Common use of Other Priority Claims Clause in Contracts

Other Priority Claims. Each holder of an Allowed Other Priority Claim(5) will receive payment in full in cash as promptly as reasonably practicable on the later of (a) the Effective Date and (b) the date on which such Other Priority Claim becomes an Allowed claim payable under applicable law or any agreement relating thereto. Unimpaired β€” Deemed to Accept

Appears in 2 contracts

Sources: Plan Sponsor Agreement (Quality Care Properties, Inc.), Restructuring Support Agreement (Quality Care Properties, Inc.)