Common use of Reclamation Claims Clause in Contracts

Reclamation Claims. No Loan Party shall enter into any agreement to return any of its Inventory to any of its creditors for application against any prepetition Indebtedness, prepetition trade payables or other prepetition claims under Section 546(h) of the Bankruptcy Code or allow any creditor to take any setoff or recoupment against any of its prepetition Indebtedness, prepetition trade payables or other prepetition claims based upon any such return pursuant to Section 553(b)(1) of the Bankruptcy Code or otherwise if, after giving effect to any such agreement, setoff or recoupment, the aggregate amount of prepetition Indebtedness, prepetition trade payables and other prepetition claims subject to all such agreements, setoffs and recoupments since the Petition Date would exceed $500,000.

Reclamation Claims. No Loan Credit Party shall enter into any agreement to return any of its Inventory Property to any of its creditors for application against any prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims under Section 546(h546(g) of the Bankruptcy Code or allow any creditor to take any setoff or recoupment against any of its prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims based upon any such return pursuant to Section 553(b)(1) of the Bankruptcy Code or otherwise if, after giving effect to any such agreement, setoff or recoupment, the aggregate amount of prepetition Prepetition Indebtedness, prepetition Prepetition trade payables and other prepetition Prepetition claims subject to all such agreements, setoffs and recoupments since the Petition Date would exceed $500,00025,000,000.

Reclamation Claims. No Loan Party shall enter into any agreement to return any of its Inventory Goods to any of its creditors for application against any prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims under Section 546(hsection 546(c) of the Bankruptcy Code or allow any creditor to take any setoff or recoupment against any of its prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims based upon any such return pursuant to Section section 553(b)(1) of the Bankruptcy Code or otherwise if, after giving effect to any such agreement, setoff or recoupment, the aggregate amount of prepetition Prepetition Indebtedness, prepetition Prepetition trade payables and other prepetition Prepetition claims subject to all such agreements, setoffs and recoupments since the Petition Date would exceed $500,000[ ].

Reclamation Claims. No Loan Party shall enter into any agreement to return any of its Inventory to any of its creditors for application against any prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims under Section 546(h546(c) of the Bankruptcy Code or allow any creditor to take any setoff or recoupment against any of its prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims based upon any such return pursuant to Section 553(b)(1) of the Bankruptcy Code or otherwise if, after giving effect to any such agreement, setoff or recoupment, the aggregate amount of prepetition applied to Prepetition Indebtedness, prepetition Prepetition trade payables and other prepetition Prepetition claims subject to all such agreements, setoffs and recoupments since the Petition Date would exceed $500,0001,500,000.

Reclamation Claims. No Loan Credit Party shall enter into any agreement to return any of its Inventory to any of its creditors for application against any prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims under Section 546(h546(g) of the Bankruptcy Code or allow any creditor to take any setoff or recoupment against any of its prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims based upon any such return pursuant to Section 553(b)(1) of the Bankruptcy Code or otherwise if, after giving effect to any such agreement, setoff or recoupment, the aggregate amount of prepetition Prepetition Indebtedness, prepetition Prepetition trade payables and other prepetition Prepetition claims subject to all such agreements, setoffs and recoupments since the Petition Date would exceed $500,0001,000,000.

Reclamation Claims. No Loan Party shall enter into any agreement to return any of its Inventory to any of its creditors for application against any prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims under Section 546(h) of the Bankruptcy Code or allow any creditor to take any setoff or recoupment against any of its prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims based upon any such return pursuant to Section 553(b)(1) of the Bankruptcy Code or otherwise if, after giving effect to any such agreement, setoff or recoupment, the aggregate amount of prepetition Prepetition Indebtedness, prepetition Prepetition trade payables and other prepetition Prepetition claims subject to all such agreements, setoffs and recoupments since the Petition Date would exceed $500,000.

Reclamation Claims. No Loan Party shall enter into any agreement to return any of its Inventory Goods to any of its creditors for application against any prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims under Section 546(hsection 546(c) of the Bankruptcy Code or allow any creditor to take any setoff or recoupment against any of its prepetition Prepetition Indebtedness, prepetition Prepetition trade payables or other prepetition Prepetition claims based upon any such return pursuant to Section section 553(b)(1) of the Bankruptcy Code or otherwise if, after giving effect to any such agreement, setoff or recoupment, the aggregate amount of prepetition Prepetition Indebtedness, prepetition Prepetition trade payables and other prepetition Prepetition claims subject to all such agreements, setoffs and recoupments since the Petition Date would exceed $500,000.[ ] 43