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.

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

• Allowance of Ordinary Course Administrative Claims: An entity holding an Ordinary Course Administrative Claim may, but need not, File a motion or request for payment of its Claim.

• Each Allowed Preserved Ordinary Course Administrative Claim is to be paid by the Liquidating Trust or the Platform Subsidiaries (as applicable) in accordance with either: (a) the terms and conditions under which such Claim arose; or (b) in the ordinary course of the Debtors' business.

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 in the ordinary course of business of the Debtor; provided, however, that any due and unpaid, post-petition payment in respect of rejected, or to be rejected, executory contracts orunexpired 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 (i) 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 (ii) accepted or designated by the DIP Agent or Reorganized Debtors 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 a claim for administrative costs or expenses that are allowable under section 503(b) of the Bankruptcy Code that are incurred in the ordinary course of the Debtor’s operations for goods and services and that are unpaid on the Effective Date or on account of an expense by a governmental unit under sections 503(b)(1)(B) or (C) of

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