Scheme Creditor definition

Scheme Creditor means a creditor or class of creditors of a cooperative to whom the scheme is to apply.
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Scheme Creditor means each person who holds a Scheme Claim as at the Record Date.
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Scheme Creditor. ’ means a creditor of the Company in respect of a Scheme Claim;
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Examples of Scheme Creditor in a sentence

  • 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.

  • No Scheme Creditor shall be entitled to rely on such an order, judgment, decision or award to prove a Scheme Claim and no Scheme Creditor shall have any right to enforce any such order, judgment, decision or award.

  • LFSL agrees to act as a trustee for each Scheme Creditor in relation to the Trust Assets only in accordance with the terms of this Scheme and acknowledges that with effect from the Effective Time, it shall at all times hold the Trust Assets on trust for the Scheme Creditors for distribution in accordance with the terms of this Scheme until the Trust Completion Date.

  • 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.

  • All costs associated with commencement or continuation of Proceedings in respect of the Third Party Proceedings shall be for the account of the Scheme Creditor only (including, for the avoidance of doubt, in respect of any amount paid to LFSL in accordance with Clause 7.5 below), and shall not be for the account of LFSL.


More Definitions of Scheme Creditor

Scheme Creditor has the meaning given to it in the Explanatory Statement;
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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.
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Scheme Creditor means the Pension Scheme Trustees;
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Scheme Creditor means the creditors listed in Annex A.
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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);
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Scheme Creditor means a Creditor in respect of a Scheme Claim;
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Scheme Creditor means any Product Holder, other than an Excluded Product Holder, who purchased (or renewed) a Scheme Card Security Product on or after 14 January 2005 but before the Amendment Date, whether or not they still hold a Scheme Card Security Product, who has a Scheme Claim.
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