Preference Reserve definition
Examples of Preference Reserve in a sentence
The Reserve report will display order of rotation, including the Flight Attendants’ RDV values, Pass/Fly preferences, Airport Standby Preference, Reserve standings, and availability times.
Triumph may charge the Preference Reserve with the amount of each Exposed Payment that Triumph pays to any bankruptcy estate of a Payor that made the Exposed Payment on account of a claim asserted under the Bankruptcy Code.
Purchaser may charge the Preference Reserve with the amount of any Exposed Payments that Purchaser pays to the bankruptcy estate of the Payor that made the Exposed Payment, on account of a claim asserted under Section 547 of the Bankruptcy Code.
Purchaser may charge the Preference Reserve with the amount of each Exposed Payment that Purchaser pays to the bankruptcy estate or designated Trustee of the Obligor that made the Exposed Payment, on account of a claim asserted under the Bankruptcy Code.
Purchaser shall refund to Seller from time to time that balance of the Preference Reserve for which a claim under Section 547 of the Bankruptcy Code can no longer be asserted due to the passage of the statute of limitations, settlement with the bankruptcy estate of the Account Debtor or otherwise.
Purchaser shall refund to Seller from time to time that balance of the Preference Reserve for which a claim under Section 547 of the Bankruptcy Code can no longer be asserted due to the passage of the statute of limitations, settlement with the bankruptcy estate of the Payor or otherwise.
Upon termination of this Agreement Seller shall pay to Purchaser (or Purchaser may retain), to hold in a non-segregated non-interest bearing account the amount of all Exposed Payments (the "Preference Reserve").
Purchaser shall refund to Seller the Preference Reserve after a period of ninety (90) days following the date of a Complete Termination.
Purchaser may apply amounts in the Preference Reserve to reimburse itself for the amount of any Exposed Payments that Purchaser is required to pay to the bankruptcy estate of the Payor that made the Exposed Payment, because of a claim asserted under Section 547 of the Bankruptcy Code.
Triumph s▇▇▇▇, from time to time, refund to Client that portion of the Preference Reserve for which a claim under the Bankruptcy Code can no longer be asserted due to the passage of the statute of limitations, settlement with the bankruptcy estate of the Payor or otherwise.