Allowed Priority Claim definition

Allowed Priority Claim means all or that portion of a Priority Claim which is an Allowed Claim.

Allowed Priority Claim means a Priority Claim that has been Allowed (but only to the extent Allowed).

Allowed Priority Claim means any Allowed Claim or portion thereof entitled to priority under Bankruptcy Code §§507(a)(3) through (a)(6).

Examples of Allowed Priority Claim in a sentence

• Each holder of an Allowed Priority Claim in Class 1 is conclusively presumed to have accepted the Plan and is not entitled to vote to accept or reject the Plan under section 1126 of the Bankruptcy Code.

• On the Distribution Date, each holder of an Allowed Priority Claim will receive either (i) the Allowed Amount of its Priority Claim in Cash, or (ii) such different treatment as may be agreed to by such holder and the Reorganized Debtors.

• Unless otherwise agreed by the holder of an Allowed Priority Claim and the corresponding Debtor or, following the Effective Date, the Plan Agent, each holder of an Allowed Priority Claim against an SMSA II Debtor shall receive, pursuant to the Distribution Scheme, a Cash Distribution equal to 100% of the Allowed amount of such Page 6 Allowed Priority Claim on or as soon as practicable after the later of (i) the Effective Date and (ii) the date on which such Priority Claim becomes an Allowed Priority Claim.

• The treatment set forth below shall be the same for each holder of an Allowed Priority Claim against each of the Debtors and each holder of an Allowed Priority Claim may vote in the case of the Debtor liable on such Claim.

• On the Distribution Date, each holder of an Allowed Priority Claim shall receive, in full satisfaction, settlement, release, and discharge of and in exchange for such Allowed Priority Claim, either (i) the Allowed Amount of its Priority Claim, in Cash, or (ii) such different treatment as may be agreed to by such holder and Reorganized Congoleum.

More Definitions of Allowed Priority Claim

Allowed Priority Claim means an Allowed Administrative Claim, Allowed

Allowed Priority Claim means all or that portion of any Priority Claim that is or has become an Allowed Claim.

Allowed Priority Claim means an allowed claim for which the holder asserts and is determined to be entitled to priority under Section 507 of the Bankruptcy Code.

Allowed Priority Claim means an Allowed Administrative Claim, Allowed Priority Tax Claim, or Allowed Priority Unsecured Claim.

Allowed Priority Claim means an Allowed Claim that is entitled to priority under Sections 507(a)(8) of the Code.

Allowed Priority Claim means an Allowed Claim, or that portion ---------------------- thereof, that is entitled to priority under section 507(a) of the Bankruptcy Code, other than an Allowed Administrative Claim or an Allowed Tax Claim. There are no Claims known to the Debtors that would be Allowed Priority Claims in this Reorganization Case.

Allowed Priority Claim means that portion of an Allowed Claim which is entitled to priority under section 507 of the Bankruptcy Code.