Examples of Proven Claim in a sentence
Each Affected Creditor other than a Debentureholder in respect of its Debentureholder Claim shall be entitled to a single vote valued in the full amount of its Proven Claim.
Notwithstanding the foregoing, each Convenience Creditor with a Proven Claim of $500.00 or less is irrevocably deemed to have voted the full amount of its Proven Claims in favour of the approval of the Proposal without requirement for such Convenience Creditor to file a proxy to vote in favour of the Proposal, in consideration for the Proposal providing for the full payment of their Proven Claim.
A Convenience Creditor is deemed to have voted the full amount of its Proven Claim in favour of the approval of the Proposal without a requirement to file a proxy to vote in favour of the Proposal.