Critical Vendor Order definition

Critical Vendor Order means either or both of the Bankruptcy Court's November 20, 2002 Interim Order and the December 5, 2002 Final Order approving the Debtors' Expedited Motion For Authority To Pay Prepetition Claims Of Critical Vendors.

Critical Vendor Order means the order of the Bankruptcy Court, dated October 6, 2000, which authorized, but did not require, the Debtors to pay the pre-petition claims of certain critical suppliers of raw and processed materials, goods and services with whom the Debtors continued to do business and whose material, goods and services were essential to the Debtors' business operations.

Critical Vendor Order means an order of the Bankruptcy Court authorizing the Debtors to pay the prepetition Claim of a creditor (which may include one or more vendors or retail agents) the Debtors (with the consent of the First Lien Agents and First Lien Lenders) have determined is a “critical vendor.”

Examples of Critical Vendor Order in a sentence

• A total of $9.7 million of the Aggregate Permitted Amount is allocated solely for payment to Tier 1 Vendors (as defined in the Final Critical Vendor Order) without further Court authorization or any additional consent required prior to distribution.

• Payments scheduled to be made by the Debtors pursuant to the Trade Agreement and Critical Vendor Order shall continue to be made by the Reorganized Debtors following the Effective Date.

• An additional $5.3 million of the Aggregate Permitted Amount is allocated solely for payment to Tier 2 Vendors (as defined in the Final Critical Vendor Order); however, the Debtors are authorized to make such payments only with the consent of the Creditors’ Committee as to both (i) the amount of such payments and (ii) the specific Critical Vendors to be paid.

• Nothing in the Critical Vendor Order required Debtors to pay Vista in full for its pre- petition invoices.

• In other words, a transfer to Vista of $217,410.00 made pursuant to the Critical Vendor Order is more similar to the transfer contemplated in Zenith (valued at over 50% of the Essential Vendor Order cap) than to the transfer contemplated in AFA (valued at less than one-half of 1% of the Essential Suppliers Order cap.Fourth, and most importantly, the authority granted the Debtors under the Critical Vendor Order was discretionary.

More Definitions of Critical Vendor Order

Critical Vendor Order means an order by the Bankruptcy Court authorizing the Debtors to make certain payments on account of prepetition obligations to each of the following movie studios: Sony Pictures Home Entertainment Inc., Warner Bros. Home Entertainment Inc., Twentieth Century Fox or any affiliate of the foregoing, on terms acceptable to the Debtors and a Supermajority of Consenting Noteholders.

Critical Vendor Order means the Order (I) Authorizing the Debtors to Pay Certain Critical Vendors, (II) Confirming Administrative Expense Priority of Outstanding Purchase Orders and (III) Granting Related Relief, which was recognized and given full force in Canada pursuant to the Supplemental Order.

Critical Vendor Order means the order entered by the Bankruptcy Court on December 28, 2004, as supplemented by a stipulation and supplemental agreed order entered by the Bankruptcy Court on March 25, 2005, which approved payments to the Critical Vendors.

Critical Vendor Order means the interim order entered by the Bankruptcy Court on January 20, 2011 [Docket No. 43] and any final order with respect thereto.

Critical Vendor Order means any Final Order approving the Debtors' request (whether by way of a motion to pay prepetition trade claims in the ordinary course, a motion to pay claims of critical vendors or otherwise), to pay substantially all prepetition, fixed, liquidated and undisputed Claims of certain suppliers of materials, equipment, goods and services with whom the Debtors continue to do business and whose materials, equipment, goods and services the Debtors deem essential, necessary or critical to the operation of their businesses and/or their ability to reorganize under chapter 11 of the Bankruptcy Code.

Critical Vendor Order means each order of the Bankruptcy Court approving the payment of pre-petition debt of one or more essential vendors of the Borrowers, PROVIDED that (a) each such order is in form and substance satisfactory to the Agent and (b) with respect to each such vendor the Parent has established (i) that the payment of such debt is necessary in order to obtain continued financing from such vendor, (ii) such vendor has agreed to provide such continued financing on terms no less favorable and in an amount not less than the terms and amount, respectively, provided to the relevant Borrowers prior to the Filing Date and (iii) the sum of (x) the aggregate amount of pre-petition debt owing from time to time by the Borrowers to all of their essential vendors after the Filing Date PLUS (y) the aggregate amount of post-petition debt owing from time to time by the Borrowers to all of their essential vendors is not less than the aggregate amount of pre-petition debt owed by the Borrowers to all of their essential vendors as of the Filing Date.

Critical Vendor Order means the Order (I) Authorizing the Debtors to Pay Certain Critical Vendors, (II) Confirming Administrative Expense Priority of Outstanding Purchase Orders and (III) Granting Related Relief [Docket No. 67].