For example, an Allowed Class 1 Claim or Allowed Senior Secured Term Loan Claim is an Allowed Claim in the Senior Secured Term Loan Claims Class designated herein as Class 1.
If the Senior Secured Term Loan and the New Term Loan Obligations are not treated as securities for federal income tax purposes, a U.S. Holder of a Senior Secured Term Loan Claim will generally recognize gain or loss on the exchange.
On the Effective Date, each Holder of an Allowed Term Loan Claim shall receive, on account and in full satisfaction of its Allowed Term Loan Claim: (i) Cash in the amount of its pro rata share of the Term Loan Payment, and (ii) its pro rata share of the New Term Loan Facility.
The Claims in Class 7 consist of any Claim that is not: (i) an Administrative Claim, (ii) an Other Priority Claim, (iii) a Priority Tax Claim, (iv) a claim for U.S. Trustee Fees, (v) an Other Secured Claim, (vi) a Senior Secured Term Loan Claim, (vii) a Senior Secured Revolving Loan Claim, (viii) a Fee Claim, (ix) a Subordinated Notes Claim or (x) a 510(b) Subordinated Notes Claim.
If you are the holder of a Senior Secured Term Loan Claim, Senior Secured Revolving Loan Claim or Subordinated Note, please complete, execute and return your Ballot(s) to the Voting Agent on or before the Voting Deadline.