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

  • 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.

  • 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.

  • 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 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").

  • 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.

  • 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.

  • Possibly the tapered deflector design located more forward would cause lower pitch amplitude and decrease the interference of deflector’s profile with water during impacts.

  • IJIEM Next, section 3 presents the research method and introduces the case company.

  • 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").

  • The Company intends that each Operational Debt, insofar as its Operational Debt has not been discharged outside the Scheme, each Preferential Creditor, insofar as its Preferential Claim has not been discharged outside the Scheme, and the Secured Creditor, insofar as its Secured Claim has not been discharged outside the Scheme, will be paid either by the Company with cash flows received from its operating activities in cash in full outside of the Scheme.


More Definitions of Preferential Claim

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 referred to in Part 3 of Schedule 8 (except clause 15 of that Schedule);
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Preferential Claim means a claim referred to in Schedule 6 of the Companies Act 1995;
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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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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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Related to Preferential Claim

  • 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.

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

  • Tax Claims means any Claim against the Participating CCAA Parties (or any one of them) for any Taxes in respect of any taxation year or period ending on or prior to the applicable Filing Date, and in any case where a taxation year or period commences on or prior to the applicable Filing Date, for any Taxes in respect of or attributable to the portion of the taxation period commencing prior to the applicable Filing Date and up to and including the applicable Filing Date. For greater certainty, a Tax Claim shall include, without limitation, (a) any and all Claims of any Taxing Authority in respect of transfer pricing adjustments and any Canadian or non- resident Tax related thereto, and (b) any Claims against any BL/Wabush Released Party in respect of such Taxes;

  • 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.

  • 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.