Unsecured Claim definition

Unsecured Claim means any Claim that is not a Secured Claim.
Unsecured Claim means any Claim that is neither Secured nor entitled to priority under the Bankruptcy Code or an order of the Bankruptcy Court, including any Claim arising from the rejection of an Executory Contract or Unexpired Lease under section 365 of the Bankruptcy Code.
Unsecured Claim means a Claim that is not a Secured Claim or an Administrative Claim.

Examples of Unsecured Claim in a sentence

  • Each holder of an allowed General Unsecured Claim shall receive its pro rata share of the Class 2 Cash Distribution; provided, however, that the General Unsecured Claims class votes to accept the Plan, in which case the Prepetition Agent and the Prepetition Lenders shall waive any right to recovery on account of the Prepetition Lender Deficiency Claims and the Prepetition Lender Adequate Protection Claim.


More Definitions of Unsecured Claim

Unsecured Claim means any Claim against the Debtor that is not a Secured Claim, Administrative Claim, Priority Tax Claim or Other Priority Claim.
Unsecured Claim means any Claim against any Debtor arising prior to the Petition Date (regardless of whether such Claim is covered by insurance) to the extent that such Claim is neither secured nor entitled to priority under the Bankruptcy Code or by a Final Order of the Bankruptcy Court, including, but not limited to: (a) any Claim arising from the rejection of an executory contract or unexpired lease under section 365 of the Bankruptcy Code, and (b) any portion of a Claim to the extent the value of the holder's interest in the applicable Estate's interest in the property securing such Claim is less than the amount of the Claim, or to the extent that the amount of the Claim subject to setoff is less than the amount of the Claim, as determined pursuant to section 506(a) of the Bankruptcy Code.
Unsecured Claim means a Claim that is not an Administrative Claim, a Priority Tax Claim, a Priority Claim, or a Secured Claim.
Unsecured Claim means any Claim that is not an Administrative Expense Claim, Priority Tax Claim, Priority Claim, Secured Claim, or Convenience Class Claim, including (a) any Claim arising from the rejection of an Executory Contract or Unexpired Lease under Section 365 of the Bankruptcy Code and (b) any portion of a Claim to the extent the value of the Holder’s interest in the Estatesinterest in the Property securing such Claim is less than the amount of the Claim, or to the extent that the amount of the Claim subject to setoff is less than the amount of the Claim, as determined pursuant to Section 506(a) of the Bankruptcy Code.
Unsecured Claim means any Claim that is not an Administrative Claim, Cure Amount Claim, Priority Claim, Priority Tax Claim or Secured Claim.
Unsecured Claim means any Claim against a Debtor that is not an Administration Expense Claim, a Priority Non-Tax Claim, a Priority Tax Claim, a DIP Claim, a Secured Claim, a Class Securities Litigation Claim or any deficiency Claim in respect of any Senior Secured Claim.
Unsecured Claim means a Claim that is not secured by any Lien;