Rejecting Class definition
Rejecting Class. Means a Class that does not vote to accept the Plan in accordance with section 1126 of the Bankruptcy Code.
Examples of Rejecting Class in a sentence
Warrants On the Effective Date, if the Class of Convertible Notes Claims is not a Rejecting Class, the Company will issue 10 year warrants in two (2) separate tranches, and which will be in a form and manner consistent with the Warrants Term Sheet attached hereto as Exhibit 4 (the “Warrants”).