Common use of Other Priority Claims Clause in Contracts

Other Priority Claims. On the Effective Date, each holder of an Allowed Other Priority Claim shall receive, in full satisfaction of its claim, at the option of the Debtors: (a) payment in full in cash or (b) other treatment rendering such claim unimpaired. Unimpaired; deemed to accept.

Appears in 3 contracts

Samples: Restructuring Support Agreement, Restructuring Support Agreement, Restructuring Support Agreement

AutoNDA by SimpleDocs

Other Priority Claims. On the Effective Date, each holder except to the extent that a Holder of an Allowed Other Priority Claim shall receiveand the Debtor against which such Allowed Other Priority Claim is asserted agree to less favorable treatment for such Holder, in full satisfaction of its claim, at the option of each Allowed Other Priority Claim against the Debtors: (a) , each Holder thereof shall receive payment in full in cash or (b) other treatment rendering such claim unimpairedClaim Unimpaired. Unimpaired; deemed to accept.

Appears in 2 contracts

Samples: Services Agreement (NRG Energy, Inc.), Intercreditor Agreement (Sandridge Energy Inc)

Other Priority Claims. On the Effective Date, each Each holder of an Allowed Other Priority Claim shall receive, in full satisfaction of its claim, at the option of the Debtors: (aClaim(5) will receive payment in full in cash or as promptly as reasonably practicable on the later of (a) the Effective Date and (b) other treatment rendering the date on which such Other Priority Claim becomes an Allowed claim unimpairedpayable under applicable law or any agreement relating thereto. Unimpaired; deemed Unimpaired β€” Deemed to accept.Accept

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Other Priority Claims. On the Effective Date, each holder of an Allowed Other Priority Claim shall receive, in full satisfaction of its claimeach Allowed Other Priority Claim, at the option of the Debtors: (a) each holder thereof shall receive payment in full in cash or (b) other treatment rendering such claim unimpairedcash. Unimpaired; deemed to accept.

Appears in 2 contracts

Samples: Dip Term (C&J Energy Services Ltd.), Up Agreement (C&J Energy Services Ltd.)

Time is Money Join Law Insider Premium to draft better contracts faster.