Base Claim definition

Base Claim shall have the meaning set forth in Section 11.3(a).
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Base Claim is defined in Section 12.6.
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Base Claim shall have the meaning set forth in Section XII.B.
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Examples of Base Claim in a sentence

  • Additional notices shall be provided upon such distributions achieving 90% and 95% of the Allowed Base Claim Amounts and upon the occurrence of the Excess Recovery Trigger Date.

  • On the effective date hereof, the P-OEM shall pay the Base Claim Amount for the first two full quarterly periods (and any initial stub quarterly period).

  • The resulting amount is referred to herein as the “Adjusted Base Claim Amount” and shall be calculated in accordance with Exhibit B hereto; provided, however, that the Adjusted Base Claim Amount shall not include the initial payment, if any, required to be made by the P-OEM pursuant to section 6.4(b) of the PSAN PI/WD TDP, but shall include any subsequently scheduled payments on account of such P-OEM Claim.

  • Thereafter, commencing after receipt of the first Quarterly Accounting for the first Quarterly Reporting Period, the P-OEM shall pay in full the Adjusted Base Claim Amount calculated for the second quarterly period following the Quarterly Reporting Period (the “Quarterly Payment Period”).

  • Other than the payment of the P-OEM Expenses solely as set forth herein, and 4 [Assignment and subrogation issues under review.] payment of the Adjusted Base Claim Amounts, the P-OEM shall have no obligation to pay any other costs or expenses associated with the PSAN PI/WD Trust.

  • The “Final Claims Payment” for each Class Member is the Base Claim, subject to the FTC Payment Reduction and the Pro Rata Reduction.

  • Additionally, the Creditor Trustee shall provide the agents for the Other Distributees notice when the holders of Allowed General Unsecured Claims and Allowed 2015 Notes Claims have received aggregate distributions under the Plan, the Lender Litigation Settlement, the Creditor Trust, and this Creditor Trust sufficient to pay such holder 85% of the Allowed Base Claim Amounts in Cash and Class A Shares.

  • Calculation of the Base Claim amount is described in more detail in Section XIII.F, below.

  • A Class Member’s Base Claim will be reduced by the amount paid (if any) to the Class Member from an FTC Fund by the FTC Distribution Deadline to yield the Adjusted Base Claim.

  • Additionally, the Litigation Trustee shall provide the agents for the Other Distributees notice when the holders of Allowed General Unsecured Claims and Allowed 2015 Notes Claims have received aggregate distributions under the Plan, the Lender Litigation Settlement Agreement and the Lender Litigation Settlement Approval Order, the Creditor Trust, and this Litigation Trust sufficient to pay such holder 85% of the Allowed Base Claim Amounts in Cash and Class A Shares.


More Definitions of Base Claim

Base Claim has the meaning set forth in Section 7.2(b).
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Related to Base Claim

  • Administrative Expense Claim means any right to payment constituting a cost

  • Secured Claim means a Claim: (a) secured by a valid, perfected, and enforceable Lien on collateral to the extent of the value of such collateral, as determined in accordance with section 506(a) of the Bankruptcy Code or (b) subject to a valid right of setoff pursuant to section 553 of the Bankruptcy Code.

  • Adverse Claim means a lien, security interest, charge or encumbrance, or other right or claim in, of or on any Person’s assets or properties in favor of any other Person.

  • Administrative Claim means a Claim for costs and expenses of administration of the Chapter 11 Cases pursuant to sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs and expenses incurred on or after the Petition Date until and including the Effective Date of preserving the Estates and operating the Debtors’ businesses; and (b) Allowed Professional Fee Claims.

  • 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.