Priority Claim definition

Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

Priority Claim means any Claim (other than an Administrative Claim or a Priority Tax Claim) to the extent such Claim is entitled to a priority in payment under section 507(a) of the Bankruptcy Code.

Priority Claim means any Priority Non-Tax Claim or Priority Tax Claim.

Examples of Priority Claim in a sentence

• Treatment: Paid in full, in cash, on the Effective Date Voting: Unimpaired, not entitled to vote General Unsecured Claims Claims consisting of any prepetition claim against the Company Entities that is not an Administrative Claim, a DIP Claim, a Professional Fee Claim, a Senior Secured Note Claim, a Subordinate Secured Note Claim, an Other Secured Claim, a Priority Tax Claim, or an Other Priority Claim (the “General Unsecured Claims”).

• Claims On the Plan Effective Date, each Holder of an allowed Other Priority Claim shall receive cash in an amount equal to such claim, unless otherwise agreed to by such Holder.

• Except to the extent that a Holder of an Allowed Other Priority Claim agrees to less favorable treatment of its Allowed Claim, each Holder of an Allowed Other Priority Claim shall receive, in full and final satisfaction of such Other Priority Claim, Cash in an amount equal to such Allowed Other Priority Claim or such other treatment consistent with the provisions of section 1129(a)(9) of the Bankruptcy Code.

More Definitions of Priority Claim

Priority Claim means any Claim entitled to priority pursuant to section 507(a) of the Bankruptcy Code.

Priority Claim means a claim entitled to priority under section 507(a) of the Bankruptcy Code, other than an Administrative Claim or a Tax Claim.

Priority Claim means any Claim to the extent such Claim is entitled to priority in right of payment under section 507(a) of the Bankruptcy Code, other than Secured Claims, Administrative Claims, and Tax Claims.

Priority Claim means a Claim entitled to priority in payment under section 507(a) of the Bankruptcy Code, excluding any Claim that is an Administrative Claim or a Priority Tax Claim.

Priority Claim means a Claim other than an Administrative Claim or a Tax Claim which, if allowed, would be entitled to priority under section 507(a) of the Code.

Priority Claim means any Claim which, if Allowed, would be entitled to priority under Section 507 of the Bankruptcy Code.

Priority Claim means any Priority Tax Claim or Other Priority Claim.