Shareholder Creditor definition

Shareholder Creditor means any direct or indirect shareholder of the Issuer in its capacity as creditor in respect of Shareholder Debt.

Shareholder Creditor means any direct or indirect shareholder of the Issuer in its capacity as creditor in respect of Shareholder Debt which has acceded to the Intercreditor Agreement as a Shareholder Creditor in accordance with the terms of the Intercreditor Agreement.

Shareholder Creditor means any creditor being a direct or indirect shareholder of the Issuer to which Subordinated Debt is outstanding and which accedes to the Intercreditor Agreement.

Examples of Shareholder Creditor in a sentence

• Each Obligor and Subordinated Shareholder Creditor agrees to the terms set out in Schedule 3 (Security Trustee).

• Each Obligor and Subordinated Shareholder Creditor acknowledges that the Security Trustee will have its own independent claim as creditor of any Senior Obligations as a result of the Senior Parallel Debt.

• Subject to Clause 9.4 (Acquisition of Shareholder Liabilities) and to the terms of the other Debt Documents, any Shareholder Creditor may assign any of its rights and benefits or transfer any of its rights, benefits and obligations in respect of the Shareholder Liabilities if the assignee or transferee has (if not already party to this Agreement as a Shareholder Creditor) acceded to this Agreement as a Shareholder Creditor, pursuant to Clause 19.13 (Creditor/Creditor Representative Accession Undertaking).

• Subject to the provisions of this clause 16 ( Enforcement of Security), no Senior Creditor nor FRN Creditor shall be responsible to any Subordinated Shareholder Creditor or Obligor for any failure or delay to enforce or maximise the proceeds of any enforcement of the FRN Security Documents (except to the extent arising from such person’s gross negligence or wilful default).

• Each Obligor and Subordinated Shareholder Creditor acknowledge that the Security Trustee will have its own independent claim as creditor of any Junior Obligations or, as the case may be, any Senior Obligations as a result of the Turkish Subsidiary Share Security Parallel Debt.

More Definitions of Shareholder Creditor

Shareholder Creditor means any creditor being a direct or indirect shareholder of the Issuer which shall be subordinated pursuant to the Intercreditor Agreement.

Shareholder Creditor means the Original Shareholder Creditor and any direct or indirect shareholder of the Issuer, the Investor (as defined in the Senior Notes Terms and Conditions) and their respective Affiliates to the extent acceding to this Agreement as a Subordinated Creditor.

Shareholder Creditor means an Affiliate of the Shareholder or any other party which is from time to time a party to any Shareholder Finance Document (other than a Finance Party or the Borrower) or a creditor in respect of all or any part of the Shareholder Debt and any successors thereof and any assigns, transferees or substitutes therefor (whether pursuant to any assignment or other transfer or otherwise) which has acceded to this Agreement in accordance with Clause 23.11 hereof.”

Shareholder Creditor means the Original Shareholder Creditor[s] and any creditor being a direct or indirect shareholder of the Issuer to which Shareholder Loan is outstanding and which accedes to the Intercreditor Agreement.

Shareholder Creditor means any Shareholder Claimant who has lodged a proof of debt in the Scheme and who the Scheme Administrators have determined is entitled to share rateably in the Scheme Fund.

Shareholder Creditor means (a) Holdco, (b) Xxxxx and (c) any other person that has acceded to this Agreement as a Shareholder Creditor in accordance with Clause 24.2 (Accession of Shareholder Creditor).

Shareholder Creditor has the meaning given to such term in Section 3.2(a)(xii).