Relevant Creditor definition

Relevant Creditor has the meaning given in Clause 3.1;

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Relevant Creditor means holders of the Agreed Securities and any other creditor of the Telewest Group (which is not a member of the TCN Group);

Relevant Creditor means the Restructuring Creditors, creditors in relation to Related Party Debt and Samruk-Kazyna;

Examples of Relevant Creditor in a sentence

• This Section 2 defines the relative rights of the Relevant Creditor and the holders of Senior Indebtedness.

• For purposes of this Section 2.5, a distribution made under this Section 2 to holders of Senior Indebtedness which otherwise would have been made to the Relevant Creditor, or a payment made by the Relevant Creditor to holders of Senior Indebtedness in respect of a turnover obligation under this Section 2, is not, as between the Relevant Obligor and such holder, a payment by the Relevant Obligor on Senior Indebtedness.

• The Relevant Obligor agrees to hold the benefit of these provisions as incorporated in this agreement or this instrument as trustee for and on behalf of the Trustee and the Holders of the Securities and the Relevant Obligor shall be a party to the agreement or instrument in such capacity and shall give the Relevant Creditor (and the Relevant Obligor on its own behalf) one dollar as valuable consideration in respect of the agreements given to it in such capacity as trustee.

• After all Senior Indebtedness is paid in full and until the indebtedness evidenced by this agreement or instrument is paid in full, the Relevant Creditor shall be subrogated to the rights of the holders of Senior Indebtedness.

• This Section 2 defines the relative rights of the Relevant Creditor on the one hand and the Holders on the other hand.

• If for any reason Thomson-Reuters does not make such payment on its due date, Thomson shall pay the amount due and unpaid to the Relevant Creditor upon written demand upon Thomson by the Relevant Creditor.

• If for any reason Thomson does not make such payment on its due date, Thomson-Reuters shall pay the amount due and unpaid to the Relevant Creditor upon written demand upon Thomson-Reuters by the Relevant Creditor.

• If for any reason P&O Princess does not make such payment on its due date, Carnival shall pay the amount due and unpaid to the Relevant Creditor upon written demand upon Carnival by the Relevant Creditor.

• If for any reason Carnival does not make such payment on its due date, P&O Princess shall pay the amount due and unpaid to the Relevant Creditor upon written demand upon P&O Princess by the Relevant Creditor.

• After all Securities and Indenture Obligations are paid in full and until the indebtedness evidenced by this agreement or instrument is paid in full, the Relevant Creditor shall be subrogated to the rights of the Holders.

More Definitions of Relevant Creditor

Relevant Creditor means, with respect to any Obligation, the Creditor to whom or to which such Obligation is owed;

Relevant Creditor has the meaning given in Clause 3.1; "Subsidiary" means, with respect to Carnival or P&O Princess, any entity, whether incorporated or unincorporated, in which such company owns, directly or indirectly, a majority of the securities or other ownership interests having by their terms ordinary voting power to elect a majority of the directors or other persons performing similar functions, or the management and policies of which such company otherwise has the power to direct; and "Subsidiary Undertaking" has the meaning as defined in section 258 of the Companies Act 1985 (an Act of Parliament). 1.2 Interpretation Headings are for convenience only and do not affect interpretation. The following rules of interpretation apply unless the context requires otherwise. (A) The singular includes the plural and conversely.