Avoidance Action Recoveries definition

Avoidance Action Recoveries means, collectively, Fraudulent Conveyance Action Recoveries and Preference Action Recoveries pursuant to or authorized by Chapter 5 of Title 11 of the United States Code.
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Avoidance Action Recoveries means causes of action arising or held by the Borrowers under Sections 502, 510, 541, 544, 545, 547, 548, 550 or 553 of the Bankruptcy Code, or under related state or federal statutes and common law, including fraudulent transfer laws.
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Avoidance Action Recoveries means any and all recoveries of cash, property or proceeds thereof by and on behalf of Borrower or its estate under any or all of Sections 544, 547, 548, 549, 550 and 553 of, and any other avoidance actions under, the Bankruptcy Code.
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Examples of Avoidance Action Recoveries in a sentence

  • In addition to the distributions above, holders of Class 4 Claims shall be entitled to receive from the Liquidating Trust, after fees (including contingency fees) and costs of the Liquidating Trust, their Pro Rata share based on total Claim amounts along with Class 2B of any Avoidance Action Recoveries in an estate other than the Parent's estate.

  • Class 8 Claims will receive from the Liquidating Trust after fees (including contingency fees) and costs of the Liquidating Trust, their Pro Rata share based on total Claim amounts along with Classes 2B of any Avoidance Action Recoveries in the Parent's estate.

  • The Debtors do not expect there will be any material Avoidance Action Recoveries.

  • Any Avoidance Action Recoveries received in a taxable year after the date of consummation of the Plan may be bifurcated as part interest income and part gain on the Claim.

  • To be eligible for the YEE Skilled Trades Worker stream the foreign national must:• meet the minimum requirements for the federal Canadian Experience Class;• be accepted into IRCC’s Express Entry pool and have an Express Entry profile number and a Job Seeker validation code;• have a valid, permanent, full-time job offer from an employer in Yukon; and• plan to live in Yukon.7. FOREIGN NATIONAL INFORMATION7A.

  • The Liquidating Trust shall serve as (i) the escrow agent for the benefit of Class 4 and Class 6 Claims and (ii) Disbursing Agent for Classes 2B, 4, 6, and 8, as applicable, with respect to Avoidance Action Recoveries.

  • On account of the Class 4 Beneficial Interest, the holder of the Allowed First Lien Lender Deficiency Claim will receive its Pro Rata Share of Class 4 Net Recoveries and Class 4 Avoidance Action Recoveries, other than the Class 3.1 Deficiency Carve-Out.

  • In addition, a portion of any Avoidance Action Recoveries received after the taxable year including the date of consummation of the Plan may be treated as interest income.

  • Pro Rata means the proportion that the amount of an Allowed Claim or Allowed Interest in a particular Class or Subclass bears to the aggregate amount of all Allowed Claims or Allowed Interests in such Class or Subclass (including any Contested Claim Reserve) or, where applicable, Classes (with respect to Avoidance Action Recoveries).

  • They will also receive a portion of certain Avoidance Action Recoveries on behalf of their Subclass 2B Claims.


More Definitions of Avoidance Action Recoveries

Avoidance Action Recoveries means any and all recoveries of cash, Property or proceeds thereof in the Bankruptcy Case in respect of any Avoidance Actions.
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Avoidance Action Recoveries means the recoveries from the litigation or settlement of Avoidance Actions.
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Avoidance Action Recoveries means any and all recoveries of cash, property or proceeds thereof in the 2003 Bankruptcy Cases under any or all of Sections 544, 547, 548, 549, 550 and 553 of, and any other avoidance actions under, the Bankruptcy Code.
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Related to Avoidance Action Recoveries

  • Avoidance Actions means any and all avoidance, recovery, subordination, or other claims, actions, or remedies that may be brought by or on behalf of the Debtors or their Estates or other authorized parties in interest under the Bankruptcy Code or applicable non-bankruptcy law, including actions or remedies under sections 502, 510, 542, 544, 545, 547 through 553, and 724(a) of the Bankruptcy Code or under similar or related state or federal statutes and common law, including fraudulent transfer laws.

  • Avoidance Action means any claim or cause of action of an Estate arising out of or maintainable pursuant to sections 502, 510, 541, 542, 543, 544, 545, 547, 548, 549, 550, 551, or 553 of the Bankruptcy Code or under any other similar applicable law, regardless of whether or not such action has been commenced prior to the Effective Date.

  • Collection Action means any of the following:

  • Net Recoveries means gross Recoveries during any Calendar Quarter minus Reimbursable Expenses during such Calendar Quarter.

  • Subsequent Recoveries As to any Distribution Date, with respect to a Liquidated Mortgage Loan that resulted in a Realized Loss in a prior calendar month, unexpected amounts received by the Master Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.08) specifically related to such Liquidated Mortgage Loan.

  • Related Claims means all Claims for Wrongful Acts based upon, arising out of, resulting from, or in any way involving the same or related facts, circumstances, situations, transactions or events or the same or related series of facts, circumstances situations, transactions or events, whether related logically, causally or in any other way.

  • Derivative Action means any Action brought by or in the right of the Corporation and/or an Affiliate.

  • Recoveries means, with respect to any Receivable that becomes a Liquidated Receivable, monies collected in respect thereof, from whatever source, during any Collection Period following the Collection Period in which such Receivable became a Liquidated Receivable, net of the sum of any amounts expended by the Servicer for the account of the Obligor and any amounts required by law to be remitted to the Obligor.

  • Claims Allocation and Handling Agreement means the agreement of that name approved by XXX;

  • Collections means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds).

  • SUBI Collections has the meaning set forth in the Indenture.

  • Inadvertent Interchange means the difference between net actual energy flow and net scheduled energy flow into or out of the individual Control Areas operated by PJM.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Collection Records means all manually prepared or computer generated records relating to collection efforts or payment histories with respect to the Receivables.

  • Subsequent Recovery Any amount recovered by a Servicer or the Master Servicer with respect to a Liquidated Mortgage Loan with respect to which a Realized Loss was incurred after the liquidation or disposition of such Mortgage Loan.

  • Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) (i) claims of creditors in respect of the Subordinated Notes and (ii) the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital or CET1 Capital, including, for the avoidance of doubt, all claims in respect of Deferred Shares.

  • Resource Conservation and Recovery Act means the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., as in effect from time to time.

  • Shared-Loss Assets means Shared-Loss Loans, Other Real Estate purchased by the Assuming Institution, Additional ORE, Shared-Loss Subsidiaries, and Capitalized Expenditures, but does not include Shared-Loss Securities.

  • Moody’s Recovery Rate With respect to any Collateral Obligation, as of any date of determination, the recovery rate determined in accordance with the following, in the following order of priority:

  • Net Recovery Any proceeds received by a Servicer on a delinquent or Charged Off Loan (including any Liquidation Proceeds received on a Charged Off Loan), net of any Servicing Fee, Ancillary Income and any other related expenses.

  • Shared Principal Collections means, with respect to any Transfer Date, either (a) the amount allocated to the Investor Certificates which may be applied to the Series Principal Shortfall with respect to other outstanding Series in Group One or (b) the amounts allocated to the investor certificates of other Series in Group One which the applicable Supplements for such Series specify are to be treated as "Shared Principal Collections" and which may be applied to cover the Series Principal Shortfall with respect to the Investor Certificates.

  • Stranded costs recovery order means each order issued by the

  • Shared-Loss Asset Repurchase Price means, with respect to any Shared-Loss Asset, the principal amount thereof plus any other fees or penalties due from an Obligor (including, subject to the limitations discussed below, the amount of any Accrued Interest) stated on the Accounting Records of the Assuming Institution, as of the date as of which the Shared-Loss Asset Repurchase Price is being determined (regardless, in the case of a Shared-Loss Loan, of the Legal Balance thereof) plus all Reimbursable Expenses and Recovery Expenses incurred up to and through the date of consummation of purchase of such Shared-Loss Asset; provided, that (i) in the case of a Shared-Loss Loan there shall be excluded from such amount the amount of any Accrued Interest accrued on or with respect to such Shared-Loss Loan prior to the ninety (90)-day period ending on the day prior to the purchase date determined pursuant to Sections 2.1(e)(i) or 2.1(e)(iii) of this Commercial Shared-Loss Agreement, except to the extent such Accrued Interest was included in the Book Value of such Shared-Loss Loan, and (ii) any collections on a Shared-Loss Loan received by the Assuming Institution after the purchase date applicable to such Shared-Loss Loan shall be applied (without duplication) to reduce the Shared-Loss Asset Repurchase Price of such Shared-Loss Loan on a dollar-for-dollar basis. For purposes of determining the amount of unpaid interest which accrued during a given period with respect to a variable-rate Shared-Loss Loan, all collections of interest shall be deemed to be applied to unpaid interest in the chronological order in which such interest accrued.

  • Enforcement Action means any action of any kind to:

  • Disaster Recovery shall be defined as the installation and storage of Product in ready-to-execute, back-up computer systems prior to disaster or breakdown which is not used for active production or development.