Affected Claim definition

Affected Claim means any Claim other than an Unaffected Claim;

Affected Claim means any Claim, D&O Claim or D&O Indemnity Claim that is not: an Unaffected Claim; a Section 5.1(2) D&O Claim; a Conspiracy Claim; a Continuing Other D&O Claim; a Non-Released D&O Claim; or a Subsidiary Intercompany Claim, and “Affected Claim” includes any Class Action Indemnity Claim. For greater certainty, all of the following are Affected Claims: Affected Creditor Claims; Equity Claims; Noteholder Class Action Claims (other than the Continuing Noteholder Class Action Claims); and Class Action Indemnity Claims.

Affected Claim means any Claim that is not an Unaffected Claim and, for greater certainty includes any Affected Unsecured Claim and any Equity Claim.

Examples of Affected Claim in a sentence

• For greater certainty, any terms or conditions of any Affected Claim that purport to deal with the ordering or grant of priority of payment of principal, interest, payments or other amounts shall be deemed void and ineffective to the extent inconsistent with the ordering provided for in this Section 7.3.

• Interest shall not accrue or be paid on Affected Claims on or after the Filing Date, and no holder of an Affected Claim shall be entitled to interest accruing on or after the Filing Date.

• An Affected Claim shall receive distributions as set forth below only to the extent that such Claim is an Allowed Affected Claim and has not been paid, released, or otherwise satisfied prior to the Plan Implementation Date.

• Any Affected Claim against the Sears Canada Entities that is a Proven Claim shall not be released but shall be entitled to recoveries against the assets of the Sears Canada Entities solely in accordance with distributions provided by this Plan and any further rights in respect of such Affected Claims against the Sears Canada Entities or their assets are compromised and settled in accordance with this Plan.

• The payment, compromise, extinguishment or other satisfaction of any Affected Claim under the Proposal will be binding upon each Affected Creditor, its heirs, executors, administrators, successors and assigns, for all purposes, and as and from the Implementation Date all Affected Claims shall be forever discharged and released, excepting only the obligations to make distributions in respect of such Affected Claims in the manner and to the extent provided for in the Proposal.

More Definitions of Affected Claim

Affected Claim means any Claim or DO&T Claim that is not an Excluded Claim.

Affected Claim means an Affected Secured Lender Claim or an Affected Unsecured Claim;

Affected Claim means any Claim other than an Unaffected Claim, and “Affected Claims” means all of them. For greater certainty, Affected Claims include, without limitation, Employee Claims, Disclaimed Lease Claims, Renegotiated Lease Claims, Restructuring Claims, Directors’ Claims and any Claim of Her Majesty the Queen in right of Canada or any Province (other than Crown Priority Claims);

Affected Claim means a Claim other than an Unaffected Claim, which, for greater certainty, shall include the CRA Claims;

Affected Claim means the ATB Indebtedness, the Fiera Indebtedness and any Liabilities owing to any other Affected Creditor secured by a Lien ranking in priority to any other Lien attaching to Transaction Assets;

Affected Claim means any Claim other than an Unaffected Claim, and for greater certainty, shall include any Claim by the Commissioner, both against the Debtors as well as against the Sponsors, in their individual capacity;

Affected Claim means all Claims, except the Unaffected Claims as such term is defined in the Plan;