Examples of Convenience Class in a sentence

Any such election must be made on the Ballot, and, except as may be agreed to by the Debtors or the Reorganized Debtors, no Holder of a General Unsecured Claim can elect the treatment as an Unsecured Convenience Class Claim after the Voting Deadline.
Each holder of an Allowed Class 8A Claim may elect to be treated as a Holder of an Allowed Class 9A Convenience Class Claim.
The Convenience Class Election shall only be effective if the Effective Date occurs.
Each Holder of an Allowed Class 6B General Unsecured Claim may elect to be treated as a Holder of an Allowed Class 7B Convenience Class Claim.
Any Allowed Class 6B Claim that exceeds $500 but whose Holder elects to be treated as a Class 7B Claim shall be automatically reduced in complete satisfaction of such Class 6B Claim to the amount of distribution made on account of such Convenience Class 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 for Borrower Claims under the Plan, subject to the reasonable consent of the Creditors’ Committee, the Debtors, Ally and Xxxxxxx Counsel.

Convenience Class means the category comprising all Convenience Class Creditors;

Convenience Class means Holders of general unsecured claims in an allowed amount of less than $10,000.