Examples of Unclassified Claim in a sentence
Each Holder of an Unclassified Claim is conclusively presumed to have accepted the Plan and, therefore, is not entitled to vote to accept or reject the Plan.
From and after the Effective Date, the Reorganized Debtor may operate its business and may use, acquire, and dispose of property, and compromise or settle any Unclassified Claim assumed by it or any cure sum claim without approval by the Bankruptcy Court or the Creditors' Committee and free of any restrictions of the Bankruptcy Code or Bankruptcy Rules.
Class Description Treatment Under Plan ----------------- -------------------- -------------------------------------------- ----------------------------------- Unclassified Claims - Consists of On the Effective Date, each holder of an Administrative Claims Allowed Unclassified Claim shall receive Estimated allowed amount: (i) Cash equal to the allowed Amount of [TBD] such Unclassified Claim, or (ii) such other treatment as to which the Debtors and such holder shall have agreed upon in writing.
UNSECURED STARBELLY CLAIM means each unsecured Claim filed against Starbelly or listed in Starbelly’s Schedules as a Claim against Starbelly other than an Unclassified Claim, a Priority Non-Tax Claim or a Convenience Claim.
Unclassified Claim means a Claim referred to in Article V hereof.