Primary Creditors definition

Primary Creditors means the Super Senior Creditors and the Pari Passu Creditors.

Primary Creditors means the super senior creditors under the Senior Secured Credit Facilities and certain designated hedging obligations and the pari passu creditors under the Notes and certain pari passu indebtedness and hedging obligations.

Primary Creditors means the Senior Secured Creditors and the Senior Parent Creditors.

Examples of Primary Creditors in a sentence

• Each of the Parties agrees that the Credit Facility Liabilities, the Hedging Liabilities and the Pari Passu Debt Liabilities owed by the Debtors to the Primary Creditors shall rank in right and priority of payment pari passu and without any preference between them.

• None of the Primary Creditors will be liable to any other Creditor, or Debtor for any Consent given or deemed to be given under this Clause 31.

• Each of the Primary Creditors authorises the Intercreditor Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Intercreditor Agent under or in connection with the Debt Documents together with any other incidental rights, powers, authorities and discretions.

• Any amount paid by a Creditor (a “Recovering Creditor”) to the Security Agent under Clause 13 (Effect of Insolvency Event) or Clause ‎14 (Turnover of Receipts) shall be treated as having been paid by the relevant Debtor or Security Grantor and distributed to the Security Agent, Agents, Arrangers and Primary Creditors (each a “Sharing Creditor”) in accordance with the terms of this Agreement.

• Subordinated Primary Creditors The implicit assumption so far has been that the primary creditor holding the selective-enforcement rights is not subordinated to other lenders.

More Definitions of Primary Creditors

Primary Creditors means the ECF Creditors, the Term Loan Creditors, the ECF Hedging Creditors and the Term Loan Hedging Creditors.

Primary Creditors means the Senior Secured Creditors, the Second Lien Creditors and the Unsecured Notes Creditors.

Primary Creditors means the Super Senior Creditors and the Pari Passu Creditors. “Property” of a member of the Group or of a Debtor means:

Primary Creditors means the Senior Creditors, any Junior Trustee and the Junior Lenders.

Primary Creditors. The Facility A Creditors and the Facility B Creditors.

Primary Creditors means the Senior Lenders and the Senior Hedge Counterparties.

Primary Creditors means the Credit Facility Creditors and the Pari Passu Debt Creditors.