Class 8C definition
Class 8C. Other Securities Claims Class 8C consists of all Other Securities Claims.
Examples of Class 8C in a sentence
On the Effective Date, in full satisfaction, settlement, release and discharge of and in exchange for Class 8C Claims, each holder of an Allowed Class 8C Claim shall receive its Pro Rata share of 32,786,003 shares of the New Common Shares, which shall be one-half of one percent (0.5%) or 120,000 shares of the PSC Common Shares issued and outstanding as of the Effective Date, after giving effect to the Reverse Stock Split, subject to Dilution.
Notwithstanding any provision contained herein to the contrary, if Class 7 votes to reject the Plan, then the holders of Class 8C Claims shall not receive or retain any property on account of such Claims.