Common use of Ordinary Course Liabilities Clause in Contracts

Ordinary Course Liabilities. Holders of Administrative Claims based on liabilities incurred by a Debtor in the ordinary course of its business, including Administrative Trade Claims and Administrative Claims of governmental units for Taxes (including Tax audit Claims arising after the Petition Date) shall not be required to File or serve any request for payment of such Administrative Claims. Such Administrative Claims shall be satisfied pursuant to Section 3.1 of the Modified Plan.

Ordinary Course Liabilities. Holders of Administrative Claims based on liabilities incurred by a Debtor post-petition in the ordinary course of its business, including Administrative Trade Claims and Administrative Claims of governmental units for Taxes the Debtor’s business (including other than Postpetition Tax audit Claims arising after the Petition DateClaims) shall not be required to File or serve any request for payment of such Administrative Claims. Such Administrative Claims shall be satisfied paid by Reorganized Debtor pursuant to Section 3.1 the terms and conditions of the Modified Planparticular transaction giving rise to such Administrative Claim, without any further action by the holders of such Claims.