Bankruptcy Claim definition

Bankruptcy Claim shall have the meaning assigned to such term in Section 11.04(c)(iv).
Bankruptcy Claim means, with respect to each CVR that is Outstanding as of the Bankruptcy Claim Date, a general unsecured claim on behalf of the Holder of such Outstanding CVR in an amount equal to (a) thirty million dollars ($30,000,000) divided by (b) the Initial Settlement CVR Amount, in any case commenced under the Bankruptcy Code (i) by the Company or (ii) involuntarily against the Company in which an order for relief has been entered by the bankruptcy court against the Company, which claim shall be expressly subordinated in such case to the claims of holders of Senior Obligations in accordance with Article 10 hereof.
Bankruptcy Claim means that certain preference payment claim asserted against the Company by the Settlement Trustee of the Samson Settlement Trust that was formed in connection with the bankruptcy cases of Samson Resources Corporation and certain of its affiliates, stylized In re: Samson Resources Corporation, et al. Case No. 15-11934 (CSS) (Bankr. D. Del.).

Examples of Bankruptcy Claim in a sentence

  • For purposes of Rule 3001 of the Federal Rules of Bankruptcy Procedure (“Bankruptcy Rule 3001”), this assignment and affidavit represent the unconditional transfer of the Bankruptcy Claim or such part of the Claim as is based on the promissory note or notes above and shall constitute the statement of the transferor acknowledging the transfer and stating the consideration therefore as required by Bankruptcy Rule 3001.

  • For purposes of Rule 3001 of the Federal Rules of Bankruptcy Procedure (“Bankruptcy Rule 3001”), this assignment and affidavit represent the unconditional transfer of the Bankruptcy Claim or such part of the Bankruptcy Claim as is based on the promissory note or notes described above and shall constitute the statement of the transferor acknowledging the transfer and stating the consideration therefor as required by said Bankruptcy Rule 3001.

  • The Assignor acknowledges and understands, and hereby stipulates, that an order of the Bankruptcy Court may be entered without further notice to the Assignor transferring to the Assignee the Bankruptcy Claim to the extent set forth above and recognizing the Assignee as the sole owner and holder of the Bankruptcy Claim to such extent.

  • The Assignor further notifies the Obligor, the Bankruptcy Court and all other interested parties that all further notices relating to the Bankruptcy Claim to such extent, and all payments or distributions of money or property in respect of the Bankruptcy Claim to such extent, shall be delivered or made to the Assignee.

  • The Assignor hereby waives any objection to the transfer of the Bankruptcy Claim to the Assignee to the extent set forth above on the books and records of the Obligor and the Bankruptcy Court, and hereby waives to the fullest extent permitted by law any notice or right to a hearing as may be imposed by Bankruptcy Rule 3001, the Bankruptcy Code, applicable local bankruptcy rules or applicable law with respect to the Bankruptcy Claim to such extent.

  • This assignment shall also evidence the unconditional transfer of the Assignor’s interest in any security held for the Bankruptcy Claim.

  • Following the making of the Change in Control Payment or receipt by the CVR holders of the Bankruptcy Claim, no further annual payments shall be required.

  • Bankruptcy Claim During 2019, the Company’s subsidiary, MariMed Hemp, Inc.

  • The Court views the facts in the light most favorable to each plaintiff in relation to the various motions to dismiss.Plaintiff Simpkins’ Bankruptcy Claim and Standing Both Wells Fargo and American Security claim that Simpkins’ subsequent bankruptcy extinguishes her claims and eliminates her standing to bring those claims.

  • Loans Eligible for Bankruptcy Claim Payment A lender must file a bankruptcy claim if any one of the following conditions exist: • A borrower files a Chapter 12 or 13 bankruptcy.


More Definitions of Bankruptcy Claim

Bankruptcy Claim means a “claim” as defined in section 101(5) of the Bankruptcy Code, whether arising before or after the Petition Date.
Bankruptcy Claim shall have the meaning ascribed to such term in the fourth "WHEREAS" clause of this Settlement Agreement.
Bankruptcy Claim. As defined in Section 101(5) of the Bankruptcy Code.
Bankruptcy Claim means, with respect to each CVR that is Outstanding as of the Bankruptcy Claim Date, a general unsecured claim on behalf of the Holder of such Outstanding CVR in an amount equal to (a) thirty million dollars ($30,000,000) d ivided by (b) the Initial Settlement CVR Amount, in any case commenced under the Bankruptcy Code (i) by the Company or (ii) involuntarily against the Company in which an order for relief has been entered by the bankruptcy court against the Company, which claim shall be expressly subordinated in such case to the claims of holders of Senior Obligations in accordance with A rticle 10 hereof.

Related to Bankruptcy Claim