Convenience Class Claim definition

Convenience Class Claim means any Unsecured Claim that is asserted against the Debtors in an amount that is less than $100, or any Unsecured Claim the holder of which has agreed to accept $100 or less in full satisfaction of such Claim.

Convenience Class Claim means an Unsecured Claim (i) Scheduled or Filed in an amount less than or equal to $2,000, (ii) Allowed in an amount less than or equal to $2,000 or (iii) as to which the Holder of such Unsecured Claim has elected (by marking the appropriate box on its Ballot) to reduce its Claim to $2,000 in order to have its Claim treated as a Convenience Class Claim.

Convenience Class Claim means (a) any Accepted Claim of a General Unsecured Creditor in an amount that is less than or equal to $15,000, and (b) any Accepted Claim of a General Unsecured Creditor in an amount greater than $15,000 if the relevant Creditor has made a valid Convenience Class Distribution Election for purposes of this Plan in accordance with the Creditors’ Meeting Order and this Plan;

Examples of Convenience Class Claim 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.

• 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.

• Any Allowed Class 8A Claim that exceeds $500, but whose Holder elects to be treated as a Class 9A Claim shall be automatically reduced in complete satisfaction of such Class 8A Claim to the amount of distribution made on account of such Convenience Class Claim.

More Definitions of Convenience Class Claim

Convenience Class Claim means a claim against a WV Debtor that is in an amount of less than $100.00.

Convenience Class Claim means an Allowed Unsecured Claims equal to or less than five thousand dollars ($5,000.00) and or an Allowed Unsecured Claim that exceeds five thousand dollars ($5,000.00) and whose Holder has elected voluntarily to reduce the Allowed Amount of such Claim to five thousand dollars ($5,000.00), waive and release any excess amount of such Claim and any remaining Claims against the Debtors, their Estates, and the Liquidating Trustee, and participate in Class 4.

Convenience Class Claim means: (a) one or more Proven Claims of an Affected Creditor that are less than or equal to $2,500 in the aggregate; and (b) one or more Proven Claims of an Affected Creditor in an amount in excess of $2,500 in the aggregate and which the relevant Affected Creditor has validly elected to value at $2,500 for the purposes of the Plan pursuant to a Convenience Class Claim Election;

Convenience Class Claim means one or more Proven Claims of a Convenience Class Creditor;

Convenience Class Claim means a General Unsecured Claim (other than a Royalty Payment Litigation Claim) with a Face Amount equal to or less than $100,000.

Convenience Class Claim means a Claim that would otherwise be classified as a General Unsecured Claim but, with respect to each Claim, either (i) the aggregate amount of such Claim is less than $2,000, or (ii) the aggregate amount of such Claim is reduced to $2,000 by agreement of the holder of such Claim.

Convenience Class Claim means any Unsecured Claim (x) asserted in an amount less than or equal to $10,000, or (y) asserted in an amount greater than $10,000, for which the Holder has properly made the Convenience Class Election on a properly cast Ballot.