Penalty Claims definition

Penalty Claims means a Claim against the Archdiocese, whether secured or unsecured, for any 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.

Penalty Claims means any Claims for any fine, penalty, forfeiture, multiple damages, punitive damages, or exemplary damages, including, but not limited to, any such Claims not meant to compensate the claimant for actual pecuniary loss.

Penalty Claims means Claims for penalties or punitive damages, including Claims denominated as “interest” which the Bankruptcy Court determines to be punitive in nature.

Examples of Penalty Claims in a sentence

• All Penalty Claims will be Disallowed Claims, and there will be no distribution to the holders of any Penalty Claims.

• Except for any payment that may be provided from the Trust as part of the Tort Claims Allocation Protocol, Penalty Claims relating to Tort Claims will receive no distribution and will be Disallowed Claims.

• Except for any payment that may be provided from the Trust as part of the Unknown Tort Claims Allocation Protocol, Penalty Claims relating to Unknown Tort Claims will receive no distribution and will be Disallowed Claims.

• Claims for punitive or exemplary damages in connection with any of the Claims will be treated as Penalty Claims and will receive no distribution under the Plan.

• The filing of this Plan and its submission to the holders of Subordinated Claims and Penalty Claims shall constitute an action seeking to subordinate all Subordinated Claims and Penalty Claims pursuant to section 510 of the Bankruptcy Code.

More Definitions of Penalty Claims

Penalty Claims means any Claims for any fine, penalty, forfeiture, multiple damages, punitive damages, or exemplary damages, including, but not limited to, any such Claims not meant to compensate the claimant for actual pecuniary loss, and including, but not limited to, any Claims created by the Patient Protection and Affordable Care Act, 42 U.S.C.§ 18001 et seq., and related regulations.

Penalty Claims means those Claims referenced in Bankruptcy Code section 726(a)(4), including without limitation any claims for punitive, liquidated or exemplary damages.

Penalty Claims means all claims for fines, penalties, forfeitures, multiple damages, punitive damages, or exemplary damages not meant to compensate the claimant for actual pecuniary loss.

Penalty Claims means a claim against the Archdiocese, whether secured or unsecured, for any fine, penalty or forfeiture, or for multiple, exemplary or punitive damages, arising

Penalty Claims means Claims and Causes of Action for noncompensatory, statutory, exemplary, or punitive damages, or penalties.

Penalty Claims means Claims for penalties or punitive damages, including but not limited to Claims for interest claimed to be due on debt which the Bankruptcy Court determines to be punitive in nature.

Penalty Claims shall have the meaning set forth in section 2.e. of this Term Sheet.