Primary Alternative definition
Primary Alternative means the plan scenario where the Exit Loan timely
Primary Alternative means the plan scenario where the Exit Loan timely closes and General Unsecured Creditors are paid one lump sum distribution, which is expected to equal approximately 60% of their Allowed Claims, plus potential Net Litigation Proceeds (pursuant to Section 7.24 of the New Plan) realized from the pursuit of Causes of Action pursuant to the terms described in the New Plan.
Examples of Primary Alternative in a sentence
As part of the work proposed in North Lancaster Area Primary Alternative from New York BES TPL Solutions Study, it is proposed to add 115kV Capacitor Banks and to upgrade limiting elements on line 921 (from Erie Street to Depew).