Surety Bond Claim definition

Surety Bond Claim means an unsecured Claim arising from any Surety Bonds, other than any Secured Claim arising from any Surety Bonds or any Surety Bond Post Petition Premium Payments. For the avoidance of doubt, Surety Bond Claims shall only include the Claims of the Sureties against the Debtors or their Estates, and shall not include any Governmental Unit’s claims against the Sureties arising from any Surety Bonds.
Sample 1Sample 2Sample 3
Surety Bond Claim means an unsecured Claim arising from any Surety Bonds,
Sample 1

Examples of Surety Bond Claim in a sentence

  • Notwithstanding any other provision in the Combined Disclosure Statement and Plan, the Surety Bond Claim of USSIC, if Allowed, shall not be reduced by the USSIC Letter of Credit, unless such Surety Bond Claim, if Allowed, is otherwise Unimpaired before application of the USSIC Letter of Credit or any proceeds therefrom.

  • Any unsecured, non-priority Claim against the Debtors or the Estates that is not a Surety Bond Claim, a Convenience Claim or a Subordinated Claim.

  • Any Claim or portion of a Claim (other than a Claim held by (1) a Holder of a Surety Bond Claim; or (2) an employee of the Debtors for workers’ compensation coverage under the workers’ compensation program applicable in the particular state in which the employee is employed by the Debtors) that is insured under any Insurance Contract, but only to the extent of such coverage.

  • The Williams Litigation Proceeds allocable to the Allowed Surety Bond Claim in accordance with the Surety Cooperation Agreement Order.

  • All she says is, “Be safe Darling”, and continues on her own way.

  • The Objecting Parties summarized the time entries to which they object in Exhibit E to the Post-Hearing Brief.

  • The Surety Bond Claim further identifies certain invoices described as “destination charges” that were paid by SeaFair on behalf of Sterling and/or AFG, and claims that SeaFair is entitled to reimbursement for these charges pursuant to its Terms and Conditions of Service.

  • Accordingly, MIAD049838 and MIAD049839 should be completely removed from the Surety Bond Claim, and correspondence regarding MIAD049838 and MIAD049839 (if any) should be directed by SeaFair to VBW, the responsible consignee (not Sterling and/or AFG).

  • Notwithstanding any other provision in the Combined Disclosure Statement and Plan, theSurety Bond Claim of USSIC, if Allowed, shall not be reduced by the USSIC Letter of Credit, unless such Surety Bond Claim, if Allowed, is otherwise Unimpaired before application of the USSIC Letter of Credit or any proceeds therefrom.

  • Each bond shall include Surety Bond Claim procedures including the name of a contact person, address and telephone number that would handle claims for each type of bond.

Related to Surety Bond Claim

  • Surety Bond The Limited Purpose Surety Bond (Policy No. AB0039BE), dated February 28, 1996 in respect to Mortgage Loans originated by MLCC, or the Surety Bond (Policy No. AB0240BE), dated March 17, 1999 in respect to Mortgage Loans originated by Novus Financial Corporation, in each case issued by Ambac for the benefit of certain beneficiaries, including the Trustee for the benefit of the Holders of the Certificates, but only to the extent that such Surety Bond covers any Additional Collateral Loans, or such other Surety Bond as may be identified in the Series Supplement.

  • Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

  • Fraud Claim means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.

  • 503(b)(9) Claim means a Claim or any portion thereof entitled to administrative expense priority pursuant to section 503(b)(9) of the Bankruptcy Code.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • DIP Facility Claim means a Claim arising under or as a result of the DIP Facility.

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • 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.

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • DIP Claim means any Claim arising under, derived from or based upon the DIP Facility or DIP Orders, including the DIP Exit Backstop Premium and the guarantees in respect thereof under the DIP Facility Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising under or related to the DIP Facility.

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • 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;

  • Reimbursement insurance policy means a policy of insurance

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • Affected Claim means any Claim other than an Unaffected Claim;

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • 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.

  • D&O Claim means any right or claim of any Person against one or more of the Directors and/or Officers howsoever arising on or before the D&O Bar Date, for which the Directors and/or Officers, or any of them, are by statute liable to pay in their capacity as Directors and/or Officers or which are secured by way of any one of the Directors’ Charges;

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.