Principal Creditors definition

Principal Creditors means Foothill, Fleet, Bennett, and Nomura.
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Principal Creditors means American National Bank and Trust ------------------- Company of Chicago, Midwest Guaranty Bank, and 000 X. Xxxxxxxx Trust.
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Principal Creditors means Noteholders, the Banks and the Lenders.
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Examples of Principal Creditors in a sentence

  • Pursuant to the Principal Creditors Compromise Agreement, the Principal Creditors agreed to settle the indebtedness owed by the Group to each of them in an aggregate amount of HK$60,398,000, excluding amounts owed to the non wholly-owned subsidiaries of the Company, together with interests thereon, subject to and on the terms and conditions stated therein.

  • In addition, an aggregate amount of HK$107,742,000 of the Group’s indebtedness, excluding amounts owed to the non wholly- owned subsidiaries of the Company, were settled through the issue of 734,524,241 new ordinary shares of HK$0.01 each in the Company and cash payments aggregating HK$12,852,000 to Stone Church, the Principal Creditors (excluding the non wholly-owned subsidiaries of the Company) and the other creditors of the Group.

  • Contracts with Affiliated Persons, Principal Creditors and Providers of Administrative Services.

  • During the year, as set out in further detail in note 2, shares issued in connection with the Stone Church Compromise Agreement and Principal Creditors Compromise Agreement to settle the convertible debentures of HK$31,353,000, bank loans of HK$12,580,000, other loans of HK$23,000,000, bank overdrafts of HK$17,079,000 and interest payable of HK$2,907,000 did not result in any cash flow.

  • The Subscription Agreement, the Stone Church Compromise Agreement and the Principal Creditors Compromise Agreement became unconditional and were completed on 14 September 2001.

  • Further to the Stone Church Compromise Agreement and the Principal Creditors Compromise Agreement, the Company made compromises with other creditors of the Group, other than Stone Church and the Principal Creditors, in respect of the indebtedness owed by the Group to each of them in an aggregate amount of HK$12,971,000.

  • The Ministry of Energy and Mineral Resources established an Exploration Task Force in June 2020.

  • Other than the Principal Creditors, there is no other holder of Indebtedness of the Seller that is owed more than 100,000,000 Korean Won.


More Definitions of Principal Creditors

Principal Creditors means each of the following Persons: (i) Ushas, LLC; and (ii) Xxxxxx Xxxxxxx.
Sample 1
Principal Creditors means American National Bank and Trust Company of Chicago, Midwest Guaranty Bank, and 360 N. Michigan Trust.
Sample 1

Related to Principal Creditors

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • operational creditor means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred;

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Second Lien Noteholders means the holders of Second Lien Notes.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Prepetition Lenders means the Persons identified as "Lenders" under the Prepetition Credit Agreement, in their capacities as lenders under the Prepetition Credit Agreement, together with their successors and permitted assigns.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Instituting Noteholders has the meaning set forth in Section 7.6(a) of the Indenture.

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • 10% in liquidation amount of the Securities means Holders of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of 10% or more of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Senior Reduction Amount With respect to any Payment Date is either:

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Dual credit means the system under which an eligible high school student enrolls in college course(s) and receives credit for the course(s) from both the college and high school.

  • Majority in liquidation amount of the Securities means Holder(s) of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Subordinate Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Interests of the beneficiaries means the beneficial interests provided in the terms of the trust.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Consenting Noteholders has the meaning set forth in the preamble to this Agreement.

  • Class B Prepayment Percentage Any of the Class B-1 Prepayment Percentage, Class B-2 Prepayment Percentage, Class B-3 Prepayment Percentage, Class B-4 Prepayment Percentage, Class B-5 Prepayment Percentage or Class B-6 Prepayment Percentage.

  • Subordinate Liquidation Amount For any Distribution Date and each Loan Group, the excess, if any, of the aggregate Liquidation Principal of Mortgage Loans related to that Loan Group which became Liquidated Mortgage Loans during the prior calendar month over the related Senior Liquidation Amount for that Distribution Date.

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • Subordinate Principal Distribution Amount With respect to any Distribution Date and each Class of Subordinate Certificates, (a) the sum of (i) the product of (x) the related Subordinate Class Percentage for such Class and (y) the aggregate of the amounts calculated for such Distribution Date under clauses (1), (2) and (3) of Section 4.02(a)(ii)(Y)(A) of this Series Supplement (without giving effect to the Senior Percentage) to the extent not payable to the Senior Certificates; (ii) such Class's pro rata share, based on the Certificate Principal Balance of each Class of Subordinate Certificates then outstanding, of the principal collections described in Section 4.02(a)(ii)(Y)(B)(b) of this Series Supplement (without giving effect to the Senior Accelerated Distribution Percentage) to the extent such collections are not otherwise distributed to the Senior Certificates; (iii) the product of (x) the related Prepayment Distribution Percentage and (y) the aggregate of all Principal Prepayments in Full received in the related Prepayment Period and Curtailments received in the preceding calendar month (other than the related Discount Fraction of such Principal Prepayments in Full and Curtailments with respect to a Discount Mortgage Loan) to the extent not payable to the Senior Certificates; (iv) if such Class is the Class of Subordinate Certificates with the Highest Priority, any Excess Subordinate Principal Amount for such Distribution Date; and (v) any amounts described in clauses (i), (ii) and (iii) as determined for any previous Distribution Date, that remain undistributed to the extent that such amounts are not attributable to Realized Losses which have been allocated to a Class of Subordinate Certificates minus (b) the sum of (i) with respect to the Class of Subordinate Certificates with the Lowest Priority, any Excess Subordinate Principal Amount for such Distribution Date; and (ii) the Capitalization Reimbursement Amount for such Distribution Date, other than the related Discount Fraction of any portion of that amount related to each Discount Mortgage Loan, multiplied by a fraction, the numerator of which is the Subordinate Principal Distribution Amount for such Class of Subordinate Certificates, without giving effect to this clause (b)(ii), and the denominator of which is the sum of the principal distribution amounts for all Classes of Certificates other than the Class A-P Certificates, without giving effect to any reductions for the Capitalization Reimbursement Amount.

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;