Ordinary Claim definition

Ordinary Claim means a Claim that meets (1) or (2) or both below. (1) A Claim where all of the following are met: (a) The only remedy sought for the Claim is monetary damages; (b)The recovery sought for the Claim is less than $25,000 excluding interest and costs; and (c) The only parties to any action to resolve the Claim will be you, us and/or Our Related Parties. (2) Any individual Claim filed in small claims court within its jurisdiction, as long as the Claim remains in that court. • “Rules” means the relevant arbitration rules and procedures of the Administrator in effect when the arbitration on the Claim is filed. • “your” or “you” mean you and Your Related Parties. • “Your Related Parties” mean any of the following people: ° Any co-applicant, joint cardmember, authorized user, or guarantor on your account; ° Your heirs; and ° Your trustee in bankruptcy.
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Ordinary Claim means a Claim that meets 1) or 2) or both below.
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Ordinary Claim means any Claim in existence on July 20, 1998, other than an Unaffected Claim, a Transfusion Claim or an HIV Claim;
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Examples of Ordinary Claim in a sentence

  • A claim will be considered an "Ordinary Claim" if all three of the following are true: (1) the only remedy being sought for the claim is monetary damages; (2) the recovery being sought for the claim is less than $25,000, excluding interest and costs; and (3) the only parties to litigation to resolve the claim will be you, and Bank.

  • If an Other Ordinary Claim is transferred after the Effective Date, such transfer shall only be recognised by LBT for the purpose of distributions pursuant to this Composition Plan upon written confirmation by LBT of receipt of a notice of transfer.

  • The transferee of the Other Ordinary Claim will be bound by the Composition Plan, and will only be entitled to receive any distributions from LBT that fall due after the date of the aforementioned written confirmation by LBT.

  • The notice of transfer needs to be signed by both the transferor and the transferee, and must clearly state the date upon which the transfer of the relevant Other Ordinary Claim has become effective.

  • For greater certainty, no amount will be paid on account of interest on an Ordinary Claim for any period after July 20, 1998.

  • As of the Effective Date, each Other Ordinary Claim that is recognised by the Bankruptcy Trustees at the Claims Admission Meeting is irrevocably recognised by LBT for the value attributed to such claim according to the List of Admitted Claims.

  • On each Distribution Date, LBT will make distributions in accordance with Article 3 in the currency in which the relevant Outstanding Series or Other Ordinary Claim is denominated (the " Original Currency").

  • Measures based on this paragraph shall apply only to those events published by the Standing Committee in the annual list referred to in paragraph 3 and to those exclusive rights purchased after the entry into force of the amending Protocol.

  • Received (Date Stamp)Reserved for Office Use:Claim admitted for voting purposes: Signed: Date: / / Claim rejected for voting purposes:Signed:Date: / / Claim rejected for payment:Signed:Date: / / Claim admitted for payment: Preferential Claim for: Ordinary Claim for: Deferred claim for: $ $ $ Signed LiquidatorDated: Note: If the decision to admit or reject a claim is amended, regulation 8 of the Companies Act 1993 Liquidation Regulations 1994 requires that it be recorded in writing.

  • With respect to the distributions made by LBT, reference is made to the ISIN-by- ISIN distribution reports available on the LBT Website.6 These reports state the distribution amount paid on each ISIN as well as on each Other Ordinary Claim.


More Definitions of Ordinary Claim

Ordinary Claim means a Claim which does not relate to Non-OGSC Eligible Trade Finance Debt, Official Government Sector Debt or Excluded Debt;
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Related to Ordinary Claim

  • Approved Claims means complete and timely claims, submitted by Settlement Class Members, that have been approved for payment by the Settlement Administrator.

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

  • Insolvency Proceeding means any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or any other insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action for the dissolution of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets of the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of a trustee, receiver or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage Loan Borrower, except following a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however, that following any such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage Loan Documents; provided, further, however, that for the purposes of this definition, in the event that more than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.