Converted Claims definition
Converted Claims means the following claims of Contran that will be converted into shares of New Common Stock on the terms provided herein: (a) The EWP Financial DIP Claim assigned to Contran on or immediately before the Effective Date, including, without limitation, EWP Financial's contingent claim on account of a $250,000 prepetition letter of credit issued by EWP Financial for the benefit of the Debtors; (b) unsecured, prepetition claims related to the Former Intercorporate Services Agreement in the approximate amount of $3,259,448.22; (c) subordinated, unsecured, prepetition claims related to dividends on account of Old Preferred Stock in the approximate amount of $10,747,952.13; (d) post-petition, administrative claims and all other claims, including the Contran Administrative Claims, but excluding the post-petition amounts payable under the EWP Financial Term Loan Participation, the Notes Secured Claim, the L/C Claims and any Insurance Program Claims, in the approximate amount of $1,000,000 including but not limited to claims related to the Former Intercorporate Services Agreement but not including amounts paid to Contran under the Former Intercorporate Services Agreement in the ordinary course of the Debtors' businesses during the pendency of the Proceedings.