Construction Lien Claim definition

Construction Lien Claim means a Claim asserting a Lien over real property of a Participating CCAA Party in respect of goods or services provided to such Participating CCAA Party that improved such real property;
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Construction Lien Claim means any Proven Claim in respect of amounts secured by a perfected lien registered against title to the Property and are valid in accordance with the Construction Act (Ontario);
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Construction Lien Claim means the BFW Construction Lien Claims and CLLSP Construction Lien Claims;
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Examples of Construction Lien Claim in a sentence

  • Any Person asserting a Construction Lien Claim that has not been perfected in accordance with the Construction Act (Ontario) is required to file a proof of claim in accordance with this paragraph.

  • In aggregate, the Construction Lien Claim Reserves and the Affiliated Properties Reserves hold $11,129,783.92, which represents an amount in excess of the total aggregate value of all construction liens filed against the Affiliated Leased Properties and the Surrendered Leased Properties and the maximum potential secured construction lien claims against these properties prior to review by the Monitor.

  • In connection with the Lease Surrender Transactions, certain Court-ordered Construction Lien Claim Reserves were established to hold proceeds from the Lease Surrender Transactions in the aggregate amounts claimed under all construction liens registered against the Surrendered Leased Properties.

  • Payments from the Construction Lien Claim Reserves can only be released upon further Order of the Court.

  • As a priority matter, the Sears Canada Entities and the Monitor seek to move forward with distributions to those Construction Contractors holding (on their own behalf and on behalf of their Connected Sub-Contractors) Undisputed Construction Claims against the Construction Lien Claim Reserves or the Affiliated Properties Reserves (such Construction Contractors being the “ Identified Contractors”).

  • The Court ordered that the only recourse of a construction lien claimant in connection with a construction lien on Surrendered Leased Properties would be to the applicable Construction Lien Claim Reserve.

  • Distributions shall be paid in respect of any Disputed Construction Lien Claims that may be finally determined to be a Proven Construction Lien Claim in accordance with the Claims Procedure Order and Article 7 hereof.

  • To the extent that any Disputed BFW Construction Lien Claim becomes a Proven BFW Construction Lien Claim in accordance with this Plan and the Claims Procedure Order, the Monitor, shall distribute to the holder of such Proven BFW Construction Lien Claim, Cash from the Disputed BFW Construction Lien Claims Reserve Account in an amount equal to such Proven BFW Construction Lien Claim.

  • Any Construction Lien Creditor with a Disputed Construction Lien Claim shall not be entitled to receive any distribution hereunder with respect to such Disputed Construction Lien Claim unless and until such Disputed Construction Lien Claim becomes a Proven Construction Lien Claim in accordance with the Claims Procedure Order.

  • The Construction Lien Claim must be filed within 90 days after work is completed.


More Definitions of Construction Lien Claim

Construction Lien Claim means a Claim that the Claimant asserts is secured in whole or part by a construction lien pursuant to applicable Provincial Lien Legislation in respect of a Project;
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Related to Construction Lien Claim

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Landlord Lien State means any state in which a landlord’s claim for rent has priority by operation of Applicable Law over the lien of the Collateral Agent in any of the Collateral.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • 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.

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • Parity Lien Obligations means Parity Lien Debt and all other Obligations in respect thereof.