Ordinary Claim definition

Ordinary Claim means a Claim that meets (1) or (2) or both below.
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Ordinary Claim means a Claim which does not relate to Non-OGSC Eligible Trade Finance Debt, Official Government Sector Debt or Excluded Debt;
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Ordinary Claim means any Claim in existence on July 20, 1998, other than an Unaffected Claim, a Transfusion Claim or an HIV Claim;
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Examples of Ordinary Claim in a sentence

  • A claim will be considered an "Ordinary Claim" if all three of the following are true: (1) the only remedy being sought for the claim is monetary damages; (2) the recovery being sought for the claim is less than $25,000, excluding interest and costs; and (3) the only parties to litigation to resolve the claim will be you, and Bank.

  • For greater certainty, no amount will be paid on account of interest on an Ordinary Claim for any period after July 20, 1998.

  • Received (Date Stamp)Reserved for Office Use:Claim admitted for voting purposes: Signed: Date: / / Claim rejected for voting purposes:Signed:Date: / / Claim rejected for payment:Signed:Date: / / Claim admitted for payment: Preferential Claim for: Ordinary Claim for: Deferred claim for: $ $ $ Signed LiquidatorDated: Note: If the decision to admit or reject a claim is amended, regulation 8 of the Companies Act 1993 Liquidation Regulations 1994 requires that it be recorded in writing.

  • Ordinary Creditors who are not Class Members shall be entitled to receive a distribution only from the Bankruptcy Consideration based upon the amount of their Ordinary Claim upon such becoming a Proven Claim.

  • Any (i) Ordinary Creditor who has not submitted a Proof of Claim in accordance with the Ordinary Claims Order, or (ii) Person whose Ordinary Claim has been rejected by the Society and has not delivered a Dispute Notice in accordance with the Ordinary Claims Order shall not be entitled to any distribution under the Plan and such Person shall be forever barred from asserting, in the former case, any Ordinary Claim, and in the latter case, the Ordinary Claim.

  • For voting purposes, each Creditor’s Claim shall be valued at an amount that is equal to the Proven Claim for the amount of the Creditor’s Ordinary Claim, the whole subject to the Claims and Meeting Order.

  • Upon distribution by the Trustee of the balance of the Priority Creditor Cash Amount as contemplated in Section 4.2(b), And the Determination of the Prescribed Interests of Ordinary Creditors in the Tax Loss Variable Note following the Ordinary Claim Determination Date, the Trustee shall have discharged its duties as Trustee, the Proposal shall be fully performed and the Trustee shall be entitled to apply for its discharge as Trustee hereunder.

  • With respect to the distributions made by LBT, reference is made to the ISIN-by- ISIN distribution reports available on the LBT Website.6 These reports state the distribution amount paid on each ISIN as well as on each Other Ordinary Claim.

  • Class Members shall be entitled to receive distributions from both: 1- the Bankruptcy Consideration, based upon the amount of their Ordinary Claim upon such becoming a Proven Claim; and, 2- the Settlement Consideration, based upon the amount which has become a Proven Claim for the Net Capital or, if applicable, the amount in the Revision Notice or the decision of the CCAA Court on the Claim Appeal Motion.

Related to Ordinary Claim

  • Necessary Claims means claims of any patent or patent application, other than design patents and design registrations, in any jurisdiction in the world: (a) for which a GAIN POC Member has the right, at any time when this Policy is effective, to grant licenses or rights of the nature granted herein without such grant resulting in payment of royalties or other consideration to third parties (except for payments to Related Entities or employees); and (b) that are necessarily infringed by Compliant Portions of a particular Implementation. A claim is necessarily infringed hereunder only when such infringement could not have been avoided by another commercially reasonable non- infringing implementation of Compliant Portion(s) of that particular Implementation based on the state of the art when the applicable Final Specification is/was deemed final (or when the Implementers Draft was approved, as applicable), in accordance with the applicable OpenID Process. “Necessary Claims” do not, however, include any claims of any patent or patent application that read on: (x) any enabling technologies that may be necessary to make or use any product or service (or portion of either) that complies with an Implementers Draft or Final Specification, but that are not themselves expressly set forth in such Implementers Draft or Final Specification; (y) the implementation of other published standards not developed by or for the OpenID Foundation; or (z) any portion(s) of any product or service (or any combination of such portion(s)) the sole purpose or function of which is not required to comply with an Implementers Draft or Final Specification.;

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Approved Claim means a Claim Form submitted by a Settlement Class Member that: (a) is submitted timely and in accordance with the directions on the Claim Form and the provisions of the Settlement Agreement; (b) is fully and truthfully completed by a Settlement Class Member with all of the information requested in the Claim Form; (c) is signed by the Settlement Class Member, physically or electronically; and (d) is approved by the Settlement Administrator pursuant to the provisions of this Agreement.

  • Secured Claim means a Claim: (a) secured by a valid, perfected, and enforceable Lien on collateral to the extent of the value of such collateral, as determined in accordance with section 506(a) of the Bankruptcy Code or (b) subject to a valid right of setoff pursuant to section 553 of the Bankruptcy Code.

  • Unsecured Claim means a Claim that is not an Administrative Claim, a Priority Tax Claim, a Priority Claim, or a Secured Claim.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • 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;

  • Covered Claim means either a Provider Covered Claim or Customer Covered Claim.

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.

  • Administrative Claim means a Claim for costs and expenses of administration of the Chapter 11 Cases pursuant to 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 until and including the Effective Date of preserving the Estates and operating the Debtors’ businesses; (b) Allowed Professional Fee Claims; and (c) all payments afforded administrative expense treatment under the Backstop Agreement.

  • Allowed Secured Claim means all or that portion of a Secured Claim which is an Allowed Claim.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Settlement Lien means any Lien relating to any Settlement or Settlement Indebtedness (and may include, for the avoidance of doubt, the grant of a Lien in or other assignment of a Settlement Asset in consideration of a Settlement Payment, Liens securing intraday and overnight overdraft and automated clearing house exposure, and similar Liens).

  • 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.

  • Preference Claim As defined in Section 4.02 hereof.

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

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Approved Claims means complete and timely claims, submitted by Settlement Class Members, that have been approved for payment by the Settlement Administrator.

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.

  • De Minimis Claim has the meaning set forth in Section 7.4(a).

  • Asbestos claim means any claim, wherever or whenever made, for damages, losses, indemnification, contribution, or other relief arising out of, based on, or in any way related to asbestos, including:

  • Allowed Claim means an Allowed Claim of the type described.

  • Insolvency Proceeds has the meaning specified in Section 10.1(b).

  • Insured Amount As defined in the Policy.

  • Tax Claim has the meaning set forth in Section 6.05.

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;