WARN Act Claim definition

WARN Act Claim means any Claim against any of the Applicants advanced by the WARN Act Plaintiffs in the WARN Act Class Action and any other Claims of individuals similarly situated to the WARN Act Plaintiffs that may be asserted against any of the Applicants pursuant to the WARN Act.
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WARN Act Claim means any claim arising from the Debtor's pre-petition termination of employees under the WARN Act, which, if Allowed, could be entitled to priority in payment, up to $4,650 per claim, pursuant to Section 507(a)(3) of the Bankruptcy Code. The excess of any Allowed WARN Act Claim over the $4,650 priority amount will be treated as a General Unsecured Claim.
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WARN Act Claim means any non priority general unsecured Allowed Claim pursuant to that certain stipulation and order dated July 2, 2004 (the “WARN Act Stipulation”) (Docket No. 227) in the aggregate amount of $60,858, which resolved the claims asserted by certain Entities for alleged violations of the Worker Adjustment and Retraining Notification Act of 1988, as amended (the “WARN Act”). For the avoidance of doubt, WARN Act Claims do not include the $225,000 Allowed Priority Claim component of the WARN Act Stipulation.
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Examples of WARN Act Claim in a sentence

  • Each WARN Act Plaintiff with an Allowed WARN Act Claim shall become entitled to its Individual WARN Act Plan Entitlement on the Plan Implementation Date without any further steps or actions by the Applicants, such WARN Act Plaintiffs or any other Person.

  • Subject only to such realization by Allowed Class 2 Claim Holders, each Entity holding an Allowed WARN Act Claim in Class 3 shall be entitled to receive its pro rata share of the proceeds deposited into the Liquidating Trust and the earnings thereon and proceeds thereof, subordinate to all payments required to be made to Holders of Allowed Administrative Expense Claims, Allowed Priority Tax Claims and Allowed Priority Claims.

  • In accordance with the steps and sequence set forth in section 5.3, under the supervision of the Monitor, and in full and final satisfaction of all WARN Act Claims, each WARN Act Plaintiff with an Allowed WARN Act Claim shall become entitled on the Plan Implementation Date to its Individual WARN Act Plan Entitlement (which, for greater certainty, shall not be payable until the WARN Act Plan Entitlement Date).

  • As discussed in section IV.C.2.b(4), several former World Bazaars employees have asserted individual and class-action WARN Act Claim against the Estate.

  • Absent such costs and constraints, preventing default would be straightforward to achieve: the government could either mandate that all debt contracts are nullified, or it could pro- vide abundant subsidies that would ensure that all borrowers can fulfill their financial obligations.

  • The Distribution Trustee will provide notice of this Objection to the following parties or, in lieu thereof, their counsel: (i) the U.S. Trustee; (ii) each holder of a WARN Act Claim; (iii) each holder of a No Liability Claim; and (iv) all other persons who have requested notice in the above-captioned chapter 11 case pursuant to Bankruptcy Rule 2002.

  • On the WARN Act Plan Entitlement Date, Cline shall calculate the amount of the WARN Act Plan Entitlement Proceeds to be paid to each applicable WARN Act Plaintiff with an Allowed WARN Act Claim.

  • Cline shall then distribute the applicable amount by way of cheque sent by prepaid ordinary mail to each WARN Act Plaintiff with an Allowed WARN Act Claim.

  • To the extent any No Liability Claim is deemed to be for future wages, liability for such claim was satisfied per the Settlement Agreement as a WARN Act Claim.

  • As a pioneering partnership within the UN system, it will also emphasize supporting, enabling and facilitating the work of diverse stakeholders during this new UBRAF.

Related to WARN Act Claim

  • WARN Act means the federal Worker Adjustment and Retraining Notification Act of 1988, and similar state, local and foreign laws related to plant closings, relocations, mass layoffs and employment losses.

  • Direct Claim has the meaning set forth in Section 8.05(c).

  • Third Party Claim Notice shall have the meaning set forth in Section 6.5(a).

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VI.

  • Claim Notice has the meaning set forth in Section 8.4(a).

  • Tax Indemnifying Party shall have the meaning set forth in Section 7.6(d).

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Third Party Claim has the meaning set forth in Section 8.3.

  • Buyer Indemnitee has the meaning set forth in Section 8.1(b).

  • Section 510(b) Claim means any Claim against the Debtors arising from rescission of a purchase or sale of a security of the Debtors or an Affiliate of the Debtors, for damages arising from the purchase or sale of such a security, or for reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of such a Claim.

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

  • Third party claimant means any individual, corporation, association, partnership, or other legal entity asserting a claim against any individual, corporation, association, partnership, or other legal entity insured under an insurance policy or insurance contract.

  • Warranty Claim means any claim for breach of Warranty;

  • Qualifying Party means (a) a Limited Partner, (b) an Assignee or (c) a Person, including a lending institution as the pledgee of a Pledge, who is the transferee of a Limited Partner Interest in a Permitted Transfer; provided, however, that a Qualifying Party shall not include the Special Limited Partner.

  • Tax Indemnitee as defined in Section 3.01(5).

  • Claims Notice has the meaning set forth in Section 9.3(a).

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Claimed Amount means the amount of any Damages incurred or reasonably expected to be incurred by the Indemnified Party.

  • Seller Benefit Plan means each Employee Benefit Plan sponsored, maintained or contributed to by a Seller or any of its Affiliates or with respect to which a Seller or any of its Affiliates has, or could reasonably be expected to have, any direct or indirect Liability.

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Seller Benefit Plans has the meaning set forth in Section 4.10(a).

  • Seller Indemnitee has the meaning set forth in Section 9.2(b).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Claim Objection Deadline means the first Business Day that is 180 days after the Effective Date, as may be extended by order of the Bankruptcy Court.