Allowed Priority Tax Claim definition

Allowed Priority Tax Claim means any Allowed Claim or portion thereof entitled to priority under Bankruptcy Code §507(a)(8).

Allowed Priority Tax Claim means an Allowed Claim entitled to priority

Allowed Priority Tax Claim means all or that portion of any Priority Tax Claim that is or has become an Allowed Claim.

Examples of Allowed Priority Tax Claim in a sentence

• Except to the extent that a Holder of an Allowed Priority Tax Claim agrees to a less favorable treatment, in full and final satisfaction, settlement, release, and discharge of and in exchange for each Allowed Priority Tax Claim, each Holder of such Allowed Priority Tax Claim shall be treated in accordance with the terms set forth in section 1129(a)(9)(C) of the Bankruptcy Code.

• In the event an Allowed Priority Tax Claim is also a Secured Tax Claim, such Claim shall, to the extent it is Allowed, be treated as an Other Secured Claim if such Claim is not otherwise paid in full.

• To the extent any Allowed Priority Tax Claim or Allowed Secured Tax Claim is not due and owing on the Effective Date, such Claim shall be paid in full in Cash in accordance with the terms of any agreement between the Debtors and the holder of such Claim, or as may be due and payable under applicable non-bankruptcy law or in the ordinary course of business.

• Notwithstanding the provisions of Section III.A.2.a, the holder of an Allowed Priority Tax Claim will not be entitled to receive any payment on account of any penalty arising with respect to or in connection with the Allowed Priority Tax Claim.

• To the extent any Allowed Priority Tax Claim is not due and owing on the Effective Date, such Claim shall be paid in full in Cash in accordance with the terms of any agreement between the Debtors and the holder of such Claim, or as may be due and payable under applicable non-bankruptcy law or in the ordinary course of business.

More Definitions of Allowed Priority Tax Claim

Allowed Priority Tax Claim means a Priority Tax Claim that is or becomes an Allowed Claim.

Allowed Priority Tax Claim means an Allowed Claim entitled to priority pursuant to Section 507(a)(8) of the Bankruptcy Code.

Allowed Priority Tax Claim means any Claim that is Allowed pursuant to Section 2.4 of this Liquidation Plan.

Allowed Priority Tax Claim means all or that portion of a Priority Tax Claim which is an Allowed Claim.

Allowed Priority Tax Claim means an Allowed Claim provided for by

Allowed Priority Tax Claim means all or that portion of a Priority Tax Claim which has been allowed pursuant to a Final Order of the Bankruptcy Court.

Allowed Priority Tax Claim means a Priority Tax Claim, to the extent it is or has become an Allowed Claim.