Insider Claim definition

Insider Claim means any Claim asserted by Insiders of the Debtors, including but not limited to any Claim asserted by Highland or any Affiliate thereof, unless otherwise indicated in the Plan.

Insider Claim means any Unsecured Claim (other than a Senior Secured Claim) of an insider (as defined in section 101 of the Bankruptcy Code) or Affiliate of any Debtor other than a Claim of any employee or former employee of any Debtor.

Insider Claim means any Unsecured Claim against either Debtor, arising before the respective Petition Date of such Debtor, that is not a Professional Fee Claim, Administrative Claim, Priority Non-Tax Claim, Priority Tax Claim or General Unsecured Claim.

Examples of Insider Claim in a sentence

• Based on the information available to the Debtors after a preliminary investigation by outside litigation counsel, the Debtors value the Insider Claim at $0 to $5 million (the amount of D&O coverage) and are using a mid-point value of $2 million as a net recovery after payment of legal fees and expenses.

• The holders of the Senior Credit Facility have a lien on the Insider Notes and the vacation note from Mark Knight.The Debtors have also disclosed a potential claim against Mark Knight for violation of corporate duties (“Insider Claim”), and valued this Insider Claim at $2 million, net of any attorneys’ fees for purposes of the Plan and Liquidation Analysis.

• The Plan provides for a compromise and settlement of the Insider Claim, the $500,000 vacation note, {00359628-15} Page 22 of 115 and Insider Notes.

• If you are, as of December 20, 2022 (the “Voting Record Date”), a holder of a Class 1 Other Priority Claim and Class 2 Secured Tax Claim, Class 9 Insider Claim, Class 10 Intercompany Claim, Class 11 Subordinated Claim, or Class 12 Interest, you are not entitled to vote because your Claim is either unimpaired or impaired and, therefore, not entitled to vote pursuant to Bankruptcy Code sections 1126(f) or 1126(g).

• At any time prior to the maturity date of any New Note, Reorganized Bond Ranch may sell some or all of the Retained Property securing such New Note; provided, however, that in connection with any such sale of the Retained Property: (i) Reorganized Bond Ranch shall pay to the holders of an Allowed Senior Secured Insider Claim the Release Price; and (ii) all relevant terms and conditions required by the New Note for such holders have been satisfied.

More Definitions of Insider Claim

Insider Claim means a Claim held by an Insider or Affiliate, but not including Administrative Claims held by HS arising out of the ordinary course of business between Debtor and HS, nor any rights of any Insider to unpaid post-petition compensation.

Insider Claim means any Unsecured Claim (other than a Senior Secured Claim) of an insider (as defined in section 101 of the Bankruptcy Code) or Affiliate of any Debtor.

Insider Claim means any Claim filed by or on behalf of any Insider, regardless of whether such Claim is held by an Insider or an assignee of an Insider.

Insider Claim means a Claim asserted or assertable by any Insider of the Debtors.

Insider Claim means each of those Claims listed on Schedule F of the Debtor’s Schedules in favor of Tri Land Properties, Inc. (in the amount of $472,369.07), Tri-Land Holdings, Inc. (in the amount of $364,002.00), and T-L Catonsville Pro, LLC (in the aggregate amount of $187,294.52), totaling $1,023,665.59 in the aggregate.

Insider Claim means any Claim held by an insider of the Debtor as the term “insider” is defined in Bankruptcy Code §101(31).

Insider Claim means a Claim held by an Insider.