Examples of Secured Claims in a sentence
N/A Other Secured Claims On the Plan Effective Date, each Holder of an allowed Other Secured Claim, if any, shall receive, in full and final satisfaction of such claims, either (i) payment in full in cash, (ii) delivery of the collateral securing such claim, (iii) reinstatement of such claim, or (iv) such other treatment rendering such claim unimpaired in accordance with section 1124 of the Bankruptcy Code, unless otherwise agreed to by such Holder.
Voting: Impaired, entitled to vote Holders of Subordinate Secured Claims that do not vote in favor of the Plan forfeit recovery rights.
Class 1 – Other Secured Claims (a) Classification: Class 1 consists of all Allowed Other Secured Claims against any Debtor.
Other Secured Claims Secured claims, other than Senior Secured Note Claims and Subordinate Secured Note Claims (the “Other Secured Claims”).