Convenience Class definition

Convenience Class means the class of General Unsecured Claims that are either less

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Convenience Class means Class 6 under the Plan consisting of Convenience Class

Convenience Class means the Class of Unsecured Convenience Claims.

Examples of Convenience Class in a sentence

Principal Amount $37.5 million, subject to an agreed upon reduction in the amount of the Convenience Class Consideration (if any).
The undersigned further acknowledges that by electing Convenience Class Treatment in Item 3, the undersigned agrees, among other things, to release the NRG Released Causes of Action against the Released Parties, including, without limitation, the Xcel Released Parties.
Each affected creditor holding one or more CMI Proven Distribution Claims or CTLP Proven Distribution Claims that are Convenience Class Claims will receive a cash payment equal to the lesser of (A) the CMI Maximum Amount or the CTLP Maximum Amount, as applicable and (B) the value of such creditor’s CMI Proven Distribution Claims or CTLP Proven Distribution Claims, as the case may be, in full and final satisfaction of such claims and each such creditor shall be deemed to have voted in favour of the Plan.
If you elect in any manner to release the Released Parties from all NRG Released Causes of Action on any Ballot you submit in connection with the Plan (or if you elect Convenience Class Treatment below), you have released the Released Parties from all NRG Released Causes of Action in connection with the Plan regardless of any contrary election on any other Ballot.
Each holder of an allowed General Unsecured Claim (other than a Litigation Claim) with a face amount of $100,000 (the “Maximum Convenience Class Claims Amount”) or less shall receive a cash payment in an amount equal to the allowed amount of its General Unsecured Claim, in full and final satisfaction of its General Unsecured Claim.

More Definitions of Convenience Class

Convenience Class means the Creditors who are unsecured creditors in respect of the provison of goods or services to the Applicant with Proven Claims of $1,000.00 or who elect to waive any amount of their Proven Claim in excess of $1,000.00 and receive payment under Section 4.1 of this Plan;

Convenience Class means all Allowed Unsecured Claims less than $2,500.00.

Convenience Class means the Class of creditors who are Holders of Convenience Claims.

Convenience Class means Class 5B-2.

Convenience Class means the category comprising all Convenience Class Creditors;

Convenience Class for Borrower Claims under the Plan, subject to the reasonable consent of the Creditors’ Committee, the Debtors, Ally and ▇▇▇▇▇▇▇ Counsel.

Convenience Class means Holders of General Unsecured Claims where each such Holder’s claims are in an Allowed aggregate amount of less than $10,000.