Bank Group Claim definition

Bank Group Claim means all amounts owed to the Bank Group under the Warehouse Facility.
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Bank Group Claim means Claims under the Prepetition 1997 Credit Facility and/or the Prepetition 2000 Credit Facility.
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Bank Group Claim means the Claim of any member of the Bank Group arising under the Credit Agreement.
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Examples of Bank Group Claim in a sentence

  • The Allowed LoC Bank Group Claim shall be reduced and offset by the amount of any funds received by the LoC Bank Group either directly or indirectly on account of the Prepetition Claim of Trenwick (Barbados), including but not limited to, distributions on account thereof.

  • General Unsecured Claim means an unsecured Claim that is not an Administrative Claim, a Priority Tax Claim, a Priority Claim, an LoC Bank Group Claim, a Senior Notes Claim, a CI Notes Claim, an InsCorp Claim, a Section 510(b) Claim, an Other Intercompany Claim or a Trust Preferreds Claim.

  • It is possible that long- standing ways of operating are no longer appropriate, given that a typical client comes to the Center at a younger age and lives longer than clients in the past.

  • LoC Bank Group Settlement means the settlement embodied in the Plan pursuant to section 1123(b)(3)(A) of the Bankruptcy Code pursuant to which, among other things, the LoC Bank Group has agreed to the treatment of its Claims as provided herein, including, among other things, the allowance of the LoC Bank Group Claim in the maximum amount of $19,505,000 and a mutual and general release, as more fully set forth in Section 7.07 herein.

  • In accordance with the LoC Bank Group Settlement, the LoC Bank Group Claim is Allowed in the amount of $19,505,000, without offset, defense or counterclaim and shall not be subject to objection, subordination, recharacterization or any claim under chapter 5 of the Bankruptcy Code.

  • The Reorganized Parent Company will use approximately $200 million in advances under the Credit Facility toward the payment of the Allowed Bank Group Claim.

  • General Unsecured Claim means an unsecured Claim that is not an Administrative Claim, a Priority Tax Claim, a Secured Claim, a Priority Claim, a Bank Group Claim, a Senior Notes Claim, or a Subordinated Claim.

  • A copy of the Prospectus for the 2020 Omnibus Incentive Plan shall also be provided to Optionee.

  • Bank Group Claim means any Claim of the Bank Group arising under the Credit Agreement and the Letter of Credit Agreement.

  • Bank Group Claim means all amounts owed to the Bank Group under the Warehouse Facility.


More Definitions of Bank Group Claim

Bank Group Claim means the Claim of the Bank Group in the amount of $21.9 million.
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Bank Group Claim means the Deemed Allowed Bank Group Claim or any portion of such Claim attributable to loans, advances, and financial accommodations provided by a member of the Bank Group under the Senior Credit Agreement.
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Bank Group Claim means the aggregate of all Claims of any and all members of the Bank Group asserted in connection with the Amended and Restated Credit Agreement, except the Bankers Trust Swap Claim.
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Bank Group Claim means the Claim of the Bank Group, which arises under the Bank Documents against each and every Debtor.
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Related to Bank Group Claim

  • 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.

  • Tax Claim has the meaning set forth in Section 6.05.

  • DIP Claim means any Claim arising under, derived from or based upon the DIP Facility or DIP Orders, including the DIP Exit Backstop Premium and the guarantees in respect thereof under the DIP Facility Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising under or related to the DIP Facility.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • IPR Claim means any claim of infringement or alleged infringement (including the defence of such infringement or alleged infringement) of any IPR, used to provide the Services or as otherwise provided and/or licensed by the Supplier (or to which the Supplier has provided access) to the Authority in the fulfilment of its obligations under this Framework Agreement;

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

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

  • Priority Non-Tax Claim means any Claim other than an Administrative Expense Claim or a Priority Tax Claim, entitled to priority in payment as specified in section 507(a) of the Bankruptcy Code.

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • De Minimis Claim has the meaning set forth in Section 7.4(a).

  • Priority Tax Claim means any Claim of a Governmental Unit of the kind specified in section 507(a)(8) of the Bankruptcy Code.

  • Cross-Collateralized Group Any group of Mortgage Loans that are cross-collateralized and cross-defaulted with each other; provided that a Mortgage Loan shall be part of a Cross-Collateralized Group only if and for so long as such Mortgage Loan is cross-collateralized and cross-defaulted with each other Mortgage Loan in such Cross-Collateralized Group. There are no Cross-Collateralized Groups included as assets of the Trust as of the Closing Date.

  • Relevant Claim means a claim by the Buyer under or pursuant to the provisions of clause 9.1 or the Tax Deed or any other provision of this Agreement or the Other Documents;

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • Priority Payables means, as of any date of determination: (a) the full amount of the liabilities of any Borrower at such time which, except for liabilities associated with Permitted Encumbrances (i) have a trust, deemed trust or statutory lien imposed to provide for payment or a security interest, pledge, hypothec, charge or other Lien ranking or capable of ranking senior to or pari passu with the Liens granted to Agent on the Collateral under federal, provincial, municipal or local law in Canada or (ii) have a right imposed to provide for payment ranking or capable of ranking senior to or pari passu with such Obligations under local or federal law, regulation or directive, including, but not limited to, claims for unremitted and/or accelerated rents, taxes (including sales tax, goods and services taxes, harmonized sales taxes and withholding taxes), wages, withholding taxes, VAT and other amounts payable to an insolvency administrator, employee withholdings or deductions and vacation pay, severance and termination pay, workers’ compensation obligations, government royalties, pension fund obligations or any amounts representing any unfunded liability (whether or not due), solvency deficiency or wind up deficiency with respect to any defined benefit plan for Canadian employees which could become subject to a trust, deemed trust or statutory lien, in each case, to the extent such trust, deemed trust, statutory lien, security interest, hypothec, charge or other Lien has been or could reasonably be expected to be imposed as determined by Agent in its sole discretion; and (b) the amount equal to the percentage applicable to Inventory located in Canada that is part of the Formula Amount which Agent, in its Permitted Discretion, considers as being, or is reasonably likely to become, subject to retention of title by a supplier or a right of a supplier to recover possession thereof, where such supplier’s right has priority over Agent’s Liens securing such Obligations, including, without limitation, Eligible Inventory subject to a right of a supplier to repossess goods pursuant to Section 81.1 of the Bankruptcy and Insolvency Act (Canada) or any applicable laws granting revendication or similar rights to unpaid suppliers or any similar laws of Canada or any other applicable jurisdiction.

  • Priority Non-Tax Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Other First Lien Obligations means the “Other First Lien Obligations” as defined in the Collateral Agreement, including any interest accruing after commencement of any bankruptcy or insolvency proceeding with respect to any holder of Other First Lien Obligations whether or not allowed in such proceeding.

  • Secured Tax Claim means any Secured Claim that, absent its secured status, would be entitled to priority in right of payment under section 507(a)(8) of the Bankruptcy Code (determined irrespective of time limitations), including any related Secured Claim for penalties.

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Allowed Secured Claim means an Allowed Claim secured by a lien, security interest or other charge against property in which the Estate has an interest, or which is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value, determined in accordance with Section 506(a) of the Bankruptcy Code, of the interest of the holder of such Allowed Secured Claim in the Estate's interest in such property, or to the extent of the amount subject to any setoff, as the case may be.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Asbestos claim means any claim, wherever or whenever made, for damages, losses, indemnification, contribution, or other relief arising out of, based on, or in any way related to asbestos, including: