Trade Claim definition

Trade Claim means any Unsecured Claim arising from or with respect to the sale of goods or rendition of services prior to the Petition Date in the ordinary course of the applicable Debtor's business, including any Claim of an employee that is not a Priority Claim.

Trade Claim means any Claim held by an ordinary course trade vendor of the Debtors against any of the Debtors on account of ordinary course goods and/or services provided to any of the Debtors. For the avoidance of doubt, Trade Claims shall not include any Claim arising from or based upon rejection of any Executory Contract or Unexpired Lease, nor any Claim that is not Secured resulting from litigation against one or more of the Debtors.

Trade Claim means any Claim held by an ordinary course trade vendor of the Debtors against any of the Debtors on account of ordinary course goods and/or services provided to any of the Debtors. For the avoidance of doubt, Trade Claims are treated as General Unsecured Claims under the Plan.

Examples of Trade Claim in a sentence

• Each holder of an Allowed Parnassos Trade Claim is entitled to vote to accept or reject the Plan.

• In addition, the Oversight Committee shall have the right to object and be heard by the Bankruptcy Court with respect to any reconciliation or resolution of any Disputed Claim that is a Class H Claim that has a face amount as filed of greater than or equal to $2.0 million, provided such Claim is not a Trade Claim, subject to the Reorganized Debtors’ business judgment to reconcile or resolve any such Claim.

• Each holder of an Allowed Olympus Trade Claim is entitled to vote to accept or reject the Plan.

• Each holder of an Allowed Century-TCI Trade Claim is entitled to vote to accept or reject the Plan.

• Each holder of an Allowed Century Trade Claim is entitled to vote to accept or reject the Plan.

More Definitions of Trade Claim

Trade Claim means a Claim held by a Trade Creditor that has made the Trade Claim Election.

Trade Claim means any Unsecured Claim arising from or with respect to the sale of goods or rendition of services prior to the Petition Date, including any Claim of an employee that is not a Priority Claim.

Trade Claim means an Unsecured Claim asserted by a creditor that arises out of the prepetition provision by such creditor of goods or services to any member of Fruit of the Loom.

Trade Claim. Claims of trade creditors and other general unsecured current obligations of a debtor.

Trade Claim means a Claim directly relating to and arising solely from the receipt of goods and services by the Debtors arising with, and held by, an Entity with whom the Debtors are conducting, and will continue to conduct, business as of the Effective Date.

Trade Claim means any Unsecured Claim against the Debtor arising from or with respect to the sale of goods or services to the Debtor, prior to the Petition Date, in the ordinary course of the Debtor's business, including any Claim of an employee that is not a Priority Claim.

Trade Claim means any unsecured Claim arising from or with respect to (i) the sale and delivery of goods, or the rendition of services, to the Debtors prior to the Petition Date; and (ii) all other obligations incurred in the ordinary course, conduct and operation of the Debtors' businesses prior to the Petition Date.