Priority Wage Claim definition

Priority Wage Claim means any Allowed Claim of any Person who is entitled to a priority in payment under 11 U.S.C. Section 507(a)(3).

Priority Wage Claim means a claim for payment of wages under Wisconsin Statutes Chapter 109, the Michigan Wage Priority Act, Michigan Compiled Laws Section 408.511 et sequitur or under any similar provision establishing a preference or creating a security interest in the property of the employer under other applicable law.

Priority Wage Claim means an Allowed Claim of the kind specified in Section 507(a)(3) and/or any Allowed Claim treated under Class P-1 of this Plan.

Examples of Priority Wage Claim in a sentence

• However, if you are a Holder of a Priority Wage Claim, you will be entitled to vote on the Plan pursuant to any General Unsecured Claim you may hold in Class 5.

• Any Allowed Priority Wage Claim that is in excess of $12,475 shall have the amount over $12,475 treated as a Class 2 General Unsecured Claim.

• Under the Plan, the Debtor shall pay each Holder of an unpaid Priority Wage Claim the amount of such Holder’s unpaid Allowed Priority Wage Claim in Cash on the Effective Date, or as soon thereafter as practicable, on account and in full satisfaction of such Holder’s unpaid Priority Wage Claim.

• Any default with respect to any Priority Wage Claim that existed immediately prior to the filing of the Chapter 11 Cases will be deemed cured upon the Effective Date.

• Each Holder of an Allowed Priority Wage Claim shall receive in full satisfaction of such Allowed Priority Wage Claim, Cash on the Distribution Date equal to the unpaid portion of such Allowed Priority Wage Claim.The Debtors believe that all Allowed Priority Wage Claims against Good Samaritan and Kenwood have been paid in full or will be paid in the ordinary course of business, and estimate that the total outstanding Allowed Priority Wage Claims to be owed by the Debtors as of the Effective Date is $0.

More Definitions of Priority Wage Claim

Priority Wage Claim means a Claim that is entitled to priority under section 507(a)(4).

Priority Wage Claim means any Claim that is not a WARN Act Class Settlement Claim but is either: (a) a WARN Claim and/or (b) a Priority Claim entitled to priority in right of payment pursuant to Section 507(a)(4) or Section 507(a)(5) of the Bankruptcy Code; provided, however, that under no circumstances shall a Priority Wage Claim exceed the amount of $13,650 per Claim.

Priority Wage Claim means a Claim that is entitled to priority pursuant to Section 507(a)(4) or (5) of the Bankruptcy Code..

Priority Wage Claim means a Claim that is entitled to priority under section 507(a)(3) of the Bankruptcy Code.

Priority Wage Claim means a Claim entitled to priority pursuant to Bankruptcy Code § 507(a)(4).

Priority Wage Claim means any Claim of a kind specified in sections 507(a)(4) and/or 507(a)(5) of the Bankruptcy Code up to an amount not to exceed the $13,650 statutory cap set forth therein.

Priority Wage Claim means all Claims for wages entitled to priority under section 507(a)(3) of the Bankruptcy Code.