Employee Priority Claim definition

Employee Priority Claim means a claim held by an employee that is entitled to priority under section 507(a)(4) or (5) of the Bankruptcy Code.
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Employee Priority Claim means of the following Claims of Employees:
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Employee Priority Claim means all unpaid amounts, if any, provided for in Section 6(5)(a) of the CCAA;
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Examples of Employee Priority Claim in a sentence

  • On the Effective Date, applicable Just Energy Entities shall pay or cause to be paid in full all Employee Priority Claims due and accrued to the Effective Date, to each holder of an Employee Priority Claim to the full amount of his, her, or their respective Employee Priority Claim.

  • The Allowed Employee Priority Claim filed by the Commissioner of Labor of the State of Connecticut in the amount of $18,040.93 shall be paid in cash in full within ten (10) days after the Effective Date to the extent, if any, not already paid.

  • The other Allowed Employee Priority Claim filed by the Commissioner of Labor of the State of Connecticut, in the amount of $4,799.21, shall bear interest at a rate of 7% per annum from the Effective Date and shall be paid in full in equal monthly installments of principal and interest, commencing one month following the Effective Date and continuing in one-month intervals, such that each payment is made one month after the immediately preceding payment, until November, 2003.


More Definitions of Employee Priority Claim

Employee Priority Claim means any of the following Claims of any employees and former employees of the Petitioners, or either of them:
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Employee Priority Claim means any Claim for (a) accrued and unpaid wages and vacation pay owing to an employee of any of the Just Energy Entities whose employment was terminated between the Filing Date and the Effective Date; and (b) unpaid amounts provided for in section 6(5)(a) of the CCAA.
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Employee Priority Claim means any Claim under Sections 507(a)(4) or 507(a)(5) of the Bankruptcy Code.
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Related to Employee Priority Claim

  • Other Priority Claim means any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • DIP Claim means all Claims held by the DIP Lender under the DIP Facility Term Sheet, the DIP Facility, or the Financing Orders, which includes Claims for all principal amounts outstanding of up to $9,000,000 (subject to increase pursuant to the Financing Final Order), plus interest pursuant to the terms of the DIP Facility Term Sheet and the Financing Orders.

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • 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;

  • Section 510(b) Claim means any Claim against the Debtors arising from rescission of a purchase or sale of a security of the Debtors or an Affiliate of the Debtors, for damages arising from the purchase or sale of such a security, or for reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of such a Claim.

  • Priority Tax Claim means any Claim of a Governmental Unit of the kind specified in section 507(a)(8) of the Bankruptcy Code.