Preferred Creditor definition

Preferred Creditor means the Person holding a Preferred Claim, with respect to and to the extent of such Preferred Claim;

Preferred Creditor means any Creditor entitled to receive payment of any amount owed to it in priority to other Creditors as provided in s. 136 of the BIA;

Preferred Creditor means a Creditor of the Company having a Preferred Claim.

Examples of Preferred Creditor in a sentence

• Schadler, ‘The IMF’s Preferred Creditor Status: Does It Still Make Sense after the Euro Crisis?’, CIGI Policy Brief n.

• All of the Preferred Creditor Equity which exists as of the date of this Agreement, and each of the agreements or other documents entered into and/or setting forth the terms, rights and restrictions applicable to any such Preferred Creditor Equity, are listed and described on SCHEDULE 7.1(B) attached hereto.

• The college’s responsibility for and dedication to securing the conditions in which freedom of artistic expression can flourish extends to all forms of artistic expression, including fine arts, design, literature, and performance.

• Martha, Preferred Creditor Status Under International Law: The Case of the International Monetary Fund, 39 I.C.L.Q. 801 (1990).

• Statement from the Chief Risk Officer on World Bank’s Preferred Creditor Treatment As indicated in their Financial Statements, IDA and IBRD do not provide credits or grants to member countries (or borrowers therein) in nonaccrual status to IDA or IBRD.

More Definitions of Preferred Creditor

Preferred Creditor means any Creditor which would be entitled to receive payment of any amount owed to it in priority to other Creditors as provided under section 136 of the Act should the Company become bankrupt;

Preferred Creditor means a Creditor with a Proven Claim that is required by the Act to be paid in priority to other Claims under a proposal made by a debtor and including, without limitation:

Preferred Creditor means all or any of the following persons:

Preferred Creditor means any Creditor which would be entitled to receive payment of any amount owed to it in priority to other Creditors and provided in Section 136 of the Act, should the corporation become a bankrupt;

Preferred Creditor means a Creditor with a Preferred Claim;

Preferred Creditor means a Creditor with a Proven Claim that is entitled to receive payment thereof without interest in priority to other Creditors as provided for in Section 136 of the Act; (a) “Proposal” means this Proposal and any amendments thereto; (b) “Proof of Claim” means the proof of claim required by the Act to be provided to each known Creditor prior to the Creditors’ Meeting; (c) “Proven Claim” means the value of any Claim as accepted by the Trustee and proven in accordance with Section 135 of the Act; (d) “Secured Creditor” means any person holding a mortgage, hypothec, pledge, charge, lien, encumbrance, security interest or privilege on or against the property of CFI or any part thereof as security for a Claim, and “Secured Creditors” has a corresponding meaning;(e) “Termination Order” means the order of the Court, dated August 12, 2015, terminating the time for CFI to file a proposal pursuant to Section 50.4(11) of the Act; (f) “Trustee” means Fuller Landau, or its duly appointed successor, in its capacity as trustee acting under the Proposal; (g) “Unsecured Creditor” means a Creditor with a Proven Claim that is not a Secured Creditor or a Preferred Creditor and “Unsecured Creditors” has a corresponding meaning. (h) “Voting Letter” shall mean the voting letter required by subsection 51(1) of the Act to be mailed or sent by electronic transmission to each known Creditor prior to the Creditors’ Meeting. Headings

Preferred Creditor means a Creditor with a Proven Claim that is required by the Act to be paid in priority to other Claims under a proposal made by a debtor and including, without limitation:( i) employees and former employees of the Debtor, not to include independent commissioned sales agents or contractors, for amounts equal to the amounts that they would be qualified to receive under subsection 136(1)(d) of the Act if the Debtor had become a bankrupt on the Filing Date, as well as wages, salaries, commissions or compensation for services rendered after that date and before Court approval of the Proposal; ( ii) Her Majesty in Right of Canada or a Province for all Source Deductions, and Preferred Creditors has a corresponding meaning;