Admitted Claim definition

Admitted Claim means a Claim of an SoP Creditor that is included on the final list of Claims filed timely in accordance with Section 255(1)(1o) and 265 DBA and which has been acknowledged (erkend) by the SoP Administrator Administrators (and which has not been retracted by the SoP Administrator Administrators at the Voting Hearing), as evidenced by the official court record of the Voting Hearing as referred to in Section 269 DBA.

Admitted Claim has the meaning set forth in Section 9.1(e).

Admitted Claim means any ordinary unsecured Claim against the Company (whether in respect of unpaid principal, interest or otherwise) which is not an Expense Claim, which is or has been admitted by the Joint Administrators in accordance with the Insolvency Rules (including, for the avoidance of doubt, where the creditor has successfully appealed under Rule 14.8 against the rejection of its Claim);

Examples of Admitted Claim in a sentence

• If an SIHNV MPC Claimant or SIHNV Contractual Claimant already holds an Admitted Claim pursuant to filing its participation Claim in the voting SoP process (see par.

• Creditors’ Scheme Cash Consideration Upon the Creditors’ Scheme becoming effective and after the adjudication for the Admitted Claims is completed, HK$30.0 million of the consideration of the Subscription will be utilised to be distributed to the Creditors with Admitted Claims on a pro-rata basis for their Admitted Claim.

• To the extent a Party admits (or is taken to have admitted) liability for the whole or part of a Claim Amount pursuant to clause 11.2(c) or clause 11.2(e) (Admitted Claim Amount), then that Party must pay the Claimant Party the Admitted Claim Amount within 14 days of the end of the Consideration Period.

• No distributions of the Deed Fund in accordance with clauses 12.1(c) and 12.1(d) will be made in respect of a Creditor’s Claim unless it is an Admitted Claim.

• We note that these two properties are a natural consequence of our assumption on the importance of the weights.

More Definitions of Admitted Claim

Admitted Claim has the meanings set forth in Sections 12.1(b), 12.2(b), and 12.3(b).

Admitted Claim means any ordinary unsecured Claim against the Company (whether in respect of unpaid principal, interest or otherwise) which is not an Expense Claim, which is or has been admitted by the Joint Administrators in accordance with Rule 14.7 of the Insolvency Rules or has been admitted in accordance with Rule 2.77 of the Insolvency Rules.

Admitted Claim is defined in Section 7.5.

Admitted Claim means a claim under Warranties and/or the Tax Deed of Covenant which has been agreed by the Vendors and the Purchaser or which is the subject of a judgment of the court;

Admitted Claim means a Claim that is admitted by the Deed Administrators in accordance with this Deed. For the avoidance of doubt, any Claim by a Creditor who is a Non-Participating Creditor will not be an Admitted Claim.

Admitted Claim means a Claim by Buyer which Stockholders’ Representative does not dispute within 30 days of his receipt of such Claim. A “Final Determination” means (A) a written agreement or written instructions signed by Stockholders’ Representative and Buyer with respect to the Indemnification Notice, or (B) an arbitration award or a decree or judgment of a court of competent jurisdiction in the United States of America from which no appeal may be taken, in each of (A) and (B) showing that the amount claimed in the Indemnification Amount is owed.

Admitted Claim has the meaning given in clause 10.11(a);