Preference Action definition

Preference Action means any and all claims or defenses of the Debtors or Reorganized Debtors arising under section 547 of the Bankruptcy Code (but excluding claims or defenses arising under section 547 of the Bankruptcy Code brought as counterclaims or defenses to Claims asserted against the Debtors).

Preference Action means a Right of Action pertaining to Bankruptcy Code section 547 for recovery of prepetition payments made by the Debtor (but expressly excluding security interests, liens and similar interests).

Preference Action means a Cause of Action pertaining to section 547 of the Bankruptcy Code for recovery of prepetition payments made by the Debtor.

Examples of Preference Action in a sentence

• In summary, the Settlement Agreement will resolve, among other things, the Contested Proceedings with tronc, the Preference Action against tronc, NYDN Preference Demand, claims between the Debtor and Versant, claims between Versant and Baratoff and Cavaliere, and related disputes.

• No distribution or payment shall be made to any Holder of an Allowed Claim who is also a potential defendant in an Assigned Preference Action or any other Cause of Action.

• The Responsible Person shall not be required to consult with any Post-Effective Date Committee member whose Claim is the subject of any such claims, causes or Rights of Action (including without limitation a Preference Action) by the Debtors or the Estates, and such Post-Effective Date Committee member shall recuse himself or herself from any discussion with the Responsible Person with respect thereto.

• Plaintiff Has Sustained His Burden Under the Section 547(b) Preference Action with the Exception of Three Transfers, Which Have Unresolved Questions of Fact.The Trustee’s avoidance powers are designed: (i) “to preserve the property includable within the bankruptcy estate .

• The Preference Action Administrator shall act in a fiduciary capacity for the benefit of creditors of the Debtors, shall have such qualifications and experience as are sufficient to enable the Preference Action Administrator to perform its obligations under this Plan and under the Preference Action Administrator Agreement, and shall be compensated and reimbursed for expenses as set forth in Section 7.14 of this Plan.

More Definitions of Preference Action

Preference Action means any Cause of Action brought pursuant to Sections 547 and 550 of the Bankruptcy Code against any Person or other entity, including, without limitation, those Persons and entities listed in Item No. 3 of the Schedules.

Preference Action means any and all claims or defenses of the Debtors or Post-Effective Date Debtors arising under section 547 of the Bankruptcy Code related to payments or transfers made within 90 days of the Petition Date (but excluding claims or defenses arising under section 547 of the Bankruptcy Code brought as counterclaims or defenses to Claims asserted against the Debtors).

Preference Action means any legal proceeding commenced under the United States Bankruptcy Code against the Insured to return an alleged preferential payment made by the Buyer to the Insured within ninety (90) days prior to the commencement of Insolvency.

Preference Action means the preferential transfer action pursuant to section 547 of the Bankruptcy Code alleged in the complaint [D.E. #1383] filed in the adversary proceeding [Adv. Case. No. 08-01435] commenced by the Committee against the First Lien Revolver Lenders, the First Lien Term Lenders and the Second Lien Lenders and certain other parties, as such complaint and the parties thereto may be amended from time to time.

Preference Action is defined in Section 8.2.14.

Preference Action means any and all claims or defenses of the Debtors or Reorganized Debtors arising under section 547 of the Bankruptcy Code related to payments or transfers made within 90 days of the Petition Date.

Preference Action means any legal proceeding commenced under the United States Bankruptcy Code or the Bankruptcy and Insolvency Act (Canada) or equivalent laws in any other jurisdiction against the Insured to return an alleged preferential payment made by the Buyer to the Insured within ninety (90) days prior to the commencement of Insolvency.