Prepetition Payment definition

Prepetition Payment means a payment (by way of adequate protection or otherwise) of principal or interest or otherwise on account of any (i) Prepetition Debt, (ii) “critical or foreign vendor payments” or (iii) trade payables (including, without limitation, in respect of reclamation claims), or other pre-petition claims against any Credit Party.

Prepetition Payment means, a payment (by way of adequate protection or otherwise) of principal or interest or otherwise on account of any Prepetition Obligations or trade payables or other Prepetition claims against the Debtors.

Prepetition Payment means any payment, prepayment or repayment made on account of, or with respect to, any Prepetition Indebtedness.

Examples of Prepetition Payment in a sentence

• Moreover, to the extent such claims are listed on the Schedules and Statements, inadvertently or otherwise, the Debtors do not waive any right to amend the Schedules and Statements and/or subsequently object to such claims on any basis, including that such claims have already been satisfied through payments with respect to the Pre-petition Payment Orders.

• Pursuant to various orders entered or to be entered by the Bankruptcy Court (collectively, the "Pre-petition Payment Orders"), the Debtors were or will be authorized to pay certain outstanding pre-petition claims, including, without limitation, certain claims of employees for wages, salaries and benefits, certain tax claims and certain claims of critical vendors, and foreign creditors.

• However, despite the Debtors’ good faith efforts to account for the satisfaction of such claims pursuant to the Pre-petition Payment Orders, the claims listed in the Schedules and Statements may not reflect amounts paid pursuant to these various orders as such claims were unpaid as of the Petition Date.

• To the extent the Debtors pay any of the liabilities listed in the Schedules pursuant to the Prepetition Payment Orders, the Debtors reserve all of their rights to amend or supplement the Schedules or take other action as is necessary and appropriate to avoid over-payment of or duplicate payments for any such liabilities.

• The amount of any payment made to a particular holder of a Settled Claim's Unsecured PI Asbestos Claim by the Plan Trust shall be calculated by multiplying the Liquidated Value of such holder's Unsecured PI Asbestos Claim by a percentage which equals the then-applicable Payment Percentage less such holder's Prepetition Payment Percentage.

More Definitions of Prepetition Payment

Prepetition Payment means a payment on account of any Indebtedness incurred prior to the Petition Date.

Prepetition Payment means a payment on account of any Prepetition Debt.

Prepetition Payment means a payment (by way of adequate protection, set off or otherwise) of principal, interest or otherwise on account of any (i) Indebtedness of any Debtor outstanding and unpaid on the date on which such Person becomes a Debtor, (ii) “critical vendor payments” or (iii) trade payables (including in respect of reclamation claims) or other pre-petition claims against any Debtor.

Prepetition Payment means a payment on account of any Indebtedness of any Debtor (including pursuant to any Guarantee thereof by the Borrower or any Restricted Subsidiary) incurred prior to the Petition Date.

Prepetition Payment means a payment (by way of adequate protection or otherwise) of principal or interest or otherwise on account of any Prepetition (i) Indebtedness, (ii) “critical vendor payments” or (iii) trade payables (including, without limitation, in respect of reclamation claims), or any other Prepetition claims against any Loan Party.

Prepetition Payment any payment, prepayment or repayment made on account of, or with respect to, any Prepetition Indebtedness.

Prepetition Payment means a payment (by way of adequate protection or otherwise) of principal or interest or otherwise on account of any (i) Existing Debt, (ii) “critical vendor payments” or (iii) reclamation claims or other pre-petition claims against any Debtor.