General Unsecured Creditors definition
Examples of General Unsecured Creditors in a sentence
In the event such breaches are not cured within fifteen (15) days of such notice or such breaches are not curable, Employee’s cost of enforcement of this Agreement, including attorneys’ fees, will be borne by the Company; provided that it shall not be a default for the Company to pay Employee the same percentage recovery as other allowed General Unsecured Creditors under the Plan.
The entry of the Confirmation Order and the treatment accorded to General Unsecured Creditors pursuant to this Plan shall constitute a settlement pursuant to section 1123(b)(3) of all disputes relating to the Intercompany Claims and the allocation of value among the various Debtors.
The Monitor may, but shall not be obligated to, make any distribution to the General Unsecured Creditors before all Disputed Claims have been finally resolved for distribution purposes in accordance with the Claims Procedure Order or further Order of the Court in the CCAA Proceeding or the U.S. Court in the Chapter 15 Proceeding.
The claims of all General Unsecured Creditors shall be deemed to be impaired for purposes of the US Bankruptcy Code and the US Bankruptcy Rules and shall be entitled to vote upon the Plan.
This Agreement and the merger contemplated hereby anticipates that shareholders of Ponder Common Stock, incl▇▇▇▇▇ of those shares issued to Allowed General Unsecured Creditors, shall total 1,904,508 shares when converted to NEWCO stock prior to the Merger with N-Vision.