covered payment of rental arrearages

(1) In this subsection: (A) The term “covered payment of rental arrearages” means a payment of arrearages that— (i) is made in connection with an agreement or arrangement— (I) between the debtor and a lessor to defer or postpone the payment of rent and other periodic charges under a lease of nonresidential real property; and (II) made or entered into on or after March 13, 2020 ; (ii) does not exceed the amount of rental and other periodic charges agreed to under the lease of nonresidential real property described in clause (i)(I) before March 13, 2020 ; and (iii) does not include fees, penalties, or interest in an amount greater than the amount of fees, penalties, or interest— (I) scheduled to be paid under the lease of nonresidential real property described in clause (i)(I); or (II) that the debtor would owe if the debtor had made every payment due under the lease of nonresidential real property described in clause (i)(I) on time and in full before March 13, 2020 . (B) The term “covered payment of supplier arrearages” means a payment of arrearages that— (i) is made in connection with an agreement or arrangement— (I) between the debtor and a supplier of goods or services to defer or postpone the payment of amounts due under an executory contract for goods or services; and (II) made or entered into on or after March 13, 2020 ; (ii) does not exceed the amount due under the executory contract described in clause (i)(I) before March 13, 2020 ; and (iii) does not include fees, penalties, or interest in an amount greater than the amount of fees, penalties, or interest— (I) scheduled to be paid under the executory contract described in clause (i)(I); or (II) that the debtor would owe if the debtor had made every payment due under the executory contract described in clause (i)(I) on time and in full before March 13, 2020 .

Source

11 USC § 547(j)(1)


Scoping language

In this subsection
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