Prior Creditors definition

Prior Creditors of a Guaranteed Issuer means creditors of that Guaranteed Issuer (including creditors in respect of the principal and interest payable in respect of Notes issued by that Guaranteed Issuer which do not constitute Primary Capital Indebtedness of that Guaranteed Issuer) except creditors in respect of Primary Capital Indebtedness of that Guaranteed Issuer;
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Prior Creditors means creditors of the Issuer (including creditors in respect of the principal and interest payable in respect of notes issued or guaranteed by the Issuer which do not constitute Primary Capital Indebtedness) except creditors in respect of Primary Capital Indebtedness;
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Prior Creditors means Keybank National Association and each other Person party to the Prior Credit Agreement as a “Lender” (as such term is defined in the Prior Credit Agreement).
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Examples of Prior Creditors in a sentence

  • The rights of the holders of the Undated Subordinated Guaranteed Notes will, in the event of the winding-up of the relevant Guaranteed Issuer, be subordinated in right of payment to the claims of Prior Creditors of that Guaranteed Issuer, all as further described in Condition 3(f).

  • The rights of the holders of the Undated Subordinated Notes will, in the event of the winding-up of DSB, be subordinated in right of payment to the claims of DSB Prior Creditors, all as further described in Condition 3(c).

  • The rights of the holders of Undated Subordinated Notes will, in the event of the winding up of Issuer, be subordinated in right of payment to the claims of the Issuer’s Prior Creditors.

  • Claims in respect of the Undated Subordinated Guarantee will, in the event of the winding-up of DSB, be subordinated in right of payment to the claims of DSB Prior Creditors, all as further described in Condition 3(f).

  • The rights of the holders of Undated Subordinated Guaranteed Notes will, in the event of the winding up of the relevant Guaranteed Issuer, be subordinated in right of payment to the claims of the relevant Guaranteed Issuer’s Prior Creditors.


More Definitions of Prior Creditors

Prior Creditors means creditors of Unibanco (i) who benefit from a statutory preference or (ii) who are depositors or other unsubordinated creditors of Unibanco or (iii) whose claims are, or are expressed to be, subordinated (whether only in the event of the bankruptcy, liquidation, dissolution or winding up of Unibanco or otherwise) to the claims of depositors and other unsubordinated creditors of Unibanco and whose claims rank, or are expressed to rank, ahead of or senior to the claims of the Noteholders.
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Related to Prior Creditors

  • 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);

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Prior Credit Agreement has the meaning specified in the Recitals hereto.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

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

  • Senior Agent means the Person acting as agent from time to time for and on behalf of the Senior Lenders under the Credit Facility, together with its successors and assigns in such capacity.

  • First Lien Claimholders means, at any relevant time, the holders of First Lien Obligations at that time, including the First Lien Lenders and the agents under the First Lien Loan Documents.

  • Senior Credit Documents means the collective reference to the Credit Agreement, the notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented or otherwise modified from time to time.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.