Priority Non-Tax Claim definition
Examples of Priority Non-Tax Claim in a sentence
On the Consummation Date, each holder of an Allowed Priority Non-Tax Claim shall be distributed on account of such Allowed Priority Claim a payment in Cash equal to the amount of its Allowed Priority Non-Tax Claim.
Except to the extent that a holder of an Allowed Priority Non-Tax Claim agrees to a different treatment, on the applicable Distribution Date, each holder of an Allowed Priority Non-Tax Claim shall receive Cash from the applicable Reorganized Debtor in an amount equal to such Allowed Claim.
Unless otherwise agreed to by the holder of an Allowed Priority Non-Tax Claim (in which event such agreement shall govern), each holder of an Allowed Class 1 Claim, in full satisfaction of such Claim, shall be paid in full in Cash on the later of the Initial Distribution Date and a date that is as soon as practicable after the date upon which such Claim becomes an Allowed Priority Non-Tax Claim.
Priority Non-Tax Claim means any Claim against any of the Debtors, other than an Administrative Expense Claim, a Priority Tax Claim, Encore Package Claim, or Mini-Vacation Package Claim, entitled to priority in payment as specified in section 507(a) of the Bankruptcy Code.
Priority Non-Tax Claim means any Claim against any of the Debtors other than an Administrative Expense Claim or a Priority Tax Claim, entitled to priority in payment as specified in section 507(a) of the Bankruptcy Code.