Allowed Priority Claims definition

Allowed Priority Claims means Administrative Claims, Priority Tax Claims, Other Priority Claims, Other Secured Claims and Junior Secured Notes Claims that are at any relevant time Allowed.
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Allowed Priority Claims means the pre-petition unsecured claims against the Debtors which are entitled to priority pursuant to 11 U.S.C. (S)(S)507(a)(3) - (8) and, as to which, no objection is asserted by the applicable deadline therefor or, if an objection is filed, such claim is thereafter allowed by a Final Order of the Court.
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Allowed Priority Claims means any claim accorded priority in right of payment pursuant to section 507(a) of the Bankruptcy Code.
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Examples of Allowed Priority Claims in a sentence

  • The Reorganized Debtors will be responsible for payment of Allowed Priority Claims.

  • Reorganized Congoleum will be responsible for payment of Allowed Priority Claims.

  • The Liquidating Trust, in its capacity as Disbursing Agent, shall from time to time pay the holders of Allowed Priority Claims that become Allowed after the Effective Date the amounts payable in respect of such Claims as soon as practicable after such Claims become Allowed, but in no event less frequently than on a quarterly basis to the extent of any Allowed Priority Claims that have not been previously satisfied.

  • Description of Claims Description of Distribution or Treatment Under the Plan or Interests Class 1 - Priority Unless the Debtors and the holder of an Allowed Priority Claims Claim agree to a different treatment, each Allowed Priority Claim will be paid in full on the Distribution Date.

  • Such Claims shall be satisfied out of the Administrative, Priority, Secured and Convenience Distribution Reserve, or if the fun ds in such reserve are insufficient to satisfy the Allowed Priority Claims, from other Cash of the Liquidating Trust, and allowance therefor shall be made prior to the distribution of Distributable Cash to Unitholders.

  • On or as soon as practicable after the Effective Date, the Liquidating Trust, in its capacity as Disbursing Agent, if such payment is not otherwise being made by the Debtors, shall pay to the holders of the Allowed Priority Claims (or, in the case of Allowed Junior Secured Notes Claims, to the Junior Secured Notes Indenture Trustee) as of the Effective Date the amounts payable in respect of such Claims.

  • The Reorganized Debtors shall be responsible for payment of Allowed Priority Claims.

  • Each holder of an Allowed Interest shall receive its pro rata share of all Cash remaining after payment in full (including interest where applicable) of all Allowed Administrative Claims, Allowed Tax Claims, Allowed Priority Claims, Allowed Unsecured Claims, Late Filed Unsecured Claims (if any), the establishment of the Claim Reserve Account and the Plan Fund.

  • It is anticipated that Transaction Proceeds received as a result of the Merger shall be used to satisfy Allowed DIP Credit Facility Claims, Allowed Secured Claims (if the Debtor elects such treatment), Allowed Priority Tax Claims, Allowed Administrative Claims and Allowed Priority Claims.

  • An Additional 500,000 shares of NEWCO shall be held in trust for the benefit of any unsatisfied Allowed Priority Tax Claims and Allowed Priority Claims (as defined in the Plan of Reorganization) pursuant to Articles 3.3 and 4.1, respectively, of the Plan of Reorganization filed on behalf of Ponder and incorporated her▇▇▇ ▇▇ reference.