Insider Claim definition

Insider Claim means any Claim asserted by Insiders of the Debtors, including but not limited to any Claim asserted by Highland or any Affiliate thereof, unless otherwise indicated in the Plan.

Insider Claim means any Claim filed by or on behalf of any Insider, regardless of whether such Claim is held by an Insider or an assignee of an Insider.

Insider Claim means any Unsecured Claim (other than a Senior Secured Claim) of an insider (as defined in section 101 of the Bankruptcy Code) or Affiliate of any Debtor.

Examples of Insider Claim in a sentence

• All Avoidance Actions and other Causes of Action against any Creditor holding an Objecting Insider Claim are expressly preserved.

• Notwithstanding anything to the contrary set forth herein, as of the Effective Date the Liquidating Trustee shall be deemed to have released all Avoidance Actions against: (a) the Bank; and (b) any party who (i) does not hold an Insider Claim, and (ii) provided goods or services to the Debtor in the ordinary course of the Debtor’s business.

• Each holder of an Allowed Insider Claim shall receive, in full and complete satisfaction and discharge of its Insider Claim, its Ratable Proportion of one dollar ($1) and, in the event a Qualifying Transaction closes pursuant to which holders of Fixed Senior Secured Claims and holders of all other Unsecured Claims (other than Intercompany Claims) are paid in full, all Excess Proceeds not distributed to holders of Unsecured Claims.

• Each holder of a Class 4 Insider Claim is deemed to reject the Plan.

• The bar dates for the filing of General Unsecured Claims and Insider Claims were September 29, 2017, for a General Unsecured Claim or Insider Claim against Q4, and May 7, 2018 for a General Unsecured Claim or Insider Claim against Stratitude.

More Definitions of Insider Claim

Insider Claim means any Unsecured Claim against either Debtor, arising before the respective Petition Date of such Debtor, that is not a Professional Fee Claim, Administrative Claim, Priority Non-Tax Claim, Priority Tax Claim or General Unsecured Claim.

Insider Claim means any Unsecured Claim (other than a Senior Secured Claim) of an insider (as defined in section 101 of the Bankruptcy Code) or Affiliate of any Debtor other than a Claim of any employee or former employee of any Debtor.

Insider Claim means a Claim held by an Insider or Affiliate, but not including Administrative Claims held by HS arising out of the ordinary course of business between Debtor and HS, nor any rights of any Insider to unpaid post-petition compensation.

Insider Claim means a General Unsecured Claim held by an Insider, and shall include without limitation any General Unsecured Claims asserted by Vibrant FW and Jefe Plover, including the Jefe Plover Claim.

Insider Claim means a Claim asserted or assertable by any Insider of the Debtors.

Insider Claim means any Claim of an Insider, as that term is defined in section 101(31) of the Bankruptcy Code, which was scheduled or filed in the Chapter 11 Case of a Debtor.

Insider Claim means each of those Claims listed on Schedule F of the Debtor’s Schedules in favor of Tri Land Properties, Inc. (in the amount of $472,369.07), Tri-Land Holdings, Inc. (in the amount of $364,002.00), and T-L Catonsville Pro, LLC (in the aggregate amount of $187,294.52), totaling $1,023,665.59 in the aggregate.