Proven Creditors definition

Proven Creditors means all persons that the liquidator of Plc has established as ranking in priority to the holders of Plc Ordinary Shares and who would be entitled to a payment as a result of the liquidation of Plc.
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Proven Creditors means all persons that the liquidator or trustee in bankruptcy or similar person of the Insolvent Party has established as ranking in priority to the holders of Shares in the Insolvent Party and who would be entitled to a payment as a result of the liquidation, insolvency or bankruptcy of the Insolvent Party; and
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Proven Creditors means all persons that the liquidator of Limited has established as ranking in priority to the holders of Limited Ordinary Shares and who would be entitled to a payment as a result of the liquidation of Limited;
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Examples of Proven Creditors in a sentence

  • Upon resolution of all disputed Claims, if any, and the making of the distributions by the Trustee to Proven Creditors as contemplated by this Proposal, the terms of the Proposal shall be deemed to be fully performed and the Trustee shall provide to the Company and to the Official Receiver a certificate pursuant to section 65.3 of the BIA and the Trustee shall be entitled to be discharged.


More Definitions of Proven Creditors

Proven Creditors means the holders of Proven Claims.
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Proven Creditors means all persons that the liquidator of IS Party has established as ranking in priority to the holders of Ordinary Shares in IS Party and who would be entitled to a payment as a result of the liquidation of IS Party;
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Proven Creditors means all persons that the liquidator of Limited has established as ranking in priority to the holders of Limited Ordinary Shares and who would be entitled to a payment as a result of the liquidation of Limited; Articles of Association incorporating the amendments approved by shareholders at the 2005, 2007 and 2008 Annual General Meetings Articles of Association of BHP Billiton Plc
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Related to Proven 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);

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • 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;

  • Prior Lenders means, collectively, the lenders party to the Prior Credit Agreement.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

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

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

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

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • 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.

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • 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.

  • Creditor Parties means, collectively, the Administrative Agent, the Lenders, the L/C Issuers and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons to whom the Obligations are owing.

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • Debtors has the meaning set forth in the Recitals.

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

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Notice Parties means those Persons who are required to receive notice of filings made with the CPUC pursuant to A. 00-00-000.

  • 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.

  • Indemnitors has the meaning given to such term in Section 6(h).

  • 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.

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

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • 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;