113 Claim definition

113 Claim means an unsecured Claim in accordance with Article 113 of the Bankruptcy Act (or any number of such unsecured Claims) lodged in the Winding-up Proceedings.
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113 Claim means an unsecured claim in accordance with Article 113 of the Bankruptcy Act (or any number of such unsecured claims) lodged in the winding-up proceedings applicable to the Issuer pursuant to Chapter XII.B of the Financial Undertakings Act;
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Examples of 113 Claim in a sentence

  • In the event that a Creditor, who held more than one 113 Claim prior to the Bar Date, subsequently transferred any such Claim(s) or part of a Claim after the Bar Date, the same treatment, as set out above, shall apply when determining the applicable De minimis Payment and voting rights with respect to such Creditor.

  • Wal-Mart Stores, Inc., 2003 AWCC 113, Claim No. F201311 (Full Commission Opinion filed June 17, 2003).

  • Furthermore, in the event that a Creditor holds more than one 113 Claim, such Claims shall be added up and considered as one single Claim for the purpose of determining the applicable De minimis Payment and voting rights with respect to such Creditor.

  • Voting: Such Composition Creditors shall be entitled to vote in respect of the Composition Proposal regardless of whether their 113 Claim is recognized or disputed; however, votes by holders of such Disputed Claims will only be considered if such votes will impact of the result of the vote on the Composition Proposal.

  • Furthermore, in the event that a Creditor holds more than one 113 Claim, such Claims shall be added together and considered as one single Claim for the purpose of determining the applicable De minimis Payment and voting rights with respect to such Creditor.

  • Conditional upon the Composition Proposal being approved by the requisite majority of Composition Creditors and confirmed by the Courts, and subject always to the application of the aforementioned provisions of the Bankruptcy Act, after the Effective Date has occurred, a De minimis Payment shall be made to each holder of a recognized Composition Claim, equivalent to the lesser of (i) ISK 1,700,000 or (ii) the full amount of such Creditor’s 113 Claim.

  • This set of forms normally consists of: • Claimant's Statement• Proof of Death• A Certificate by Last Attending Physician• Certificate of Employer• Certificate of Identity• Original Policy Document• National Identification Card 11.3. Claim Settlement Procedure When claim form are received, they are scrutinized and submitted to members of claim committee for according approval for payment or expressing their view, otherwise for any further information if required.

  • For example, if the aggregate amount of accepted Claims increases above LBI’s estimates contained herein, the distribution of Available Cash will need to be allocated over a greater number of 113 Claims which will reduce the amount paid on account of each 113 Claim.

  • Indemnification................................................40 11.1. General Indemnification........................................40 11.2. Indemnification Principles.....................................41 11.3. Claim Notice...................................................42 11.4. Claim Procedure................................................42 SECTION 12.

  • Indemnification..........................................40 11.1. General Indemnification..................................40 11.2. Indemnification Principles...............................41 11.3. Claim Notice.............................................42 11.4. Claim Procedure..........................................42 SECTION 12.

Related to 113 Claim

  • 503(b)(9) Claim means a Claim or any portion thereof entitled to administrative expense priority pursuant to section 503(b)(9) of the Bankruptcy Code.

  • IPR Claim means any claim of infringement or alleged infringement (including the defence of such infringement or alleged infringement) of any IPR, used to provide the Services or as otherwise provided and/or licensed by the Supplier (or to which the Supplier has provided access) to the Authority in the fulfilment of its obligations under this Framework Agreement;

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • DIP Claim means a Claim held by the DIP Lenders or the DIP Agent arising under or relating to the DIP Credit Agreement or the DIP Order, including any and all fees, interests paid in kind, and accrued but unpaid interest and fees arising under the DIP Credit Agreement, but, for the avoidance of doubt, excluding the First Lien Adequate Protection Claims.

  • Tax Claim has the meaning set forth in Section 6.05.

  • Fraud Claim means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Asbestos claim means any claim, wherever or whenever made, for damages, losses, indemnification, contribution, or other relief arising out of, based on, or in any way related to asbestos, including:

  • Unsecured Claim means a Claim that is not an Administrative Claim, a Priority Tax Claim, a Priority Claim, or a Secured Claim.

  • Settled claim means the original tort claim resolved by a structured settlement.

  • Clean Claim means a claim that:

  • D&O Claim means any right or claim of any Person against one or more of the Directors and/or Officers howsoever arising on or before the D&O Bar Date, for which the Directors and/or Officers, or any of them, are by statute liable to pay in their capacity as Directors and/or Officers or which are secured by way of any one of the Directors’ Charges;

  • Contested Claim means any Tax, Indebtedness or other claim or liability (i) the validity or amount of which is being diligently contested in good faith, (ii) for which adequate reserve, or other appropriate provision, if any, as required in conformity with GAAP shall have been made, and (iii) with respect to which any right to execute upon or sell any assets of the Company or of any of its Subsidiaries has not matured or has been and continues to be effectively enjoined, superseded or stayed.

  • IP Claim means a Claim made against you by a third party alleging that the Stripe Technology, Services or a Stripe Mark provided to and used by you in accordance with this Agreement infringes or misappropriates the IP Rights of the third party making the Claim, excluding Claims made by Connected Accounts.

  • Administrative Claim means a Claim for costs and expenses of administration of the Estates under sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs and expenses incurred on or after the Petition Date of preserving the Estates and operating the businesses of the Debtors; (b) Allowed Professional Fee Claims in the Chapter 11 Cases; and (c) all fees and charges assessed against the Estates under chapter 123 of title 28 of the United States Code, 28 U.S.C. §§ 1911-1930.

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Administrative Claim Bar Date means the deadline for filing requests for payment of Administrative Claims, which shall be 30 days after the Effective Date.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Cure Claim means a monetary Claim based upon the Debtors’ defaults under any Executory Contract or Unexpired Lease at the time such contract or lease is assumed by the Debtors pursuant to section 365 of the Bankruptcy Code.

  • Allowed Secured Claim means an Allowed Claim secured by a Lien, security interest, or other charge against or interest in property in which the Debtor has an interest or that is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value (as specified in the Plan, or if no value is specified, as determined in accordance with Section 506(a) of the Bankruptcy Code) of the interest of a holder of such Allowed Claim in the Debtor's interest in such property or to the extent of the amount subject to such setoff, as the case may be.

  • Unimpaired Claim means a Claim that is not impaired within the meaning of section 1124 of the Bankruptcy Code.

  • Covered claim means the following:

  • Fee Claim means a Claim for Accrued Professional Compensation.