Preferential Claim definition

Preferential Claim means a claim falling within the types of debt listed in Schedule 8 (Preferential Debts) of the Regulations;
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Preferential Claim means a claim of a type prescribed by the Rules as a preferential claim;
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Preferential Claim means a claim which is a preferential debt in accordance with section 107 except for the payment of the fees and expenses properly incurred by the liquidator or administrator in carrying out the functions and duties of the liquidator or administrator;
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Examples of Preferential Claim in a sentence

  • The CVA shall not affect the rights of any Employee, either in respect of any Employee Preferential Claim or any other Liability owed to the Employee in their capacity as an Employee.

  • In April 2022, the Plan Administrator filed a Complaint against MHI (the "Complaint") alleging certain preferential transfers of assets, which were valued by the Plan Administrator at $250,000, relating to payments on a $600,000 loan made to MHI by the Company prior to the filing of the OGGUSA Debtors Chapter 11 proceeding (the "Preferential Claim").

  • Once the Tradestone Commercial Invoice has been generated from a correctly built Packing List, select YES or NO in Preference Certificate Field for all Style(s) listed on the Commercial Invoice: YES o Style qualifies for Free Trade according to Preferential Claim Requirements.NO o Style does not qualify for Free Trade according to Preferential Claim Requirements.Vendors approved for EU/TR Preferential Claim are not permitted to leave this field blank.

  • In July 2023, MHI entered into a Settlement and Release Agreement with the Plan Administrator pursuant to which it agreed to reduce its Bankruptcy Court approved unsecured general claim to $15.5 million, or by 50%, in consideration for the settlement of the Preferential Claim and a general release of MHI and the Company.

  • Received (Date Stamp)Reserved for Office Use:Claim admitted for voting purposes: Signed: Date: / / Claim rejected for voting purposes:Signed:Date: / / Claim rejected for payment:Signed:Date: / / Claim admitted for payment: Preferential Claim for: Ordinary Claim for: Deferred claim for: $ $ $ Signed LiquidatorDated: Note: If the decision to admit or reject a claim is amended, regulation 8 of the Companies Act 1993 Liquidation Regulations 1994 requires that it be recorded in writing.

  • Operating Assets3.5 Description3.6 Sales Proceeds3.7 Estate Contribution3.8 Preferential Claim of the Netherlands Tax and Customs Administration3.9 Stocks / Work in Hand3.10 Sales Proceeds3.11 Estate Contribution3.12 Intellectual Property Rights3.13 Participating InterestsPlease refer to the previous reports.

  • In April 2022, the Plan Administrator filed a Complaint against MMH (the "Complaint") alleging certain preferential transfers of assets, which were valued by the Plan Administrator at $250,000, relating to payments on a $600,000 loan made to MMH by the Company prior to the filing of the OGGUSA Debtors Chapter 11 proceeding (the "Preferential Claim").

  • This site should be considered as a priority for improving pitch quality.

  • Once the Tradestone Commercial Invoice has been generated from a correctly built Packing List, select YES or NO in Preference Certificate Field for all Style(s) listed on the Commercial Invoice: YES → Style qualifies for Free Trade according to Preferential Claim Requirements.NO → Style does not qualify for Free Trade according to Preferential Claim Requirements.

  • Operating Assets3.5 Description3.6 Sales Proceeds3.7 Bankrupt Estate Contribution3.8 Preferential Claim of the Netherlands Tax and Customs Administration3.9 Stocks / Work in Hand3.10 Sales Proceeds3.11 Bankrupt Estate Contribution3.12 Intellectual Property Rights3.13 Participating InterestsPlease refer to the previous reports.


More Definitions of Preferential Claim

Preferential Claim means a claim referred to in Part 3 of Schedule 8 (except clause 15 of that Schedule);
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Preferential Claim means a claim by a Bank for sums advanced to a Borrower to which Section 386 and Schedule 6 of the Insolvency Act 1986 (or any analogous provision in any other applicable jurisdiction) applies;
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Preferential Claim means a claim in respect of a preferential debt;
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Preferential Claim means a claim of a type prescribed by the Rules as a preferential claim; “preferential creditor” means a creditor having a preferential claim;
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Preferential Claim means a claim which is a preferential debt in accordance with the Fourth Schedule except for the payment of the fees and expenses properly incurred by the liquidator in carrying out his functions and duties;
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Related to Preferential Claim

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • preferential tariff treatment means the rate of customs duties applicable to an originating good of the exporting Party in accordance with paragraph 1 of Article 16; and

  • Priority Tax Claim means any Claim of a Governmental Unit of the kind specified in section 507(a)(8) of the Bankruptcy Code.

  • Unsecured Claim means any Claim that is not a Secured Claim.

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • IPR Claim means any claim of infringement or alleged infringement (including the defence of such infringement or alleged infringement) of any IPR, used to provide the Services or as otherwise provided and/or licensed by the Supplier (or to which the Supplier has provided access) to the Authority in the fulfilment of its obligations under this Framework Agreement;

  • Tax Claim has the meaning set forth in Section 6.05.

  • Environmental Claim means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any actual or alleged violation of any Environmental Law; (ii) in connection with any Hazardous Material or any actual or alleged Hazardous Materials Activity; or (iii) in connection with any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the environment.

  • Third Party IP Claim has the meaning given to it in clause E8.7 (Intellectual Property Rights).

  • Secured Tax Claim means any Secured Claim that, absent its secured status, would be entitled to priority in right of payment under section 507(a)(8) of the Bankruptcy Code (determined irrespective of time limitations), including any related Secured Claim for penalties.

  • Disallowed costs means those charges determined to be unallowable, in accordance with the applicable Federal statutes, regulations, or the terms and conditions of the Federal award. (2 CFR 200.31 and 45 CFR 75.2)

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Preferred claim means a claim with respect to which the terms of this chapter accord priority of payment from the general assets of the insurer.