Avoidance Claim definition

Avoidance Claim any claim that any payment received by Purchaser from or for the account of an Account Debtor is avoidable under the Bankruptcy Code or any other debtor relief statute.

Avoidance Claim means the assertion, complaint, judgment or otherwise against Lender, any payment Lender received with respect to any Account, whether the amount related thereto was paid by the Account Debtor, the Borrower, on behalf of Borrower or for its benefit, or any lien granted to Lender is avoidable (or recoverable from Lender) under the Bankruptcy Code, any other debtor relief statute, including, but not limited to, preference claims, fraudulent or voidable transfer claims, or through receivership, assignment for the benefit of creditors or any equivalent recovery law, rule or regulation which relates to the adjustment of debtor and creditor relations.

Avoidance Claim. Any claim that any payment received by Purchaser is avoidable under the Bankruptcy Code or any other debtor relief statute.

Examples of Avoidance Claim in a sentence

• Any Claim objections arising solely under 11 U.S.C. § 502(d) are not subject to the 90 day deadline and may be pursued through an adversary proceeding asserting an Avoidance Claim.

• Seller agrees to indemnify Purchaser and save it harmless against any suits, claims, liabilities, demands and expenses, including but not limited to, any loss arising out of the assertion of any Avoidance Claim, and shall pay to Purchaser on demand the amount thereof including attorneys’ fees and expenses, resulting from or arising under this Agreement.

• The list of prepetition transfers to creditors during the 90 days prior to the Petition Date and transfers to insiders within one year from the Petition Date (the "Prepetition Transfers") that could potentially constitute any Avoidance Claim was prepared by the Debtors and disclosed on the Schedules and Statement of Financial Affairs that were filed with the Bankruptcy Court on June 29, 2009.

• Notwithstanding any other provision in the Plan, no payment or distribution will be made with respect to all or any portion of a Claim or Allowed Claim held by a claimant against whom an Avoidance Claim or Cause of Action is asserted unless and until such Avoidance Claim or Cause of Action has been settled or withdrawn or has been determined by Non-Appealable Order.

• With respect to an Avoidance Claim, Seller shall notify Purchaser within two (2) business days of Seller’s becoming aware of the assertion of an Avoidance Claim.

More Definitions of Avoidance Claim

Avoidance Claim any claim that any payment received by Lender from or for the account of Borrowers or on account of any Collateral is avoidable under the United States Bankruptcy Code or any other state or federal debtor relief statute.

Avoidance Claim means any claim that could be asserted by or on behalf of a Borrower or its Estate against a Person under 11 U.S.C. ss.ss. 502(d), 544, 545, 547, 548, 549, 550, 551 or 553.

Avoidance Claim means any claim of the Debtors or the bankruptcy estates pursuant to Sections 544, 545, 547, 548, 549, 550, or 551 of the Bankruptcy Code.

Avoidance Claim means all rights, claims, causes of action, avoiding powers, suits and proceedings of or brought by or which may be asserted by a debtor inpossession or a person under chapter 5 of the Bankruptcy Code, including by way of illustration and not limitation, under Sections 510, 541, 544, 547, 548, 549, 550, 553 and 554 of the Bankruptcy Code, together with any claims, rights, remedies or demands that may be asserted by a creditor or representative of creditors under similar applicable state or other laws, and claims in the nature of substantive consolidation, successor liability, veil piercing, or alter-ego.

Avoidance Claim. Any claim that a payment received by Purchaser is a preference or otherwise avoidable under the United States Bankruptcy Code or any other debtor-relief statute.

Avoidance Claim means a claim or cause of action of a bankruptcy

Avoidance Claim means a claim that any payment of any money or transfer of any property is void, voidable, avoidable, or otherwise subject to repayment in whole or part within the meaning of any state or federal law, including, without limitation, any fraudulent conveyance or preferential transfer under the U.S. Bankruptcy Code or any other insolvency law, rule, or regulation.