Contested Claim definition

Contested Claim means any Tax, Indebtedness or other claim or liability (i) the validity or amount of which is being diligently contested in good faith, (ii) for which adequate reserve, or other appropriate provision, if any, as required in conformity with GAAP shall have been made, and (iii) with respect to which any right to execute upon or sell any assets of the Company or of any of its Subsidiaries has not matured or has been and continues to be effectively enjoined, superseded or stayed.

Contested Claim has the meaning set forth in Section 9.4(b).

Contested Claim has the meaning set forth in Section 12.5(b).

Examples of Contested Claim in a sentence

• The arbitrator shall have the authority to grant any equitable and legal remedies that would be available in any judicial proceeding instituted to resolve a Contested Claim.

• If Xxxxx and the Sellers’ Representative do not enter into a written settlement agreement resolving a Contested Claim during the period contemplated by Section 9.4(b)(ii), either Buyer or the Sellers’ Representative may bring suit in accordance with Section 10.2 to resolve the Contested Claim.

• Notwithstanding the foregoing, if and to the extent Xxxxx and the Sellers’ Representative mutually agree in their respective sole discretion, Xxxxx and the Sellers’ Representative may submit a Contested Claim to alternative dispute resolution prior to, or in lieu of, pursuing the claim in court.

More Definitions of Contested Claim

Contested Claim has the meaning set forth in Section 2.4(c).

Contested Claim means any Claim as to which The Debtor or any other party in interest has interposed an objection or commenced an adversary proceeding in accordance with the Bankruptcy Code, Bankruptcy Rules and this Plan, which objection has not been determined by a Final Order.

Contested Claim means any Claim that is not an Allowed Claim.

Contested Claim means (x) a Claim (i) that is listed in the Schedules as disputed, contingent, or unliquidated, in whole or in part, and as to which no proof of claim has been filed; (ii) that is listed in the Schedules as undisputed, liquidated, and not contingent and as to which a proof of claim has been filed with the Bankruptcy Court, to the extent (A) the proof of claim amount exceeds the amount indicated in the Schedules, or (B) the proof of claim priority differs from the priority set forth in the Schedules, in each case as to which an objection was filed on or before the Objection Deadline, unless and to the extent allowed in amount and/or priority by a Final Order of the Bankruptcy Court; (iii) that is not listed in the Schedules or was listed in the Schedules as disputed, contingent or unliquidated, in whole or in part, but as to which a proof of claim has been filed with the Bankruptcy Court, in each case as to which an objection was filed on or before the Objection Deadline, unless and to the extent allowed in amount and/or priority by a Final Order of the Bankruptcy Court; or (iv) as to which an objection or request for estimation has been filed on or before the Objection Deadline; or (y) the Disputed Unsecured Financial Claims; provided, that a Claim that is fixed in amount and classification pursuant to this Plan or by Final Order on or before the Effective Date shall not be a Contested Claim.

Contested Claim means a claim to which an objection has been made.

Contested Claim means any of the following:

Contested Claim has the meaning set forth in Section 9.1(k)(ii) of this Agreement.