Scheme Creditor definition

Scheme Creditor means a creditor or class of creditors of a cooperative to whom the scheme is to apply.

Scheme Creditor means each person who holds a Scheme Claim as at the Record Date.

Scheme Creditor. ’ means a creditor of the Company in respect of a Scheme Claim;

Examples of Scheme Creditor in a sentence

• MMI has been in run-off since 1992 and the Council, like many other local authorities, is a Scheme Creditor of MMI.

• As a result of Local Government Reorganisation on 1 April 2019, BCP Council became the successor to the existing Scheme Creditor bodies of the legacy councils.

• It is envisaged that the Scheme shall involve a pari passu distribution of (and at the selection by each Scheme Creditor of one of the following) cash, convertible bonds, redeemable preference shares or other options or instruments which the Company may consider appropriate for the settlement of claims of the Scheme Creditors, details of which are subject to further negotiation.

• Nothing in this Deed shall prevent LFSL from settling any dispute with any Scheme Creditor or any Third Party in relation to any matter on such terms as it may deem appropriate.

• CTC shall accordingly then refer the dispute to the Expert as soon as the relevant Expert has been chosen in accordance with clause 8.3. The Expert’s opinion shall be final and binding on the Scheme Companies and the Scheme Creditor, subject to clause 8.5 (Financial Ombudsman Service) and insofar as the law otherwise allows.

More Definitions of Scheme Creditor

Scheme Creditor means the Pension Scheme Trustees;

Scheme Creditor has the meaning given to it in the Explanatory Statement;

Scheme Creditor means a person with a beneficial interest as principal in the Old Notes held in global form or global restricted form through the Clearing Systems as at the Record Time and which has a right, upon satisfaction of certain conditions, to be issued definitive notes in accordance with the terms of the Old Notes and the Old Notes Indenture.

Scheme Creditor means a creditor of Corp or plc, as appropriate, in respect of its Scheme Claim and where the Scheme Claim is in respect of Bonds, should be construed in the manner set out under "Definitions and Interpretation" set out in Part I of the Scheme Document; SCHEME DOCUMENT means the scheme document (including the explanatory statement and all appendices, schedules and annexures to it) to be issued in connection with the Schemes (a draft of which has been marked "Draft A" and signed by the parties for the purposes of identification);

Scheme Creditor means a scheme creditor of Corp in respect of its Scheme Claim;

Scheme Creditor means in respect of the Scheme, a legal or natural person who has, or who claims to have, Provable Claims (including, for the avoidance of doubt, any Admitted Claim whether unpaid or paid in full or in part);

Scheme Creditor has the meaning given to that term in the Scheme. "Settlement Account" has the meaning given to that term in the Scheme. "Termination Date" has the meaning given to that term in the Scheme. "Third Party" means a person other than LFSL.