Ordinary Course Administrative Claim definition

Ordinary Course Administrative Claim means an Administrative Claim that arises in the ordinary course of the Debtors’ operations.

Ordinary Course Administrative Claim means an Administrative Claim

Ordinary Course Administrative Claim means an Administrative Claim with respect to liabilities incurred by a Debtor in the ordinary course of business during the Chapter 11 Cases to the extent due and owing in accordance with the terms and conditions of any agreements relating thereto; provided, however, that in no event shall a post-petition obligation that is contingent or disputed and subject to liquidation through pending or prospective litigation, including, but not limited to, alleged obligations arising from personal injury, property damage, products liability, tenant complaints, employment law (excluding claims arising under workers’ compensation law), secondary payor liability, or any other disputed legal or equitable claim based on tort, statute, contract, equity, or common law, be considered to be an Ordinary Course Administrative Claim.

Examples of Ordinary Course Administrative Claim in a sentence

• Unless the Continuing Estate Representative, the Ad Hoc Committee or a party in interest object to an Ordinary Course Administrative Claim, such Claim will be allowed in accordance with the terms and conditions of the particular transaction that gave rise to the Claim.

• The Continuing Estate Representative, the Ad Hoc Committee, or any other party in interest may File an objection to an Ordinary Course Administrative Claim in their discretion.

• Each Holder of an Administrative Claim (other than an Ordinary Course Administrative Claim, a Section 503(b)(9) Claim, or a Professional Fee Claim) shall file with the Bankruptcy Court by the Administrative Claims Bar Date a request for payment of Administrative Claim by electronic filing, mailing, hand delivering, or delivering by courier service such request for payment of Administrative Claim to the Bankruptcy Court and serve a copy on the Reorganized Debtors and the U.S. Trustee.

• Any party seeking express allowance of an Ordinary Course Administrative Claim may File a motion by the Non-Ordinary Course Administrative Bar Date or forever waives the right to do so.

• Payments will be made without further action by the holder of the Preserved Ordinary Course Administrative Claim.

More Definitions of Ordinary Course Administrative Claim

Ordinary Course Administrative Claim means an Administrative Claim incurred in the ordinary course of business of the Debtor, provided, however, that any due and unpaid, post-petition payments with respect to any rejected, or to be rejected, Executory Contract or Unexpired Lease shall not be an Ordinary Course Administrative Claim.

Ordinary Course Administrative Claim means a Claim for administrative costs or

Ordinary Course Administrative Claim means an Administrative Claim incurred post-petition in the ordinary course of business of the Debtor; provided, however, that any due and unpaid, post-petition payment with respect to rejected, or to be rejected, executory contracts or unexpired leases shall not be an Ordinary Course Administrative Claim.

Ordinary Course Administrative Claim means a Claim for an administrative cost

Ordinary Course Administrative Claim means an Administrative Claim that is both (a) incurred by a Debtor in the ordinary course of business after the Petition Date in accordance with the terms and conditions of the particular transaction giving rise to such Administrative Claim and (b) accepted or designated by the DIP Agent or Reorganized Ryckman as an Ordinary Course Administrative Claim. For the avoidance of doubt, no Section 503(b)(9) Claim may be an Ordinary Course Administrative Claim.

Ordinary Course Administrative Claim means an Administrative Claim that is (i) incurred by a Plan Debtor in the ordinary course of business after the Petition Date in accordance with the terms and conditions of the particular transaction giving rise to such Administrative Claim; (ii) accepted or designated by the Plan Sponsors and the Plan Debtors as an Ordinary Course Administrative Claim; and (iii) is expressly assumed by Newco in its sole and absolute discretion. For the avoidance of doubt, no Section 503(b)(9) Claim may be an Ordinary Course Administrative Claim.

Ordinary Course Administrative Claim means a Claim which arose in the ordinary course of Debtor’s personal or business affairs during the pendency of Debtor’s Bankruptcy Case, other than Claims of Professional Persons.