Critical Vendor. A ‘critical vendor,’ as such term is defined in the Bankruptcy Code, under which the debtor seeks authority to make payment of all or a significant portion of certain vendors’ unpaid pre-petition claims.
Critical Vendor. As defined in Section 2.4(a).
Critical Vendor shall have the meaning set forth in Section 8(a).
Examples of Critical Vendor in a sentence
Such harm would likely far outweigh the cost of payment of the Critical Vendor Claims.
Nothing herein shall constitute a waiver of the Debtors’ rights to seek damages or other appropriate remedies against any breaching Critical Vendor.
In addition, the Debtors reserve the right to seek damages or other appropriate remedies against any breaching Critical Vendor.
Payment of the Critical Vendor Claims meets each element of the CoServ court’s standard.
Indeed, failure to pay Critical Vendor Claims may result in Critical Vendors ceasing to do business with the Debtors altogether.
More Definitions of Critical Vendor
Critical Vendor means a Person who holds a Claim against a Borrower on the Petition Date and whose ongoing provision of goods or services is essential to one or more Borrowers' successful reorganization in the Chapter 11 Cases.
Critical Vendor means an unrelated third party service provider who is allowed access to Client Data by the Licensed Family Trust Company during its engagement with the Licensed Family Trust Company.
Critical Vendor means a Holder of a Claim identified by the Debtors, as a critical vendor, significant to the Debtors’ ability to continue to operate itsbusiness in a cost-effective manner and in the ordinary course of business without undue disruption (which critical vendor identification by the Debtors is subject to the consent rights of the Required Consenting Creditors as described in the definition of “Continuing Trade,” above).
Critical Vendor means a Person who has been identified by the Debtors, in their sole discretion, as a "Critical Vendor", as such term is defined in, and pursuant to, the Debtors' "Motion for an Order Authorizing, But Not Requiring, Debtors to Pay Pre-petition Claims of Critical Vendors Pursuant to 11 U.S.C. Section 105(a)" and the Critical Vendors Order.
Critical Vendor means any third-party Person engaged by the Servicer to service or assist in servicing the Loans or otherwise carrying out its obligations hereunder that either (i) has direct and material interface or contact with Borrowers and/or the Lender (it being agreed that outsourcing the call center function would be material) or (ii) provide staffing that is responsible for the maintaining of information security and/or prevention of breaches of data. “[*****]. “[*****]. CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
Critical Vendor means the Creditors designated as critical vendors on Schedule 1 of the Plan, whose continued good will is necessary for Halker Consulting’s future operations.
Critical Vendor means those creditors which are critical for debtor’s