Penalty Claim definition

Penalty Claim means any Claim for a fine, penalty, or forfeiture, or for multiple, exemplary, or punitive damages, arising before the Petition Date, to the extent that such fine, penalty, forfeiture, or damages are not compensation for actual pecuniary loss suffered by the Holder of such Claim as set forth in section 726(a)(4) of the Bankruptcy Code.

Penalty Claim means a Claim for a fine, penalty, forfeiture, multiple damages, punitive damages, or exemplary damages, including any Claim not meant to compensate the Claimant for actual pecuniary loss.

Penalty Claim means a claim where we decide that you are at fault, partially at fault or where you cannot provide the details of the person at fault.

Examples of Penalty Claim in a sentence

• If the Indemnifying Party elects to defend any such action or claim, then the Indemnified Party shall be entitled to participate in such defense with counsel of its choice at its sole cost and expense unless otherwise specified herein; provided that any such participation of the Indemnified Party shall be at the Indemnifying Party’s sole cost and expense to the extent such participation relates to a Third Party Penalty Claim.

• Any potion of a Tax Claim that qualifies as a Penalty Claim shall be disallowed.

• A Penalty Claim, an Other Subordinated Claim, or a Section 510(b) Subordinated WMB Notes Claim.

• General Unsecured Claims consist of any unsecured Claim that is not an Administrative Claim, a Priority Tax Claim, a Revolving Lender Claim, a Lehman Secured Claim, a Secured Claim, a Priority Non-Tax Claim, a Penalty Claim or a Subordinated Claim.

• A Claim other than a Secured Claim, an Administrative Claim, a Priority Non-Tax Claim, a Priority Tax Claim, the Regions Deficiency Claim, the Comerica Deficiency Claim, the MCG Deficiency Claim, a Penalty Claim, or a Subordinated Claim.

More Definitions of Penalty Claim

Penalty Claim means a Claim by a governmental unit for a penalty or other non-pecuniary loss.

Penalty Claim means any Allowed Claim of the type specified in Section 726(a)(4) of the

Penalty Claim means any Claim or portion of a Claim, including a Governmental Penalty Claim, on account of any fine, penalty, or forfeiture, or for multiple, exemplary, or punitive damages to the extent that such fine, penalty, forfeiture, or damages are not compensation for actual pecuniary loss suffered by the Holder of such Claim.

Penalty Claim means a Claim that would be subject to Bankruptcy Code 726(a)(4)

Penalty Claim means a Formal Agency Action, a proceeding, suit or legal action instituted in Court by a Governmental Authority or Third Party, or a written demand or claim asserted by a Governmental Authority or Third Party, in each case after the Closing against OCC Tacoma or Pioneer, their respective successors or permitted assigns, or their respective Affiliates, pursuant to Environmental Laws, regarding the Correction of a violation of Environmental Laws, or to recover Penalties for such violation.

Penalty Claim means any Claim of the type described in Section 726(a)(4) of the Bankruptcy Code.

Penalty Claim means a Claim for any fine, penalty or forfeiture, or for multiple, exemplary or punitive damages, to the extent that such Claim is not compensation for the Claim holder’s actual pecuniary loss.