Allowed Class 4 Unsecured Claim definition

Allowed Class 4 Unsecured Claim means any Unsecured Claim for which and to the extent an Allowed Amount has been determined.
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Examples of Allowed Class 4 Unsecured Claim in a sentence

  • Each such Holder of an Allowed Class 4 Claim shall receive, except to the extent that a Holder of an Allowed Class 4 Unsecured Claim agrees to a less favorable treatment, a Cash payment equal to its Pro Rata share of the distributable cash available after the payment in full of all Allowed Unclassified Claims and Allowed Class 1 and Class 2 Claims.

  • To the extent, if any, that the value of the L/C Bank Collateral is less than the total amount of all L/C Bank Claims that have become Allowed Claims on or before the Consummation Date, the difference shall be treated as an Allowed Class 4 Unsecured Claim in Group 4-A.

  • Such an election shall constitute a waiver of the right to collect, and a release of, the amount of the Allowed Class 4 Unsecured Claim in excess of $50,000, and the holder of such Allowed Class 3 Convenience Claim shall be deemed to have released the Debtors, their Estates, Reorganized PhyCor, and their respective property from any and all liability for such excess amount.

  • This distribution equates to an approximate 5% pro rata distribution to the Holders of Allowed Class 4 claims based on total claims of $ 2,104,061.34, when taking into consideration TD Bank’s agreement to receive a distribution on account of a unsecured claim in the amount of $200,000, rather than in the amount of its actual Allowed Class 4 Unsecured Claim, which is substantially higher at$1,292,008.75.

  • Each holder of an Allowed Class 4 Unsecured Claim is entitled to vote to accept or reject the Plan.

  • The federal income tax consequences to holders of Class 4 Unsecured Claims of such exchange will depend on whether any given Allowed Class 4 Unsecured Claim constitutes a "security." The term "security" is not defined in the Tax Code or applicable regulations and has not been clearly defined by court decisions.

  • Such an election shall constitute a waiver of the right to collect, and a release of, the amount of the Allowed Class 4 Unsecured Claim in excess of $2,000, and the holder of such Allowed Class 2 Convenience Claim shall be deemed to have released the Debtors and their Estates, Reorganized MAWS, the Plan Administrator, and their property from any and all liability for such excess amount.

  • The Allowed Class 4 Unsecured Claim of Sherilee Figueroa shall be paid$20,000.00 from the Exit Funding within fourteen (14) days of the Effective Date.

  • There will be no payment of post-petition interest to any Holder of an Allowed Class 4 Unsecured Claim.

  • Additionally,because these products are not subject to the ACA’s minimum loss ratio standards, they are able to pay significantly higher compensation to brokers and agents who sell their products, when compared with marketplace plans.

Related to Allowed Class 4 Unsecured Claim

  • Allowed Unsecured Claim means all or that portion of an Unsecured Claim which is an Allowed Claim.

  • Unsecured Claim means a Claim that is not an Administrative Claim, a Priority Tax Claim, a Priority Claim, or a Secured Claim.

  • Unsecured Claims means claims which are not secured by any property of the Debtor’s Estate and which are not part of any other class defined in this Plan.

  • Allowed Claim means an Allowed Claim of the type described.

  • General Unsecured Claim means any Claim that is not a/an: Administrative Claim; DIP Facility Claim; Professional Fee Claim; Priority Tax Claim; Secured Tax Claim; Other Priority Claim; Other Secured Claim; Intercompany Claim; Prepetition Debt Claim; or 510(b) Equity Claim.

  • General Unsecured Claims means Claims against any Debtor that are not Secured Claims, Administrative Claims, Priority Claims, Professional Compensation Claims, Intercompany Claims, or Equity Interests.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • Allowed Secured Claim means an Allowed Claim secured by a Lien, security interest, or other charge against or interest in property in which the Debtor has an interest or that is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value (as specified in the Plan, or if no value is specified, as determined in accordance with Section 506(a) of the Bankruptcy Code) of the interest of a holder of such Allowed Claim in the Debtor's interest in such property or to the extent of the amount subject to such setoff, as the case may be.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • Released Class Claims means the claims being released as described in Paragraph 6.2 below.

  • Unimpaired Class means an unimpaired Class within the meaning of section 1124 of the Bankruptcy Code.

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

  • Class HI B-2 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: B-2 Formula Distribution Amount" and (b) the Unpaid Class HI: B-2 Interest Shortfall, if any.

  • Class H designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • Impaired Class means an impaired Class within the meaning of section 1124 of the Bankruptcy Code.

  • Preferred claim means a claim with respect to which the terms of this chapter accord priority of payment from the general assets of the insurer.

  • Subordinated Claims shall have the meaning set forth in Section 3.6(c)(i) hereof.

  • Allowed Interest means an Interest in any Debtor, which has been or hereafter is listed by such Debtor in its books and records as liquidated in an amount and not disputed or contingent; provided, however, that to the extent an Interest is a Disputed Interest, the determination of whether such Interest shall be allowed and/or the amount of any such Interest shall be determined, resolved, or adjudicated, as the case may be, in the manner in which such Interest would have been determined, resolved, or adjudicated if the Chapter 11 Cases had not been commenced; and provided further, however, that proofs of Interest need not and should not be filed in the Bankruptcy Court with respect to any Interests; and provided further, however, that the Reorganized Debtors, in their discretion, may bring an objection or motion with respect to a Disputed Interest before the Bankruptcy Court for resolution.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • DIP Claim means a Claim held by the DIP Lenders or the DIP Agent arising under or relating to the DIP Credit Agreement or the DIP Order, including any and all fees, interests paid in kind, and accrued but unpaid interest and fees arising under the DIP Credit Agreement, but, for the avoidance of doubt, excluding the First Lien Adequate Protection Claims.

  • Class Coupon The Class Coupon on each Class of Notes for any Accrual Period will be as set forth in Appendix I for Original Notes and Appendix II for MAC Notes.

  • DIP Claims means, collectively, the DIP ABL Claims and the DIP Term Loan Claims.

  • Required Class Lenders means, with respect to any Class on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Class and (ii) the aggregate unused Commitments under such Facility.