Ongoing Trade Claims definition

Ongoing Trade Claims means unsecured Claims that are fixed, liquidated, and undisputed payment obligations to third-party providers of goods and services to the Debtors that facilitate the Debtors’ operations in the ordinary course of business and will continue to do so after the Effective Date, as determined by the Debtors with the consent of the Plan Sponsor; for the avoidance of doubt, each holder of an Ongoing Trade Claim shall receive a Ballot for Class 5 as part of the Solicitation Package (as defined in the Disclosure Statement Order).
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Ongoing Trade Claims means any General Unsecured Claim held by a party that, prior to the Effective Date, has executed a trade agreement with the Debtors that expressly designates such party as a holder of an Ongoing Trade Claim and that provides for continuity of goods and/or services to be provided to the Reorganized Debtors for a period of at least [ ] days following the Effective Date on terms no less favorable to the Reorganized Debtors than those in place for the year prior to the Petition Date, except as otherwise agreed to by the Debtors and the Super-Majority Consenting Term Loan Lenders; provided, that the written consent of the Super-Majority consenting Term Loan Lenders (email shall suffice) shall be required in order to designate any Claim in an amount greater than $[ ] as an Ongoing Trade Claim.
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Ongoing Trade Claims means, as determined by the Debtors with the consent of the Plan Sponsor, unsecured Claims that are fixed, liquidated, and undisputed payment obligations to third-party providers of goods and services to the Debtors that facilitate the Debtors’ operations in the ordinary course of business and will continue to do so after the Effective Date.
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Examples of Ongoing Trade Claims in a sentence

  • Class 6-A is Impaired, and the holders of Allowed Ongoing Trade Claims are entitled to vote to accept or reject the Plan.

  • In addition, holders of Claims in Class 4 (Term Loan Secured Claims), Class 5 (IPCo Notes Claims), Class 6-A (Ongoing Trade Claims), or Class 6-B (Other General Unsecured Claims) may also vote to reject the Plan.

  • On the Effective Date, provided that Class 5 votes to accept the Plan, Cash in an amount of$350,000 shall be funded by BidCo by wire transfer in immediately available funds to an account or accounts designated in writing by the Debtors before the Effective Date to fund the Ongoing Trade Claims Recovery Pool.

  • The Plan provides that except as otherwise required by law (as reasonably determined by the Reorganized Debtors), distributions with respect to Allowed Term Loan Secured Claims, IPCo Notes Claims, Ongoing Trade Claims, or Other General Unsecured Claims are allocable first to the principal amount of such Allowed Claims (as determined for U.S. federal income tax purposes) and, thereafter, to the remaining portion of such Allowed Claims, including any Allowed Claim for accrued but unpaid interest, if any.

  • Birds on treatments 4 and 5(0.8litre of NLE + 4 litre of water and 1.2litre of NLE + 4 litre of water) had significantly (p<0.05) higher FBW than birds on other treatments which had similar FBW values (p>0.05).

  • In accordance with section 1126(f) of the Bankruptcy Code, the holders of Allowed Ongoing Trade Claims are conclusively presumed to accept this Plan and are not entitled to vote to accept or reject the Plan, and the votes of such holders will not be solicited with respect to such Allowed Ongoing Trade Claims.

  • If a partnership or other entity or arrangement taxable as a partnership for U.S. federal income tax purposes holds such Term Loan Secured Claims, IPCo Notes Claims, Ongoing Trade Claims, Other General Unsecured Claims, New Common Shares or, if applicable, the Joinder Right or New Warrants, the tax treatment of a partner in such partnership generally will depend upon the status of the partner and the activities of the partnership.

  • For the avoidance of doubt, the Ongoing Trade Claims Recovery Pool shall be funded from the Additional SoftBank Consideration, and shall not be funded out of the Global Unsecured Settlement Distribution Amount.

  • Pursuant to the Plan, the Plan Administrator is authorized and empowered to, among other things, prosecute and resolve objections to General Unsecured Claims, Ongoing Trade Claims and Convenience Class Claims.

  • As described in and evidenced by the Voting Report, Claims in Class 1 (Secured Notes Claims), Class 4 (General Unsecured Claims), Class 5 (Ongoing Trade Claims), and Class 10 (Convenience Claims) are Impaired under the Plan, and each of these Classes has voted to accept the Plan by the numbers and amounts of Claims required by section 1126 of the Bankruptcy Code.


More Definitions of Ongoing Trade Claims

Ongoing Trade Claims means all Claims that would otherwise constitute General Unsecured Claims directly relating to and arising solely from the receipt of goods or services by the Debtors arising with and held by Persons with which the Debtors are conducting business as of the Petition Date and with which the Debtors will continue to conduct business on and after the Effective Date.
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Ongoing Trade Claims means those certain claims held by creditors that (A) the applicable Debtors have determined are essential to the continued operation of their respective business and (B) have agreed to provide goods or services (as applicable) to the applicable Debtors on substantially the same or more favorable terms as those that existed as of the Petition Date, as
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Related to Ongoing Trade Claims

  • Final Approval Order means the order and final judgment approving the Settlement Agreement, implementing the terms of this Settlement Agreement, and dismissing the Class Action with prejudice, to be proposed by the Settling Parties for approval by the Court, in substantially the form attached as Exhibit 5 hereto.

  • DIP Claims means, collectively, the DIP ABL Claims and the DIP Term Loan Claims.

  • continuing professional development means the continuing professional development contemplated in section 32;

  • Final Approval Hearing means the hearing before the Court where the Parties will request the Final Judgment to be entered by the Court approving the Settlement Agreement, the Fee Award, and the incentive award to the Class Representative.

  • Ordinary Course Professionals Order means any order of the Bankruptcy Court permitting the Debtors to retain certain professionals in the ordinary course of their businesses.

  • Company Licensed Intellectual Property means all Intellectual Property that is licensed to the Company or a Subsidiary by any third party.

  • Chemical dependency professional means a person certified as a chemical dependency professional by the department of health under chapter 18.205 RCW.

  • Prior Claims means the Competing Claims to which the Authority’s right to the Building Aid is subordinated by the School Financing Act.