Unsecured Financial Creditors definition

Unsecured Financial Creditors means the creditors that have extended unsecured financial debt in the nature of fund base and non-fund based limits to the Petitioner Company, the details and proportion of which is laid down in ScheduleF
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Unsecured Financial Creditors means the creditors holding Unsecured Financial Debt to be Restructured.
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Unsecured Financial Creditors. The Holders of Existing Bonds and the Additional Creditors;
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Examples of Unsecured Financial Creditors in a sentence

  • As per the CoC approved Resolution Plan, Assenting Secured Financial Creditors would get only 4.89%, Dissenting Secured Financial Creditors would get only 4.56%, Assenting Unsecured Financial Creditors would get only very meagre amount of 0.62%, Dissenting Unsecured Financial Creditors would get “NIL/ ZERO” amount and Operational Creditors would also get a very meagre amount of only 0.72%.

  • Further, a ‘Secured Creditor’ such as ‘financial institutions/ banks’, cannot be provided with the asset (flat/apartment) by preference over the allottees (Unsecured Financial Creditors) for whom the project has been approved.

  • The amounts provided for the stakeholders under the Resolution Plan is as under: (Amount in Rs. lakh) Sl.No.Category of Stakeholder*Amount ClaimedAmount AdmittedAmount Provided under the Plan#Amount Provided to the Amount Claimed(%)1Dissenting Secured Financial Creditors 2Other Secured Financial Creditors 3Dissenting Unsecured Financial Creditors 4Other Unsecured Financial Creditors 5Operational Creditors Government Workmen Employees …..

  • The Respondent has proposed to liquidation value to Unsecured Financial Creditors who dissent from the plan.

  • The Unsecured Financial Creditors Facilities, as on the Cut Off Date have a total outstanding of Rs. 440.30crores, which shall be restructured on the terms and payable in the manner laid down in ScheduleIhereto.

  • The Unsecured Financial Creditors Facilities, as on the Cut Off Date have a total outstanding of Rs. 440.30 crores, which shall be restructured on the terms and payable in the manner laid down in ScheduleI hereto.

  • Homebuyers are Unsecured Financial Creditors- The allottees/homebuyers have the right to trigger the Code as financial creditors.

  • The Financial Creditor claim admitted by the Resolution Professional is Rs. 3174.74 crores (Rupees Three Thousand One Hundred Seventy Four Crores Seventy Four Lakhs only), of which Rs. 1993.62 crores (Rupees One Thousand Nine Hundred and Ninety Three Crores and Sixty Two Lakhs only) is Secured Financial Creditor claim and the remaining amount is Rs. 1181.11 Crores (Rupees One Thousand One Hundred Eighty One Crores and Eleven Lakhs Only) is Unsecured Financial Creditors claims.

  • If you are a shareholder in a corporation that has elected to file under Subchapter S of the Internal Revenue Code, you are not required to report any distributed income from Federal Schedule K-1 lines 1 through 11, nor may deduct your share of any loss or other deductions distributed by the corporation.Line 13 – Farm Income or (Loss)Profit or loss from the operation of a farm is taxable as reported on the federal return regardless is where the farm is located.

  • The Unsecured Financial Creditors Facilities, as on the Cut Off Date have a total outstanding of Rs. 440.30crores, which shall be restructured on the terms and payable in the manner laid down in ScheduleI hereto.

Related to Unsecured Financial Creditors

  • 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;

  • Senior means a person seventy years old or older.

  • Structured Finance Obligation means any obligation issued by a special purpose vehicle and secured directly by, referenced to, or representing ownership of, a pool of receivables or other financial assets of any obligor, including collateralized debt obligations and mortgaged-backed securities. For the avoidance of doubt, if an obligation satisfies the definition of “Structured Finance Obligation”, such obligation shall not (a) qualify as any other category of Portfolio Investment and (b) be included in the Borrowing Base.

  • Senior Debt means the principal of, premium, if any, interest (including all interest accruing subsequent to the commencement of any bankruptcy or similar proceeding, whether or not a claim for post-petition interest is allowable as a claim in any such proceeding) and rent payable on or in connection with, and all fees, costs, expenses and other amounts accrued or due on or in connection with, Indebtedness of the Company, whether outstanding on the date of this Indenture or thereafter created, incurred, assumed, guaranteed or in effect guaranteed by the Company (including all deferrals, renewals, extensions or refundings of, or amendments, modifications or supplements to, the foregoing), unless in the case of any particular Indebtedness the instrument creating or evidencing the same or the assumption or guarantee thereof expressly provides that such Indebtedness shall not be senior in right of payment to the Securities or expressly provides that such Indebtedness is “pari passu” or “ junior” to the Securities. Notwithstanding the foregoing, the term Senior Debt shall not include any Indebtedness of the Company to any Subsidiary of the Company. If any payment made to any holder of any Senior Debt or its Representative with respect to such Senior Debt is rescinded or must otherwise be returned by such holder or Representative upon the insolvency, bankruptcy or reorganization of the Company or otherwise, the reinstated Indebtedness of the Company arising as a result of such rescission or return shall constitute Senior Debt effective as of the date of such rescission or return.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • 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);

  • Unsecured Debt means Debt which is not secured by any of the properties of the Company or any Subsidiary.

  • Consolidated First Lien Debt means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a first priority Lien on the Collateral.

  • Unsecured Longer-Term Indebtedness means any Indebtedness of the Borrower that (a) has no amortization or mandatory redemption, repurchase or prepayment prior to, and a final maturity date not earlier than, six months after the Maturity Date (it being understood that (i) the conversion features into Permitted Equity Interests under convertible notes (as well as the triggering of such conversion and/or settlement thereof solely with Permitted Equity Interests) shall not constitute “amortization” for the purposes of this definition and (ii) any mandatory redemption, repurchase or prepayment obligation or put right that is contingent upon the happening of an event that is not certain to occur (including, without limitation, a change of control or bankruptcy) shall not in and of itself be deemed to disqualify such Indebtedness under this clause (a) (notwithstanding the foregoing, in this clause (ii), the Borrower acknowledges that any payment prior to the Termination Date in respect of any such obligation or right shall only be made to the extent permitted by Section 6.12)), (b) is incurred pursuant to terms that are substantially comparable to market terms for substantially similar debt of other similarly situated borrowers as reasonably determined in good faith by Borrower (other than financial covenants and events of default, which shall be no more restrictive upon the Borrower and its Subsidiaries, prior to the Termination Date, than those set forth in this Agreement) (it being understood that put rights or repurchase or redemption obligations arising out of circumstances that would be Events of Default under this Agreement shall not be deemed to be more restrictive for purposes of this definition), and (c) is not secured by any assets of any Person. For the avoidance of doubt, Unsecured Longer-Term Indebtedness shall also include any refinancing, refunding, renewal or extension of any Unsecured Longer-Term Indebtedness so long as such refinanced, refunded, renewed or extended Indebtedness continues to satisfy the requirements of this definition.

  • General Unsecured Claim means any Claim that is not a/an: Administrative Claim; DIP Facility Claim; Professional Fee Claim; Priority Tax Claim; Secured Tax Claim; Other Priority Claim; Other Secured Claim; Intercompany Claim; Prepetition Debt Claim; or 510(b) Equity Claim.

  • Financial Debt means a debt along with interest, if any, which is disbursed against the consideration for the time value of money and includes—

  • Unsecured Indebtedness means, with respect to any Person, all Indebtedness of such Person for borrowed money that does not constitute Secured Indebtedness.

  • Guarantor Senior Indebtedness means, with respect to any Guarantor, at any date, whether currently existing or hereafter incurred, (a) all obligations under the Credit Facilities (whether for principal, interest, fees, expenses or indemnities), (b) all indebtedness of such Guarantor for borrowed money or under any reimbursement obligation relating to a letter of credit or other similar instruments or evidenced by bond, note, debenture or similar instrument, or such indebtedness of others guaranteed by the applicable Guarantor (to the extent of the guarantee), and Capitalized Lease Obligations, including principal, premium, if any, and interest (including Post-Petition Interest) on such indebtedness, unless the instrument under which such indebtedness is incurred expressly provides that such indebtedness is not senior or superior in right of payment to such Guarantor's Guarantee, and all renewals, extensions, modifications, amendments or refinancings thereof, (c) all obligations of such Guarantor under Interest Protection Agreements, (d) all obligations of such Guarantor under Currency Agreements and (e) all obligations of such Guarantor with respect to the Company's 8% Senior Notes due 2009, 8 3/8% Senior Notes due 2004 and 10 1/2% Senior Notes due 2005 under an indenture dated June 9, 1997. Notwithstanding the foregoing, Guarantor Senior Indebtedness shall not include (i) to the extent that it may constitute indebtedness, any obligation for federal, state, local or other taxes; (ii) any indebtedness between such Guarantor and any Subsidiary of such Guarantor or any Unrestricted Subsidiary of the Company; (iii) to the extent that it may constitute indebtedness, any obligation in respect of any trade payable incurred for the purchase of goods or materials, or for services obtained, in the ordinary course of business; (iv) that portion of any indebtedness that is incurred in violation of this Indenture; (v) indebtedness evidenced by such Guarantor's Guarantee of the Securities; (vi) indebtedness of such Guarantor that is expressly subordinate or junior in right of payment to any other indebtedness of such Guarantor; and (vii) to the extent that it may constitute indebtedness, any obligation owing under leases (other than Capitalized Lease Obligations).