Allowed Tax Claim definition

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

Allowed Tax Claim means a Tax Claim, which is or has become an Allowed Claim, and does not include claims, held by Tax Claimants assessed on the basis of taxable income of the Debtor earned or arising after the Petition Date.

Allowed Tax Claim means that portion of an Allowed Claim entitled to priority under Section 507(a)(8) of the Bankruptcy Code.

Examples of Allowed Tax Claim in a sentence

• Except as provided herein, no Governmental Authority shall be entitled to receive any penalties for any period of time after the Petition Date nor shall any Allowed Tax Claim include any post-petition interest or pre-petition or post-petition penalties except as provided herein.

• So long as the holder of an Allowed Tax Claim is enjoined from commencing or continuing any action or proceeding against any responsible person, officer or director under this Section or pursuant to the Confirmation Order, the statute of limitations for commencing or continuing any such action or proceeding shall be tolled.

• Failure by the Liquidating Trustee to make a payment on an Allowed Tax Claim pursuant to the terms of the Plan shall be an event of default.

• The Confirmation Order shall enjoin any holder of an Allowed Tax Claim from commencing or continuing any action or proceeding against any responsible person, officer or director of the Debtors that otherwise would be liable to such holder for payment of a Tax Claim so long as the Debtors are in compliance with this Section.

• Each Contested Tax Claim shall become an Allowed Tax Claim only upon entry of, and only to the extent such claim is allowed by, a Final Order or agreement of the Debtors.

More Definitions of Allowed Tax Claim

Allowed Tax Claim means an Allowed Claim, or that portion thereof, ----------------- that is entitled to priority under Section 507(a)(8) of the Code.

Allowed Tax Claim means a Tax Claim that is an Allowed Claim.

Allowed Tax Claim means a Claim for any Tax entitled to priority under Bankruptcy Code section 507(a)(8) to the extent it is an Allowed Claim.

Allowed Tax Claim means the unclassified "Allowed Priority Tax Claims" and the "Allowed Class 2 Claims" under and as defined in the Plan of Reorganization.

Allowed Tax Claim means that portion of a claim by a governmental unit entitled to priority under 507(a)(8) of the Bankruptcy Code.

Allowed Tax Claim means all or that portion of a Tax Claim which

Allowed Tax Claim means all or that portion of an Allowed Claim entitled to priority under Section 507(a)(8) of the Bankruptcy Code. Except as may be ordered by the Court in the case of an Allowed Tax Claim, any interest accrued on or after July 3, 2001, on Allowed Tax Claims shall not be part of any Allowed Tax Claim.