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

• If the requisite quorum is still not present at the adjourned Creditors’ Meeting, 1 Scheme Creditor present in person or by proxy shall form a quorum and may transact any business which a Creditors’ Meeting is competent to transact.

• Each Scheme Creditor shall be entitled to exercise any and all of its remedies and rights against the Company as if the Scheme was never proposed, but each Scheme Creditor, in exercising its remedies and rights as aforesaid, shall give credit to the Company for all sums and Scheme Shares received from the Company under the Scheme in discharge or reduction of the Scheme Creditor’s Claim.

• The amount of cash that each Class A Scheme Creditor receives will be contingent on the total value of the Approved Claims for Distribution of the Class A Scheme Creditors who have elected to participate in Option 1.

• No Scheme Creditor shall be entitled to appoint more than 1 attorney or proxy to attend and vote on its behalf at any Creditors’ Meeting, and the attorney or proxy shall not be allowed to attend and vote except in the absence of its appointer.

• Any Scheme Creditor may appoint any natural person to be its attorney or proxy to attend and vote on its behalf at any or all Creditors’ Meeting(s).

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 in respect of a Scheme Claim;

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.

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);