Liquidation Claim definition

Liquidation Claim shall have the meaning set forth in Section 12.02.
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Liquidation Claim means the claim of each Holder of any series of Securities then Outstanding in a liquidation proceeding (seisan) with respect to the Issuer (excluding a special liquidation proceeding (tokubetsu seisan)), in an amount equal to the Current Principal Amount of such series of Securities held by such Holder on the date on which such claim becomes due and payable pursuant to the subordination provisions in this Article 12, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (excluding any amounts that shall have become due and payable prior to the occurrence of a Liquidation Event and remain unpaid).
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Liquidation Claim means the claim of each Holder of the Securities then outstanding in a liquidation proceeding (seisan) with respect to the Company (excluding a special liquidation proceeding (tokubetsu seisan)), in an amount equal to the Current Principal Amount (as defined below) of the Securities held by such Holder on the date on which such claim becomes due and payable pursuant to the subordination provisions as provided in Article 12 of the Indenture, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (unless cancelled in accordance with the terms set forth in Article 3 of the Indenture) and any Additional Amounts (as defined below), if any, excluding any amounts that have become due and payable prior to the occurrence of a Liquidation Event and remain unpaid.
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Examples of Liquidation Claim in a sentence

  • Payments made in respect of a Liquidation Claim shall not exceed the applicable Liquidation Distributable Amount.

  • Summer staff can assist students by initiating a work order for maintenance staff.

  • For so long as such Liquidation Event continues, no payments in respect of a Liquidation Claim shall be made unless and until a Condition for Liquidation Payment (as defined below) shall have occurred.

  • For so long as such Liquidation Event continues, no payments in respect of a Liquidation Claim shall be made unless and until a Condition for Liquidation Payment shall have occurred.

  • Upon the occurrence and continuation of a Liquidation Event, Holders of the Securities shall have a Liquidation Claim, payment of which is subject to the subordination provisions as provided in Article 12 of the Indenture.

  • You should provide a list of all of the documents you are submitting and attach it with the documents to the Liquidation Claim Form.

  • It is therefore advisable to submit an original of your Liquidation Claim Form.

  • If a Liquidation Event has occurred, and so long as any such Liquidation Event shall continue, each Holder of Securities will only have a Liquidation Claim (as defined below).

  • At any time prior to the payment of a Liquidation Claim in accordance with the subordination provisions herein, a Liquidation Claim shall be subject to a Going Concern Write-Down or the Write-Down and Cancellation upon the occurrence of a Capital Ratio Event, Non-Viability Event or Bankruptcy Event, as the case may be.

  • Where can I obtain the Proof of Claim or Proof of Interest (CLAIM)?PAK Liquidation Claim Forms can be obtained from the PAK Headquarters (Pristina) reception or PAK Regional Offices in Prishtina, Prizren, Mitrovicë, Pejë and Gjilan.


More Definitions of Liquidation Claim

Liquidation Claim means the claim of each holder of any series of Securities then outstanding in a liquidation proceeding (seisan) with respect to the Company (excluding a special liquidation proceeding (tokubetsu seisan)), in an amount equal to the Current Principal Amount of such series of Securities held by such holder on the date on which such claim becomes due and payable pursuant to the subordination provisions herein, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (unless cancelled in accordance with the terms set forth in Section 3.10 or Section 3.11) and any Additional Amounts, if any, excluding any amounts that have become due and payable prior to the occurrence of a Liquidation Event and remain unpaid.
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Liquidation Claim means the claim of each holder of the notes then outstanding in a liquidation proceeding (seisan) with respect to us (excluding a special liquidation proceeding (tokubetsu seisan)), in an amount equal to the Current Principal Amount (as defined below) of the notes held by such holder on the date on which such claim becomes due and payable pursuant to the subordination provisions of the notes, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (excluding any amounts that shall have become due and payable prior to the occurrence of a Liquidation Event and remain unpaid).
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Liquidation Claim means the claim of each Holder of this Security then outstanding in a liquidation proceeding (seisan) with respect to the Company (excluding a special liquidation proceeding (tokubetsu seisan)), in an amount equal to the Current Principal Amount of this Security held by such Holder on the date on which such claim becomes due and payable pursuant to the subordination provisions as provided in Article 12 of the Indenture, plus any accrued and unpaid interest thereon to, but excluding, the date on which the Liquidation Event occurs (unless cancelled in accordance with the terms set forth in Article 3 of the Indenture) and any Additional Amounts , if any, excluding any amounts that have become due and payable prior to the occurrence of a Liquidation Event and remain unpaid.
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Related to Liquidation Claim

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

  • Unsecured Claim means any Claim that is not a Secured Claim.

  • Liquidation means the distributions of the Trust Account to the Public Stockholders in connection with the redemption of the Common Stock held by the Public Stockholders pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation, as amended, if the Company fails to consummate a Business Combination with the time period provided therein.

  • Administrative Claim means a Claim for costs and expenses of administration of the Estates under sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs and expenses incurred on or after the Petition Date of preserving the Estates and operating the businesses of the Debtors; (b) Allowed Professional Fee Claims in the Chapter 11 Cases; and (c) all fees and charges assessed against the Estates under chapter 123 of title 28 of the United States Code, 28 U.S.C. §§ 1911-1930.

  • 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.

  • Liquidation Event With respect to any Mortgage Loan, any of the following events: (i) such Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made as to such Mortgage Loan; or (iii) such Mortgage Loan is removed from REMIC I by reason of its being purchased, sold or replaced pursuant to or as contemplated by Section 2.03, Section 3.16(a) or Section 9.01. With respect to any REO Property, either of the following events: (i) a Final Recovery Determination is made as to such REO Property; or (ii) such REO Property is removed from REMIC I by reason of its being purchased pursuant to Section 9.01.

  • Subordinated Claims shall have the meaning set forth in Section 3.6(c)(i) hereof.