BP Claim definition

BP Claim means the claim of C.G. Railway, Inc. (Claim No. 154805) asserted in the Deepwater Horizon Economic and Property Damages Settlement.
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BP Claim means any Claim arising from or related to: (a) that certain terminated electricity price hedge pursuant to that certain ISDA Master Agreement, dated as of March 29, 2011, and a confirmation dated May 29, 2012, by and between Longview Power and BP Energy Company; or (b) that certain accession agreement, dated as of June 20, 2012, by and between Longview Power, BP Energy Company, and MUFG Union Bank, N.A.
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BP Claim means collectively, any all claims (including any cross-claims or counterclaims), causes of action, charges, complaints, litigation, demands, summons, subpoenas, inquiries, grievances, investigations, and disputes by United States Pipe and Foundry Company, LLC (or any other Company) relating to, arising from, or otherwise in connection with the Deepwater Horizon oil spill on or about April 20, 2010 involving BP, including, without limitation the claims made by United States Pipe and Foundry Company, LLC on or about April 22, 2014 pursuant to that certain Deepwater Horizon Economic and Property Settlement Business Economic Loss Claim Form and that certain Deepwater Horizon Economic and Property Settlement Start-Up Business Economic Loss Claim Form.
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Examples of BP Claim in a sentence

  • PHI filed the BP Claim for approximately $53,000,000.00, and it is currently pending.

  • Similarly, the Debtors do not account for the BP Claim on their financial statements.

  • In any event, if the Class 4 and Class 5 creditors are paid in full, any net recovery incident to eighty percent (80%) of the BP Claim, twenty percent (20%) of the Oil Spill Claim or one hundred percent (100%) of the Litigation Trust Claim shall be paid pro-rata to all Class 6 Members.

  • BP Claim – In December 2012 and February 2013, the Company submitted Business Economic Loss claims totaling $22.6 million to the BP Settlement Fund in accordance with the Deepwater Horizon Court-Supervised Settlement Program.

  • As will be discussed in more detail below, no such sixty-day, or any, “gap period” protection exists for claims of non-dischargeability of a debt brought under § 523(a).On January 12, 2021, three years and four months after it learned of the Debtors’ use of the BP Claim Proceeds to pay attorney’s fees, SEPH filed its Second Amended Complaint, which included for the first time allegations regarding the same.

  • They shall also receive ninety percent (90%) of the net proceeds of the BP Claim.

  • If Welch believed that SEPH did not have a security interest in the Neverve BP Claim Proceeds, as he now contends, it would appear to the Court that such might be a factor into Welch’s motive for both disclosure or non- disclosure of his fees.

  • The Company’s assets consist of the following: Total Value of Debtor’s Real Property$ 11,645,721.00Refrigerators in apartments3,500.00Stoves in apartments2,625.00Laundry room equipment2,000.00Funds in Hancock Bank Business Checking Account2915.56Estimated value of BP Claim of Haydel Properties44,000.00 Total Value of Assets $11,716,761.56 2.

  • The IRS was not a party to any agreement to designate the BP Funds in this manner.Due to the past-due taxes, the IRS issued a notice of levy on the BP Claim in February 2015 (the “Notice of Levy”).

  • Holders of Class 4 Interests shall receive $150,000.00, retain their Interests and ninety percent (90%) of the net proceeds of the BP Claim.


More Definitions of BP Claim

BP Claim means the claim filed by the Company and its Subsidiaries with the Deepwater Horizon Claims Administrator.
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BP Claim means the claim of C.G. Railway, Inc. (Claim No. 154805)
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BP Claim means the Claim filed by the Debtor under the Deepwater Horizon claims settlement administered by the Deepwater Horizon Claims Office.
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BP Claim means any Claim arising from or related to: (a) that certain terminated electricity price hedge pursuant to that certain ISDA Master Agreement, dated as of March 29, 2011, and a confirmation dated
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Related to BP Claim

  • IP Claim means a Claim made against you by a third party alleging that the Stripe Technology, Services or a Stripe Mark provided to and used by you in accordance with this Agreement infringes or misappropriates the IP Rights of the third party making the Claim, excluding Claims made by Connected Accounts.

  • DIP Claim means a Claim of the DIP Agent or DIP Lenders arising under the DIP Credit Agreement or any of the DIP Orders, including Claims for payment of DIP Expenses.

  • 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;

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • 503(b)(9) Claim means a Claim or any portion thereof entitled to administrative expense priority pursuant to section 503(b)(9) of the Bankruptcy Code.

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

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • 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.

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

  • Settled claim means the original tort claim resolved by a structured settlement.

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Third Party IP Claim has the meaning given to it in clause E8.7 (Intellectual Property Rights).

  • Fraud Claim means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.

  • D&O Claim means any right or claim of any Person against one or more of the Directors and/or Officers howsoever arising on or before the D&O Bar Date, for which the Directors and/or Officers, or any of them, are by statute liable to pay in their capacity as Directors and/or Officers or which are secured by way of any one of the Directors’ Charges;

  • Unsecured Claim means a Claim that is not an Administrative Claim, a Priority Tax Claim, a Priority Claim, or a Secured 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.

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

  • Indemnified Claim has the meaning set forth in Section 8.2.

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.

  • Allowed Claim means an Allowed Claim of the type described.

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

  • Covered Claim means either a Provider Covered Claim or Customer Covered Claim.

  • Payment Claim means the claim for payment made by the Contractor in accordance with this Contract.

  • 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; (b) Allowed Professional Fee Claims; and (c) all payments afforded administrative expense treatment under the Backstop Agreement.

  • 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:

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.