Priority Employee Claim definition

Priority Employee Claim means Unsecured Claim, or that portion thereof, that is entitled to priority in payment under Bankruptcy Code section 507(a)(4) and (5).
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Priority Employee Claim means a Claim that is entitled to priority up to $4,925 per employee pursuant to Section 507(a)(3) of the Bankruptcy Code.
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Priority Employee Claim means that portion of an Allowed Claim that is
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Examples of Priority Employee Claim in a sentence

  • Notwithstanding the foregoing, each Allowed Canadian Priority Employee Claim shall be paid immediately after the Canadian Sanction Order, or as the Canadian Court may order.

  • Any Claim that is not (i) an Administrative Claim, (ii) a Secured Claim, (iii) a Priority Employee Claim, (iv) a Priority Tax Claim, or (v) a Litigation Claim.

  • Each TWU Employee shall be deemed to hold an Allowed Priority Employee Claim equal in amount to such holder’s Employee Pro Rata Share of the TWU Distribution.

  • Each IAM Employee shall be deemed to hold an Allowed Priority Employee Claim equal in amount to such holder’s Employee Pro Rata Share of the IAM Distribution.

  • Each ALPA Employee shall be deemed to hold an Allowed General Unsecured Claim equal in amount to the excess of such holder’s Employee Claim over the Allowed Priority Employee Claim.

  • Each AFA Employee shall be deemed to hold an Allowed Priority Employee Claim equal in amount to such holder’s Employee Pro Rata Share of the AFA Distribution.

  • Each TWU Employee shall be deemed to hold an Allowed General Unsecured Claim equal in amount to the excess of such holder’s Employee Claim over the Allowed Priority Employee Claim.

  • The Reorganized Debtors shall satisfy any Allowed Priority Employee Claim by the payment of Cash from the Administrative and Priority Claim Reserve to the holder of such Claim in the amount of its Allowed Priority Employee Claim, plus accrued interest after the Confirmation Date, such payment to be made on the later of (a) ten (10) days after the Effective Date or (b) ten (10) days after the date such Claim becomes Allowed.

  • On or as reasonably practicable after the Effective Date, each holder of an Allowed Priority Employee Claim shall receive 100% of its Allowed Priority Employee Claim in full satisfaction, settlement, release and discharge of and in exchange for such Claim.

  • Each Batman Employee shall be deemed to hold an Allowed General Unsecured Claim equal in amount to the excess of such holder’s Employee Claim over the Allowed Priority Employee Claim.


More Definitions of Priority Employee Claim

Priority Employee Claim means that portion of an Allowed Claim that is unsecured and that is entitled to priority under sections 507(a)(3) or (a)(4) of the Bankruptcy Code.
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Priority Employee Claim means Claims held by employees of the Debtor pursuant to Bankruptcy Code section 507(a)(4).
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Priority Employee Claim means a Claim of a current or former employee of Debtor of the kind specified in section 507(a)(3) of the Bankruptcy Code.
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Priority Employee Claim means an Employee Claim, or the portion thereof, that is entitled to priority in payment under 11 U.S.C. § 507(a)(4) and (5), Administrative Claims under
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Priority Employee Claim means that portion of a Claim that is entitled to priority under Bankruptcy Code § 507(a)(3) or (a)(4).
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Related to Priority Employee Claim

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Administrative Claim means a Claim for costs and expenses of administration of the Estates under sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs and expenses incurred on or after the Petition Date of preserving the Estates and operating the businesses of the Debtors; (b) Allowed Professional Fee Claims in the Chapter 11 Cases; and (c) all fees and charges assessed against the Estates under chapter 123 of title 28 of the United States Code, 28 U.S.C. §§ 1911-1930.

  • 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;

  • Administrative Claim Bar Date means the deadline for filing requests for payment of Administrative Claims, which shall be 30 days after the Effective Date.

  • Administrative Claims Bar Date means the deadline for Filing requests for payment of Administrative Claims, which: (a) with respect to Administrative Claims other than Professional Fee Claims, shall be 30 days after the Effective Date; and (b) with respect to Professional Fee Claims, shall be 45 days after the Effective Date.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

  • Other Priority Claim means any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Former Employee means an individual who has severed employment with the Employer or an Affiliated Employer.

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

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Administrative Claims means (i) Claims that have been timely filed before the Administrative Claim Bar Date, pursuant to the deadline and procedure set forth in the Confirmation Order (except as otherwise provided by a separate order of the Bankruptcy Court), for costs and expenses of administration under sections 503(b), 507(b), or 1114(e)(2) of the Bankruptcy Code, including, without limitation: the actual and necessary costs and expenses incurred after the Petition Date of preserving the Estates and operating the businesses of the Debtors (such as wages, salaries, or commissions for services and payments for goods and other services and leased premises), (ii) Twenty Day Claims, and (iii) Claims timely asserted for stub rental payments under the Debtors’ leases. Any fees or charges assessed against the Estates 1 All capitalized terms not otherwise defined herein shall be subject to the definition of such capitalized terms in Article I.A. hereof. under section 1930 of chapter 123 of title 28 of the United States Code are excluded from the definition of Administrative Expense Claim and shall be paid in accordance with Article V.M of the Plan. Notwithstanding anything to the contrary herein, the filing of an Administrative Claim shall not be required in order to receive payment for any tax liability described in sections 503(b)(1)(B) and (C) in accordance with section 503(b)(1)(D) of the Bankruptcy Code.

  • 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.