Class 6 Pro Rata Share definition

Class 6 Pro Rata Share means, as to any Allowed Claim in Class 6 on the Effective Date or such later date (prior to the Final Distribution Date) as such Claim becomes Allowed, a fraction (i) the numerator of which is the amount of such Allowed Claim and (ii) the denominator of which is the sum of (x) the Effective Date Disputed Claims, (y) the Effective Date Allowed Claims and (z) an estimate of the aggregate amount of Claims arising from the rejection of executory contracts and unexpired leases pursuant to Section 3.1 that are anticipated to become Allowed Claims, such estimate to be mutually agreed upon by the Debtors, the Committee and Arch in good faith or determined by the Bankruptcy Court if no such agreement can be reached.

Class 6 Pro Rata Share means the proportion that an Allowed Claim in Class 6 bears to the aggregate amount of (a) all Allowed Claims in Class 6, plus (b) all Allowed Unsecured Notes Claims that are held by holders of such Claims that are not Eligible Offerees or that elect not to participate in the Rights Offering.

Examples of Class 6 Pro Rata Share in a sentence

• Suppliers that place products on the market shall be affiliated with a relevant recycling organisation and producer responsibility system in the respective country where we operate, or shall be able to demonstrate that their packaging material is processed in some other acceptable manner.

• No Certificate of Need can be revoked except upon sworn proof of evidence that shows conclusively that the holder of the Certificate of Need has committed actual fraud in its inducement or has fraudulently exceeded the scope of the approved application.

• Each holder of an Allowed Unsecured Notes Claim that is not an Eligible Offeree or that elects not to participate in the Rights Offering shall receive, on the Initial Distribution Date and Final Distribution Date, in full satisfaction of such claim, (i) its Class 6 Pro Rata Share of the GUC Cash Pool, or (ii) if the Requisite Commitment Parties and the Requisite Consenting Second Lien Creditors each have agreed to such distribution of New Permian Corp.

• Thereafter, on each Semi- Annual Distribution Date, distributions of a holder's Class 6 Pro Rata Share of the Creditor Stock Pool will be made to each holder of a Class 6 Claim other than a Subordinated Noteholder Claim whose Claim has been Allowed (as certified by the Estate Representative to the Exchange Agent) since the preceding Semi- Annual Distribution Date (or, with respect to the first Semi-Annual Distribution Date, since the Effective Date).

• Commencing on the Effective Date, the Exchange Agent will also distribute to each holder of an Allowed Claim that constitutes a Subordinated Noteholder Claim, upon proper surrender of its Subordinated Notes, its Class 6 Pro Rata Share of the Creditor Stock Pool.

• Thereafter, on each Semi-Annual Distribution Date, distributions of a holder's Class 6 Pro Rata Share of the Creditor Stock Pool will be made to the holders of Allowed Class 6 Claims that constitute Subordinated Noteholder Claims who have surrendered their Subordinated Notes since the preceding Semi-Annual Distribution Date (or, with respect to the first Semi-Annual Distribution Date, since the Effective Date).