Bankruptcy Tax Liens definition

Bankruptcy Tax Liens. As of any given date of determination, Tax Liens with respect to which the related Property Owners are Bankrupt.
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Bankruptcy Tax Liens. The Tax Liens, including but not limited to the identified Bankruptcy Tax Liens listed in Schedule C hereto, with respect to which the related Property Owners were, as of the Sale Date, Bankrupt. There shall not be imposed or collected in connection with any Bankruptcy Tax Lien any penalty amounts, including, but not limited to, the 5% surcharge and any interest rate increases described in Section 11-332 of the Enabling Act.
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Bankruptcy Tax Liens means any Tax Lien(s) in Schedule B which purportedly secure taxes on property that is part of the estate of a debtor in voluntary or involuntary bankruptcy proceedings as of the Closing Date, whether or not such Tax Lien(s) are void or voidable under applicable laws.
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Examples of Bankruptcy Tax Liens in a sentence

  • Limitation of Liability of Trustee and Seller 16 SCHEDULES SCHEDULE A Schedule A Tax Liens SCHEDULE B Schedule B Tax Liens SCHEDULE C Bankruptcy Tax Liens SCHEDULE D Form of Tax Lien Purchase Agreement for Schedule B Tax Liens PURCHASE AND SALE AGREEMENT, dated as of May 18, 2018 (this “Agreement”) between NYCTL 1998-2 TRUST, a Delaware statutory trust (the “Trust”), and THE CITY OF NEW YORK (the “City” or the “Seller”).

  • Limitation of Liability of Trustee and Seller 16 SCHEDULES SCHEDULE A Schedule A Tax Liens SCHEDULE B Schedule B Tax Liens SCHEDULE C Bankruptcy Tax Liens SCHEDULE D Form of Tax Lien Purchase Agreement for Schedule B Tax Liens PURCHASE AND SALE AGREEMENT, dated as of August 2, 2019 (this “Agreement”) between NYCTL 1998-2 TRUST, a Delaware statutory trust (the “Trust”), and THE CITY OF NEW YORK (the “City” or the “Seller”).

Related to Bankruptcy Tax Liens

  • Bankruptcy Proceeding means any bankruptcy, reorganization, insolvency, composition, restructuring, dissolution, liquidation, receivership, assignment for the benefit of creditors, or custodianship action or proceeding under any federal or state law with respect to Borrower, any guarantor of any of the Senior Indebtedness, any of their respective properties, or any of their respective partners, members, officers, directors, or shareholders.

  • Insolvency Proceeding means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

  • Bankruptcy Code means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in effect, or any successor statute.

  • Insolvency Laws The Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments, or similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Bankruptcy Law means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

  • U.S. Bankruptcy Code means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • Petition means a written request to the court for an order after notice.

  • Bankruptcy Event means, with respect to any Person:

  • 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.