Other Priority Claims definition

Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.
Other Priority Claims means Claims accorded priority in right of payment under section 507(a) of the Bankruptcy Code, other than Priority Tax Claims.
Other Priority Claims means any account payable, obligation or liability which Administrative Agent has determined has or will have a Lien upon or claim against any Cash Equivalent, account or inventory of Borrower senior or equal in priority to the security interests in favor of Administrative Agent for the benefit of Lenders, in each case to the extent such Cash Equivalent, account or inventory of Borrower is otherwise included in the determination of the Borrowing Base and the included portion thereof has not already been reduced by such Lien or claim.

Examples of Other Priority Claims in a sentence

  • Claims and Interests in Class 1 (Secured Tax Claims), Class 2 (Other Secured Claims) and Class 3 (Other Priority Claims) are unimpaired under the Plan and are conclusively presumed to have accepted the Plan without the solicitation of acceptances or rejections pursuant to Bankruptcy Code section 1126(f).

  • The Plan provides for full payment of Allowed Administrative Claims, Professional Fee Claims, Priority Tax Claims and DIP Financing Claims, and renders Unimpaired Class 1 Other Priority Claims, Class 2 Other Secured Claims, Class 6 Convenience Claims, Class 7 Intercompany Claims and Class 9B Equity Interests in the Other Subsidiary Debtors.

  • Pursuant to sections 1126 and 1129(a)(8) of the Bankruptcy Code: (a) Class 1 Other Priority Claims, Class 2 Other Secured Claims, Class 6 Convenience Claims, Class 7 Intercompany Claims and 9B Equity Interests in Other Subsidiary Debtors are Unimpaired under the Plan and are deemed to have accepted the Plan.

  • Based upon the Liquidation Analysis, holders of Allowed Administrative Claims, Priority Tax Claims, Other Priority Claims and Other Secured Claims would receive an estimated 0% recovery on their Allowed Claims in a chapter 7 liquidation, whereas to the contrary any and all such Allowed Claims are Unimpaired under the Plan.

  • Articles III.B and III.C of the Plan specify that Claims or Interests in Class 1 (Secured Tax Claims), Class 2 (Other Secured Claims) and Class 3 (Other Priority Claims) (collectively referenced as the “UnimpairedClasses”) are unimpaired under the Plan within the meaning of Bankruptcy Code section 1124, thereby satisfying Bankruptcy Code section 1123(a)(2).


More Definitions of Other Priority Claims

Other Priority Claims means any and all Claims against any Debtor entitled to priority in right of payment under section 507(a) of the Bankruptcy Code that are not Administrative Claims or Priority Tax Claims.
Other Priority Claims means any and all Allowed Claims accorded priority in right of payment under section 507(a) of the Bankruptcy Code, other than a Priority Tax Claim.
Other Priority Claims means any Claim accorded priority in right of payment under Section 507(a) of the Bankruptcy Code, other than a Priority Tax Claim, a Priority Wage Claim, or an Administrative Claim.
Other Priority Claims means any Claim, other than an Administrative Claim or a Priority
Other Priority Claims means a Claim entitled to priority under sections 507(a)(2), (3), (4), (5), (6), (7) and/or (9) of the Bankruptcy Code.
Other Priority Claims means a Claim (other than an Administrative Claim or Priority Tax Claim) that is entitled to priority under section 507 of the Code.