Examples of General Administrative Expense in a sentence
For the avoidance of doubt, holders of a General Administrative Expense shall not be required to file a request for payment of a claim with the Bankruptcy Court.
June 6, 2014- 500,000 Common Restricted Shares issued @ par to Bethany Sherman for General Administrative Expense.
In addition, the limited certification authorisation is subject to the MOE containing procedures to address the personnel requirements of EMAR 145.A.30(e) and associated AMC and GM.
First, Article II.A of the Plan satisfies Bankruptcy Code section 1129(a)(9)(A) because it provides that each holder of an Allowed General Administrative Expense will receive Cash equal to the Allowed amount of such General Administrative Expense on the Effective Date (or, if payment is not then due, then in the applicable Debtor’s ordinary course of business).
The NET limits the amount of General Administrative Expense for a grant.
Provide a description of what costs are included in the General Administrative Expense fee.
In such event, it isUnclassified Category 1 General Administrative Expense Claims, Unclassified Category 2 Allowed Professional Fees, Unclassified Category 3 U.S. Trustee’s Fees, Unclassified Category 4 Priority Tax Claims, Unclassified Category 5 20-Day Vendor Claims (the Debtor does not believe there are any such claims), Class 1 Non-Tax Priority Claims (the Debtor does not believe there are any such claims), Class 2 Secured Claim, Class 3 General Unsecured Claims, and Class 4 Equity Interests.
The Reorganized Debtors may also choose to object to any General Administrative Expense Claim no later than sixty (60) days from the Administrative Expense Claims Bar Date, subject to extensions by the Bankruptcy Court, agreement in writing of the parties, or on motion of a party in interest approved by the Bankruptcy Court.
In the event that the Debtors or Reorganized Debtors, as applicable, object to a General Administrative Expense Claim, the parties may confer to try to reach a settlement and, failing that, the Bankruptcy Court will determine whether such General Administrative Expense Claim should be Allowed and, if so, in what amount.
Unless the Debtors or Reorganized Debtors (or other party with standing), as applicable, object to a timely Filed and properly served General Administrative Expense Claim, such General Administrative Expense Claim will be deemed Allowed in the amount requested.