Priority Unsecured Claim definition

Priority Unsecured Claim means every Unsecured Claim or portion thereof, which is not an Administrative Claim, a Priority Tax Claim or a Priority Employee Unsecured Claim and which is entitled to priority under any applicable provision of Bankruptcy Code § 507.

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Priority Unsecured Claim means a Claim asserted to have priority under

Priority Unsecured Claim means any Claim, other than an Administrative Claim or a Priority Tax Claim, which is entitled to priority under Bankruptcy Code section 507(a).

Examples of Priority Unsecured Claim in a sentence

• To the extent any funds held in the Priority Unsecured Claim Reserve relate to a Class 1 Priority Unsecured Non-Tax Claim or a Priority Unsecured Tax Claim that has either been disallowed by the Bankruptcy Court or is no longer claimed as evidenced by a written release of such Claim, or the failure to seek allowance of such Claim within six (6) months from the Effective Date, then such funds shall be distributed to holders of Beneficial Interests as if such funds were Existing Estate Cash.

• Priority Unsecured Tax Claims shall be fully and completely satisfied by the payment of Cash from the Priority Unsecured Claim Reserve in an amount equal to the Class 1 Allowed Priority Unsecured Non-Tax Claim and the Allowed Priority Unsecured Tax Claim on the later of the Effective Date or Allowance Date.

• The Priority Unsecured Claim Reserve shall be dissolved once all required payments have been made.

More Definitions of Priority Unsecured Claim

Priority Unsecured Claim means a Claim asserted to have priority under Sections 507(a)(1), 507(a)(4), 507(a)(5), 507(a)(6) or 507(a)(7) of the Bankruptcy Code.

Priority Unsecured Claim means any Claim against the Debtor that is

Priority Unsecured Claim means an Unsecured Claim entitled to priority under Bankruptcy Code § 507(a), except Priority Tax Claims and Priority Wage Claims.

Priority Unsecured Claim means a Claim, other than an Administrative Claim or a Priority Tax Claim, that is entitled to priority under Section 507(a) of the Bankruptcy Code.

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

Priority Unsecured Claim means all Claims entitled to priority under Section 507 of the Bankruptcy Code, other than Priority Tax Claims.

Priority Unsecured Claim means a Claim asserted to have