Title III Case definition

Title III Case means the Title III case under PROMESA pending for PREPA in the Title III Court, captioned as In re Financial Oversight & Management Board for Puerto Rico as representative of Puerto Rico Electric Power Authority [Case No. 17-BK-4780-LTS (D.P.R.)].
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Title III Case means Owner’s case under Title III of PROMESA in the U.S. District Court.
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Title III Case means the case under Title III of PROMESA styled In re The Financial Oversight and Management Board for Puerto Rico, as representative of Puerto Rico Electric Power Authority (PREPA) and numbered No. 17 BK 4780-LTS, which was instituted on July 2, 2017 by the Oversight Board by the filing of a voluntary petition for relief for Buyer.
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Examples of Title III Case in a sentence

  • Modifications, amendments, supplements, and restatements to prepetition Executory Contracts and Unexpired Leases that have been executed by PREPA during the Title III Case shall not be deemed to alter the prepetition nature of the Executory Contract or Unexpired Lease or the validity, priority, or amount of any Claims that may arise in connection therewith.

  • The Settlement Agreement will be considered contemporaneously for approval by the Title III Court in the Commonwealth Title III Case through submission of the Settlement Motion pursuant to Bankruptcy Rule 9019 and, in the Title III Case, through submission of the Plan, which full incorporates by reference the Settlement Agreement.

  • In accordance with section 1123(a)(1) of the Bankruptcy Code, made applicable to the Title III Case pursuant to Section 301(a) of PROMESA, Administrative Expense Claims and Professional Claims have not been classified and thus are excluded from the Classes of Claims set forth in Article IV of the Plan.

  • Any and all Proofs of Claim (but, for the avoidance of doubt, not including Cure Claims) based upon Executory Contracts or Unexpired Leases that have been assumed in the Title III Case, including pursuant to the Confirmation Order, shall be deemed Disallowed and expunged as of the Effective Date without the need for any objection thereto or any further notice to or action, order, or approval of the Title III Court.

  • This Order shall not be stayed and shall be valid and fully effective immediately upon entry, notwithstanding the possible application of Bankruptcy Rules 6004(h), 7062, and 9014, or otherwise, and the Clerk of the Court is hereby directed to enter this Order on the Court’s docket in this Title III Case.

  • While peer nations dramatically increased their testing capacity, the US remained well below the testing capacity needed to understand the situation and begin to identify infected individuals to slow disease spread.The failure of the CDC’s diagnostic test for the virus, later named SARS-CoV-2, was far from the only significant misstep in the federal government’s overall response.

  • Unless otherwise provided herein or in the Confirmation Order, all injunctions or stays in effect in the Title III Case (pursuant to Bankruptcy Code sections 105, 362, or 922 or any order of the Title III Court) and existing on the Confirmation Date (excluding any injunctions or stays contained in the Plan or the Confirmation Order) shall remain in full force and effect until the Effective Date.

  • On or before the date that is one (1) day from the Effective Date, (i) the Oversight Board shall file this Agreement (excluding any exhibit annexed hereto) with the Clerk of the Title III Court on the docket of the Title III Case and (ii) AAFAF or COFINA shall post a copy of this Agreement (excluding any exhibit annexed hereto) on the Electronic Municipal Market Access system operated by the Municipal Securities Rulemaking Board under the CUSIP for each of the Applicable Bonds.

  • In accordance with Bankruptcy Code section 1123(a)(1), made applicable to this Title III Case pursuant to PROMESA section 301(a), Administrative Expense Claims and Professional Claims have not been classified as voting Classes.

  • Except as otherwise provided in this Order, the Superpriority Claim shall be senior in all respects to any and all superpriority administrative expense claims allowed in this Title III Case.

Related to Title III Case

  • Title IV-E means title IV-E of the Social Security Act [Pub. L. 96-272, title I, sec. 101(a)(1); 94 Stat. 501; 42 U.S.C. 670 et seq.], as amended.

  • Title IV-D means part D of title IV of the social security act, 42 USC 651 to 669b.

  • Title IV-A means part A of subchapter IV of the social security

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Title IX means 20 U.S.C. §§ 1681-1688 and the implementing regulations.

  • COVID-19 case means a person who:

  • Title IV means Title IV of the Social Security Act, 42 United States Code Section 601 et seq.;

  • Title Commitment shall have the meaning set forth in Section 4.2.

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • Title XVIII means title XVIII of the social security act, 42 USC 1395 to 1395lll.

  • Contested case means a proceeding defined by Iowa Code section 17A.2(5) and includes any matter defined as a no factual dispute contested case under 1998 Iowa Acts, chapter 1202, section 14.

  • Title Commitments has the meaning set forth in Section 5.9.

  • Appraised-Out Class As defined in Section 3.10(a) of this Agreement.

  • Survey shall have the meaning set forth in Section 4.1.

  • Title XIX means title XIX of the social security act, 42 USC 1396

  • Title Report has the meaning set forth in Section 5.4(b).

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Overcollateralization Deficiency For any Distribution Date will be equal to the amount, if any, by which (x) the Targeted Overcollateralization Amount for such Distribution Date exceeds (y) the Overcollateralization Amount for such Distribution Date, calculated for this purpose after giving effect to the reduction on such Distribution Date of the aggregate Class Principal Balance of the Certificates resulting from the payment of the Principal Payment Amount on such Distribution Date, but prior to allocation of any Applied Loss Amount on such Distribution Date.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Conversion Valuation Appraisal Report Page: 1 - 3 ================================================================================

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Tax Exempt Bond-Financed Development means a Development which has been financed by the issuance of tax-exempt bonds subject to applicable volume cap pursuant to Section 42(h)(4) of the IRC.

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

  • Title Policy shall have the meaning set forth in Section 4.2.

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).