Class 10 Claim definition
Examples of Class 10 Claim in a sentence
Each holder of a Class 10 Claim is entitled to vote to accept or reject the Plan under sections 524(g) and 1126 of the Bankruptcy Code.
To the extent that any such Claim is Allowed by the Bankruptcy Court by Final Order, such Claim will become, and will be treated for all purposes under the Plan as, a Class 7 General Unsecured Claim, or if the Claim is an Unsecured Asbestos Personal Injury Claim, a Class 10 Claim, and the holder thereof will receive distributions as a holder of an Allowed Claim in such Class pursuant to the Plan.
If you hold a Class 10 Claim, indicate the amount and basis of your Unsecured Asbestos Personal Injury Claim.
To the extent that any such Claim is Allowed by the Bankruptcy Court by Final Order, such Claim shall become, and shall be treated for all purposes under the Plan as, a Class 7 General Unsecured Claim, or if the Claim is an Unsecured Asbestos Personal Injury Claim, a Class 10 Claim, and the holder thereof shall receive distributions as a holder of an Allowed Claim in such Class pursuant to the Plan.
It is anticipated that each holder of an Allowed Class 10 Claim will not receive or retain any property under the Plan on account of such Claim.
As a condition to receiving distributions provided for by the Plan in respect of Allowed Class 10 Claims, any holder of an Allowed Class 10 Claim shall be required to surrender such securities to the Indenture Trustee.
Thereafter, such Entity shall be treated as the holder of an Allowed Class 10 Claim for all purposes of the Plan.
The cancellation of the respective securities issued pursuant to the Indenture and surrender of instruments pursuant to this Plan shall extinguish the right of any holder of Allowed Class 10 Claim to commence any course of action against any Entity for principal and interest.
The Manager and the Indenture Trustee, or their agents, shall have no obligation to recognize any transfer of an Allowed Class 10 Claim occurring after the Record Date.