Common use of Preference Amount Clause in Contracts

Preference Amount. Any amount previously distributed to a Holder of a Class 3-A2 Certificate that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the Bankruptcy Code, in accordance with a final nonappealable order of a court having competent jurisdiction.

Preference Amount. Any amount previously distributed to a Holder of a Class 3-A2 A3 Certificate that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the Bankruptcy Code, in accordance with a final nonappealable order of a court having competent jurisdiction.