Creditor Sample Clauses
The 'Creditor' clause defines the party to whom a debt is owed under an agreement. In practical terms, this clause identifies the individual or entity that has provided goods, services, or funds and is entitled to receive payment or performance from the debtor. For example, in a loan agreement, the creditor is typically the lender, while in a supplier contract, the creditor is the supplier awaiting payment. This clause ensures clarity regarding the rights and obligations of the parties, specifically designating who holds the right to demand payment or fulfillment of obligations, thereby reducing confusion and potential disputes over who is entitled to enforce the agreement.
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Creditor. Each of Comerica, ▇▇▇▇▇ Fargo, Fifth Third, BMO, the 2012-1 Trustee, the 2011-1 Trustee and the 2010-1 Trustee.
Creditor. Each of Comerica, Wachovia, the 2006-1 Trustee and the 2006-2 Trustee.
Creditor. Each of Comerica, ▇▇▇▇▇ Fargo, Fifth Third, BMO, Flagstar, the Credit Suisse Warehouse Collateral Agent, Citizens, the 2019-3 Trustee, the 2019-2 Collateral Agent, the 2019-1 Trustee, the 2018-3 Trustee, the 2018-2 Trustee, the 2018-1 Trustee, the 2017-3 Trustee, the 2017-2 Trustee, the 2017-1 Trustee and the 2016-3 Trustee.
Creditor. (a) Subject to clauses 1.3(b), (c) and (d), in this Deed a “Creditor” is a Person to whom the Principal Debtor has an obligation to pay money (whether present or future) under a Debt Security. For the avoidance of doubt, the Principal Debtor shall be regarded as having such an obligation to a Person if, under the terms of a Debt Security, that obligation is owed:
(i) directly to that Person; or
(ii) to the trustee under the trust deed under which that Debt Security is constituted, if that Person holds that Debt Security.
(b) Subject to clauses 1.3(c) and (d), a Person to whom the Principal ▇▇▇▇▇▇ has an obligation to pay money (whether present or future) under a Debt Security is not a Creditor:
(i) if that Person is:
(A) a Related Party of the Principal Debtor;
(B) controlled by a Related Party of the Principal Debtor;
(C) a Financial Institution;
(D) where the Principal Debtor is a Person incorporated or established overseas, neither a New Zealand Citizen nor a New Zealand Resident; or
(E) a Person acting (directly or indirectly) as a nominee of or trustee for a Person referred to in (i)(A), (B) , (C) or (D) above;
(ii) if:
(A) that Person consists of two or more Persons who jointly hold that Debt Security; and
(B) one or more of those Persons would not be a Creditor if the Principal Debtor had a direct obligation to pay money (whether present or future) to that Person individually under that Debt Security.
(c) A Person to whom the Principal ▇▇▇▇▇▇ has an obligation to pay money (whether present or future) under a Debt Security is not excluded by clause 1.3(b) from being a Creditor to the extent that that Person is:
(i) a Nominated Beneficiary that is deemed to be a Creditor under clause 2.7;
(ii) a bare trustee for another Person if that other Person would be a “Creditor” if the Principal ▇▇▇▇▇▇ had a direct obligation to pay money (whether present or future) to that Person under a Debt Security;
(iii) acting as trustee/s or nominee/s for any one or more Persons (each a “Beneficiary”) if that Person (i.e. the Person acting as trustee/s or nominee/s) is not excluded by clause 1.3(b)(i)(A), (B) or (C) from being a Creditor and the Crown (in its sole and unfettered discretion), having regard to (among other things):
(A) the identity and nature of the Beneficiaries (where known);
(B) how many of the Beneficiaries (where known) would be Creditors if the Principal Debtor had a direct obligation to pay money (whether present or future) to each of them under tha...
Creditor. Creditor" means any party:
Creditor. Valley Farmers Supply is a creditor for disclosure purposes of the Consumer Credit Protection Act. This agreement may be assigned for collection, and upon its acceptance, I will receive monthly statements indicating that another entity is assignee, creditor or holder of this agreement and my debt.
Creditor without notice to or consent of Guarantor, may assign this Guaranty in whole or in part and may disclose to any assignee any information or other data or material in Creditor's possession relating to Guarantor. This Guaranty shall inure to the benefit of and may be relied upon and enforced by Creditor's successors and assigns and shall be binding upon Guarantor and the legal representatives and assigns of Guarantor, except that Guarantor may not assign its liabilities under this Guaranty without the prior written consent of Creditor, which consent Creditor, in its sole discretion may withhold.
Creditor. (1) Name, telephone number, and postal address of the creditor shall refer to the contact information that the consumer may use for future correspondence.
Creditor. None of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of (i) any Member or (ii) the Company, other than a Member who is also a creditor of the Company.
Creditor. Each of Comerica, W▇▇▇▇ Fargo, Fifth Third, BMO, the 2011-1 Trustee, the 2010-1 Trustee and the 2009-1 Trustee.