BP Claim definition

BP Claim means the claim of C.G. Railway, Inc. (Claim No. 154805) asserted in the Deepwater Horizon Economic and Property Damages Settlement.
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BP Claim means any Claim arising from or related to: (a) that certain terminated electricity price hedge pursuant to that certain ISDA Master Agreement, dated as of March 29, 2011, and a confirmation dated May 29, 2012, by and between Longview Power and BP Energy Company; or (b) that certain accession agreement, dated as of June 20, 2012, by and between Longview Power, BP Energy Company, and Union Bank, N.A.
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BP Claim means the Claim filed by the Debtor under the Deepwater Horizon claims settlement administered by the Deepwater Horizon Claims Office.
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Examples of BP Claim in a sentence

  • The BP Claim Transfer is avoidable and judgment should be rendered in favor of the Committee with respect to the BP Claim Transfer.

  • The BP Claim Transfer occurred during the Preference Period, and therefore, is presumed to be made while the Debtor was insolvent under Bankruptcy Code section 547(f).

  • During the Preference Period, the Agent was granted and perfected a lien on the BP Tort Claims pursuant to the Forbearance Agreement (the “ BP Claim Transfer”).

  • Email from Gibby Andry to David Duval, Subject: RE: BP Claim No. ***66 (April 30, 2013 at 12:34 PM).

  • The BP Claim Transfer was a transfer of property or an interest in property of the Debtor.

  • The Debtor made the BP Claim Transfer to or for the benefit of Agent and the RBL Lenders on account of antecedent debt owed by the Debtor at the time of the BP Claim Transfer.

  • La Documentación Legal deberá ser presentada solo en el Original del Sobre “A”.

  • BP Claim – In December 2012 and February 2013, the Company submitted Business Economic Loss claims totaling $22.6 million to the BP Settlement Fund in accordance with the Deepwater Horizon Court-Supervised Settlement Program.

  • The Committee Settlement resolved disputes among the Lenders, the Committee and PHI regarding the extent and priority of the Lenders’ liens, particularly the lien on the BP Claim.23 As part of the settlement, the Lenders agreed to turn over 33% or up to $7,375,000.00 of the proceeds of the BP Claim to the estate to fund a plan of reorganization.

  • In any event, if the Class 4 and Class 5 creditors are paid in full, any net recovery incident to eighty percent (80%) of the BP Claim, twenty percent (20%) of the Oil Spill Claim or one hundred percent (100%) of the Litigation Trust Claim shall be paid pro-rata to all Class 6 Members.


More Definitions of BP Claim

BP Claim means collectively, any all claims (including any cross-claims or counterclaims), causes of action, charges, complaints, litigation, demands, summons, subpoenas, inquiries, grievances, investigations, and disputes by United States Pipe and Foundry Company, LLC (or any other Company) relating to, arising from, or otherwise in connection with the Deepwater Horizon oil spill on or about April 20, 2010 involving BP, including, without limitation the claims made by United States Pipe and Foundry Company, LLC on or about April 22, 2014 pursuant to that certain Deepwater Horizon Economic and Property Settlement Business Economic Loss Claim Form and that certain Deepwater Horizon Economic and Property Settlement Start-Up Business Economic Loss Claim Form.
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BP Claim means any Claim arising from or related to: (a) that certain terminated electricity price hedge pursuant to that certain ISDA Master Agreement, dated as of March 29, 2011, and a confirmation dated
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BP Claim means the claim of C.G. Railway, Inc. (Claim No. 154805)
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BP Claim means the claim filed by the Company and its Subsidiaries with the Deepwater Horizon Claims Administrator.
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Related to BP Claim

  • 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.

  • 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.

  • 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;

  • 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.

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

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

  • 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.

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

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

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

  • Third Party IP Claim has the meaning given to it in clause E8.7 (Intellectual Property Rights).

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

  • 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;

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

  • 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.

  • 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.

  • Indemnified Claim has the meaning set forth in Section 8.2.

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.

  • Allowed Claim means an Allowed Claim of the type described.

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

  • Covered claim means the following:

  • Payment Claim means the claim for payment made by the Contractor in accordance with this Contract.

  • 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.

  • 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:

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.