Critical Vendor definition

Critical Vendor. A ‘critical vendor,’ as such term is defined in the Bankruptcy Code, under which the debtor seeks authority to make payment of all or a significant portion of certain vendors’ unpaid pre-petition claims.
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Critical Vendor. As defined in Section 2.4(a).
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Critical Vendor means a Person who holds a Claim against a Borrower on the Petition Date and whose ongoing provision of goods or services is essential to one or more Borrowers' successful reorganization in the Chapter 11 Cases.
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Examples of Critical Vendor in a sentence

  • Such harm would likely far outweigh the cost of payment of the Critical Vendor Claims.

  • In addition, the Debtors reserve the right to seek damages or other appropriate remedies against any breaching Critical Vendor.

  • Nothing herein shall constitute a waiver of the Debtors’ rights to seek damages or other appropriate remedies against any breaching Critical Vendor.

  • Payment of the Critical Vendor Claims meets each element of the CoServ court’s standard.

  • Indeed, failure to pay Critical Vendor Claims may result in Critical Vendors ceasing to do business with the Debtors altogether.

  • Nothing herein shall be construed to limit, or in any way affect, the Debtors’ ability to dispute any Critical Vendor Claim.

  • Paying targeted Critical Vendor Claims renders a benefit to the Debtors’ estates both monetarily and operationally by preserving liquidity and enabling the Debtors to operate smoothly during the chapter 11 cases.

  • In such event, Customer shall make best efforts to obtain court approval for BluIP to be deemed a Critical Vendor.

  • Payment of the Critical Vendor Claims meets the test set forth in CoServ.

  • Notwithstanding the foregoing, the Debtors may, in their sole discretion, reinstate a Trade Agreement if the underlying default under the Trade Agreement is fully cured by the Critical Vendor not later than five (5) business days following the Debtors’ notification to the Critical Vendor of such default; or the Debtors, in their discretion, reach a favorable alternative agreement with the Critical Vendor.


More Definitions of Critical Vendor

Critical Vendor means an unrelated third party service provider who is allowed access to Client Data by the Licensed Family Trust Company during its engagement with the Licensed Family Trust Company.
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Critical Vendor means a Person who has been identified by the Debtors, in their sole discretion, as a "Critical Vendor", as such term is defined in, and pursuant to, the Debtors' "Motion for an Order Authorizing, But Not Requiring, Debtors to Pay Pre-petition Claims of Critical Vendors Pursuant to 11 U.S.C. Section 105(a)" and the Critical Vendors Order.
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Critical Vendor means a Holder of a Claim identified by the Debtors, as a critical vendor, significant to the Debtors’ ability to continue to operate itsbusiness in a cost-effective manner and in the ordinary course of business without undue disruption (which critical vendor identification by the Debtors is subject to the consent rights of the Required Consenting Creditors as described in the definition of “Continuing Trade,” above).
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Critical Vendor shall have the meaning set forth in Section 8(a).
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Critical Vendor means those creditors which are critical for debtor’s
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Critical Vendor means any third-party Person engaged by the Servicer to service or assist in servicing the Loans or otherwise carrying out its obligations hereunder that either (i) has direct and material interface or contact with Borrowers and/or the Lender (it being agreed that outsourcing the call center function would be material) or (ii) provide staffing that is responsible for the maintaining of information security and/or prevention of breaches of data. “[*****]. “[*****]. CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
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Related to Critical Vendor

  • Critical group means the group of individuals reasonably expected to receive the greatest exposure to residual radioactivity for any applicable set of circumstances.

  • Critical Path means those Trade Contractor Work activities identified on the Construction Schedule which, if delayed, will cause a corresponding Delay in the Substantial Completion Date.

  • Critical control point means a point, step, or procedure in a food proc- ess at which control can be applied, and a food safety hazard can as a result be prevented, eliminated, or reduced to acceptable levels.

  • Critical habitat means habitat areas with which endangered, threatened, sensitive or monitored plant, fish, or wildlife species have a primary association (e.g., feeding, breeding, rearing of young, migrating). Such areas are identified herein with reference to lists, categories, and definitions promulgated by the Washington Department of Fish and Wildlife as identified in WAC 232-12-011 or 232-12-014; in the Priority Habitat and Species (PHS) program of the Department of Fish and Wildlife; or by rules and regulations adopted by the U.S. Fish and Wildlife Service, National Marine Fisheries Service, or other agency with jurisdiction for such designations. See also “Habitat of special significance.”

  • Supplier Group means the Supplier and its Affiliates from time to time and "Supplier Group Company" means any company or corporation within the Supplier Group;

  • Client Group means Client, any corporate body of which Client is a subsidiary (as defined by s. 1159 of the Companies Act 2006), any other subsidiary of such corporate body and any subsidiary of Client;

  • Supplier/Contractor means the individual, firm or company with whom the contract has been concluded for supplying the Goods and Services under the Contract. The Supplier/Contractor shall be deemed to include its successors (approved by the purchaser), representatives, heirs, executors, administrators and permitted;

  • Critical Illness means an illness, sickness or disease or corrective measure as specified in Section 6 of this policy document.

  • Mobile food vendor means every corporation, association, joint stock association, person, firm or partnership, their lessees, directors, receivers, trustees, appointees by any court whatsoever, or the heirs, executors, administrators, or personal representatives or assignees of any deceased owner, owning, controlling, operating or managing any mobile food vending unit.

  • Critical area means an ISO Class 5 environment.

  • Reporting Subcontractor means with respect to any Person, any Subcontractor for such Person that is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB. References to a Reporting Subcontractor shall refer only to the Subcontractor of such Person and shall not refer to Subcontractors generally.

  • Supplier’s Team means the Supplier and, where applicable, any Relevant Person, and all other employees, consultants, agents and sub-contractors which the Supplier engages in any way in relation to the supply of the Services or the Goods; and

  • Supplier means the successful bidder who is awarded the contract to maintain and administer the required and specified service(s) to the State.

  • Critical areas means any of the following areas or ecosystems: wetlands, critical aquifer recharge areas, streams, fish and wildlife habitat conservation areas, frequently flooded areas, and geologically hazardous areas as defined by the Growth Management Act (RCW 36.070A.170).

  • critical functions means activities, services or operations the discontinuance of which is likely in one or more Member States, to lead to the disruption of services that are essential to the real economy or to disrupt financial stability due to the size, market share, external and internal interconnectedness, complexity or cross-border activities of an institution or group, with particular regard to the substitutability of those activities, services or operations;

  • Supplier’s Manager means a manager who at the relevant time carries such designation from the Supplier under, or in accordance with, ARTICLE 5;

  • Mobile crisis outreach team means a crisis intervention service for minors or families of minors experiencing behavioral health or psychiatric emergencies.

  • Supplier Personnel means Supplier’s employees, consultants, agents, independent contractors and Subcontractors.

  • Bidder/Contractor means the interested Firm/ Company/ Supplier/ Distributors that may provide or provides related Equipment/Services to any of the public/private sector organization under the contract and have registered for the relevant business thereof.

  • Contractor Personnel means Contractor’s employees and subcontractors (as well as any employees or subcontractors of those subcontractors) performing the Services.

  • financial service supplier means any natural or juridical person of a Party wishing to supply or supplying financial services but the term “financial service supplier” does not include a public entity;

  • Specified Personnel means the personnel specified in the Contract to provide the Services.

  • Vendor or “Vendors” means any entity submitting a bid in response to the Solicitation, the entity that has been selected as the lowest responsible bidder, or the entity that has been awarded the Contract as context requires.

  • Key Personnel means those persons named in the Specification as being key personnel.

  • New Service Customers means all customers that submit an Interconnection Request, a Completed Application, or an Upgrade Request that is pending in the New Services Queue. New Service Request:

  • Critical professional work means a cornerstone or fundamental decision, requiring the exercise of sound professional judgement of the effects of a decision within a particular professional field.