Distribution Claim definition

Distribution Claim means the amount of the Affected Unsecured Claim of an Affected Unsecured Creditor against the Applicant as finally accepted and determined for distribution purposes in accordance with this Claims Procedure Order and the CCAA;

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Distribution Claim means the Deemed Proven Claims and any Claim against the Applicant, or such portion thereof, that is not barred by any provision of the Claims Procedure Order and which has been finally accepted and determined for distribution purposes in accordance with the Claims Procedure Order and the CCAA.

Distribution Claim means with respect to: (i) each of the Deemed Proven Claims, the amount of each such Proven Claim, which shall include accrued interest calculated at the interest rates set out in the Sanction Order in respect of each such Proven Claim; (ii) the Canadian Direct Purchaser Proven Claim, the amount of such Proven Claim (iii) the Indirect Purchaser Proven Claim, the amount of such Proven Claim; and (iv) each other Affected Creditor’s Proven Claim, the aggregate of each such Affected Creditor’s Proven Claim and the applicable portion of the Aggregate Interest Amount in respect of such Proven Claim.

Examples of Distribution Claim in a sentence

• Eligible claimants for a Distribution Claim payment will receive a pro rata share of the remaining funds in the Settlement Fund after payment to other claimants.

• If either CMI or CTLP is entitled to receive shares of Restructured Canwest Global pursuant to section A.5(iii) or A.5(iv), respectively, such shares shall instead be distributed to the creditors of CMI or CTLP, as the case may be, pro rata, based on each such creditor’s CMI Proven Distribution Claim or CTLP Proven Distribution Claim.

• You must fully complete, sign, and mail or submit online the Distribution Claim form.

• A determination of a Voting Claim of a CMI Known Creditor does not in any way affect and is without prejudice to the process to determine such CMI Known Creditor’s Distribution Claim.

• If you do not complete and submit the Distribution Claim form, you will not receive a Distribution Claim payment under the Settlement.

• You do not need to submit any additional documentation in order to be eligible for a Distribution Claim payment.

• You can submit a Claim Form for a Distribution Claim and Reimbursement Claim if both are applicable to you.

• To receive a Distribution Claim payment, you must submit a Claim affirming that you fit the definition of a Class Member, that you have read the representations in the Claim Form, including the reasons the credit reporting may have harmed the Class, and that you believe you are entitled to monetary compensation.

• A Distribution Claim is a claim that you wish to be compensated for the fact that your credit report was not updated to reflect the fact that the sold CBUSA debt associated with your CBUSA credit card was discharged in Chapter 7 bankruptcy.

• Depending upon how many persons submit claims, Distribution Claim awards may be between $10 and $125 per card holder (but may be higher or lower).

More Definitions of Distribution Claim

Distribution Claim means any Claim against the Applicants, or such portion thereof, that is not barred by any provision of this Order and which has been finally accepted and determined for distribution purposes in accordance with this Claims Procedure Order and the CCAA;

Distribution Claim means an Affected Landlord Claim, or such portion thereof, that is not barred by any provision of this Claims Procedure Order and that has been finally determined and accepted for distribution purposes in accordance with this Claims Procedure Order and the CCAA (including, for certainty, the Existing Allowed Landlord Claims);

Distribution Claim means the amount of the Claim of an Affected Creditor as finally determined for final allowance and distribution purposes, in accordance with the provisions of the Claims Procedure, the Claims Procedure Order and the CCAA;

Distribution Claim means the amount of the Claim of a Creditor as finally determined for distribution purposes, in accordance with the provisions of this CMI Claims Procedure Order and the CCAA;