Priority Creditors definition

Priority Creditors means creditors of the Issuer whose claims are in respect of debt and other obligations (including those in respect of bonds, notes, debentures and guarantees) which are unsubordinated, or which are subordinated (including, but not limited to, CSG Tier 2 Instruments) and which do not, or are not expressly stated to, rank pari passu with, or junior to, the obligations of the Issuer under the Notes and/or any Parity Obligation.

Priority Creditors means creditors of the Issuer whose claims are in respect of obligations (including those in respect of bonds, notes, debentures and guarantees) which are unsubordinated or which otherwise rank, or are expressed to rank, senior to claims in respect of the Notes and/or any Parity Obligation.

Priority Creditors means the Senior Finance Parties and our secured hedge counterparties;

Examples of Priority Creditors in a sentence

• Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees that no payment by such Junior Priority Agent or any such Junior Priority Creditor to any Senior Priority Agent or Senior Priority Creditor pursuant to the provisions of this Agreement shall entitle such Junior Priority Agent or Junior Priority Creditor to exercise any rights of subrogation in respect thereof until the Discharge of Senior Priority Obligations shall have occurred.

• Until the Discharge of Senior Priority Obligations, each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees not to seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the Collateral without each Senior Priority Agent’s express written consent.

• Except to the extent expressly set forth in this Agreement, each Junior Priority Agent, for itself and on behalf of the Junior Priority Creditors represented thereby, agrees that no Junior Priority Agent or Junior Priority Creditor will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by any Senior Priority Agent or any Senior Priority Creditor under the Senior Priority Documents with respect to the Collateral.

• Except to the extent expressly set forth in this Agreement, each Junior Priority Agent, for itself and on behalf of the Junior Priority Creditors represented thereby, hereby waives any and all rights it or such Junior Priority Creditors may have as a junior lien creditor or otherwise to contest, protest, object to or interfere with the manner in which any Senior Priority Agent or any Senior Priority Creditor seeks to enforce its Liens in any Collateral.

• Each Senior Priority Secured Party shall be entitled to manage and supervise its loans and extensions of credit under the relevant Senior Priority Credit Agreement and other Senior Priority Documents as it may, in its sole discretion, deem appropriate, and may manage its loans and extensions of credit without regard to any rights or interests that the Junior Priority Agents or Junior Priority Creditors have in the Collateral, except as otherwise expressly set forth in this Agreement.

More Definitions of Priority Creditors

Priority Creditors. The United States of America, to the extent entitled to priority under 31 U.S.C. Section 3713 and those Creditors who would be entitled to priority under Section 507(a) of the United States Bankruptcy Code in effect on the date hereof, as modified in Section 4.7 below. Claims of the Pension Benefit Guaranty Corporation ("PBGC") shall be considered a debt due The United States of America under 31 U.S.C. Section 3713.

Priority Creditors means the Senior Finance Parties and the Hedge Counterparties.

Priority Creditors means creditors of the Issuer whose claims are in respect of debt and other obligations (including those in respect of bonds, notes, debentures and guarantees) that are unsubordinated, or that are subordinated (including, but not limited to, CSG Tier 2 Instruments) and that do not, or are not expressly stated to, rank pari passu with, or junior to, the obligations of the Issuer under the Notes and/or any Parity Obligation.Redemption, Substitution or Variation . . . Unless previously redeemed or purchased and cancelled asprovided in the Conditions, and provided that no Write- down Event has occurred on or prior to the applicable date of notice or date fixed for redemption and subject to certain conditions as described in Condition 8 (Redemption, Substitution, Variation and Purchase), the Notes will be redeemable at the option of the Issuer, in whole but not in part, upon giving not less than ten and not more than60 days’ notice to Holders notifying the date fixed for redemption, in the following circumstances:

Priority Creditors means all creditors of the Debtor holding claims entitled to priority by §§ 507(a)(3), 507(a)(4), 507(a)(5), and 507(a)(6) of the Bankruptcy Code, as the same are allowed, approved, and Ordered paid by the Court.

Priority Creditors means the Super Senior Creditors, the Pari Passu Creditors and the Second Lien Creditors.

Priority Creditors means the Super Senior Creditors and the Senior Secured Creditors.

Priority Creditors means all Persons having a Priority Claim.