Title III Case definition

Title III Case means the Title III case under PROMESA pending for PREPA in the Title III Court, captioned as In re Financial Oversight & Management Board for Puerto Rico as representative of Puerto Rico Electric Power Authority [Case No. 17-BK-4780-LTS (D.P.R.)].
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Title III Case means the case under Title III of PROMESA styled In re The Financial Oversight and Management Board for Puerto Rico, as representative of Puerto Rico Electric Power Authority (PREPA) and numbered No. 17 BK 4780-LTS, which was instituted on July 2, 2017 by the Oversight Board by the filing of a voluntary petition for relief for Buyer.
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Title III Case means Owner’s case under Title III of PROMESA in the U.S. District Court.
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Examples of Title III Case in a sentence

  • Modifications, amendments, supplements, and restatements to prepetition Executory Contracts and Unexpired Leases that have been executed by PREPA during the Title III Case shall not be deemed to alter the prepetition nature of the Executory Contract or Unexpired Lease or the validity, priority, or amount of any Claims that may arise in connection therewith.

  • The entities listed on the List of Creditors Holding the 20 Largest Unsecured Claims in COFINA’s Title III Case.

  • A discussion of PREPA’s history, operations, and events leading to the commencement of PREPA’s Title III Case, as well as a summary and analysis of the Plan, risk factors, and other related matters, is included in the Disclosure Statement.

  • The Settlement Agreement will be considered contemporaneously for approval by the Title III Court in the Commonwealth Title III Case through submission of the Settlement Motion pursuant to Bankruptcy Rule 9019 and, in the Title III Case, through submission of the Plan, which full incorporates by reference the Settlement Agreement.

  • In accordance with section 1123(a)(1) of the Bankruptcy Code, made applicable to the Title III Case pursuant to Section 301(a) of PROMESA, Administrative Expense Claims and Professional Claims have not been classified and thus are excluded from the Classes of Claims set forth in Article IV of the Plan.

  • Any and all Proofs of Claim (but, for the avoidance of doubt, not including Cure Claims) based upon Executory Contracts or Unexpired Leases that have been assumed in the Title III Case, including pursuant to the Confirmation Order, shall be deemed Disallowed and expunged as of the Effective Date without the need for any objection thereto or any further notice to or action, order, or approval of the Title III Court.

  • All rights, defenses, and protections of each of the Debtors with respect to any matters pending or that may arise in their respective Title III Cases, including the treatment of any claim arising from the matters set forth on Exhibits 1 and 2 hereof under a plan of adjustment or otherwise in the Title III Case are hereby reserved.

  • Subsequent to the filing of the COFINA Title III Case, the Oversight Board sought an orderly process to resolve the disputes relating to COFINA and the ownership of the COFINA Pledged Taxes.

  • The Parties agree that the Title III Court shall have exclusive jurisdiction over any disputes relating to this Agreement until both the Commonwealth Title III Case and the COFINA Title III Case have been closed.

  • Under the amendment, PREPA not only extendedits contract by a year, through October of 2018, but also incorporated provisions that provide for Freepoint to continue supplying fuel during this Title III Case, and to continue providingfavorable trade terms, under the conditions set forth in the amendment.

Related to Title III Case

  • Title IV-E means title IV-E of the Social Security Act [Pub. L. 96-272, title I, sec. 101(a)(1); 94 Stat. 501; 42 U.S.C. 670 et seq.], as amended.

  • Title IV-D means part D of title IV of the social security act, 42 USC 651 to 669b.

  • Title IV-A means part A of subchapter IV of the social security

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Title IX means 20 U.S.C. §§ 1681-1688 and the implementing regulations.

  • COVID-19 case means a person who:

  • Title IV means Title IV of the Social Security Act, 42 United States Code Section 601 et seq.;

  • Title Commitment shall have the meaning set forth in Section 4.2.

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • Title XVIII means title XVIII of the social security act, 42 USC 1395 to 1395lll.

  • Contested case means a proceeding defined by Iowa Code section 17A.2(5) and includes any matter defined as a no factual dispute contested case under 1998 Iowa Acts, chapter 1202, section 14.

  • Title Commitments has the meaning set forth in Section 5.9.

  • Survey means a survey of the Property prepared by a surveyor licensed in the State and satisfactory to Lender and the company or companies issuing the Title Insurance Policy, and containing a certification of such surveyor satisfactory to Lender.

  • Title XIX means title XIX of the social security act, 42 USC 1396 to 1396w-5.

  • Title Report has the meaning set forth in Section 5.4(b).

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

  • Closing Date Mortgaged Property as defined in Section 3.1(i).

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

  • Title Policy shall have the meaning set forth in Section 4.2.

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.