Common use of Class Acceptance Requirement Clause in Contracts

Class Acceptance Requirement. A class of Claims shall have accepted the Plan if it is accepted by at least two-thirds ( 2/3) in amount and more than one-half ( 1/2) in number of the Allowed Claims in such class that have voted on the Plan. A class of Equity Interests shall have accepted the Plan if it is accepted by holders of at least two-thirds ( 2/3) of the Allowed Equity Interests in such class that actually vote on the Plan.

Appears in 3 contracts

Samples: Plan Support Agreement, Noteholder Restructuring (Gsi Group Inc), Noteholder Restructuring Plan Support Agreement (Gsi Group Inc)

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Class Acceptance Requirement. A class Class of Claims shall have accepted the Plan if it is accepted by at least two-thirds ( (2/3) in dollar amount and more than one-half ( (1/2) in number of holders of the Allowed Claims in such class Class that have voted on the Plan. A class of Equity Interests shall have accepted the Plan if it is accepted by holders of at least two-thirds ( 2/3) of the Allowed Equity Interests in such class that actually vote on the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (Novelion Therapeutics Inc.)

Class Acceptance Requirement. A class of Claims shall have accepted the Plan if it is accepted by at least two-thirds ( (2/3) in amount and more than one-half ( (1/2) in number of the Allowed Claims in such class that have voted on the Plan. A class of Equity Interests shall have accepted the Plan if it is accepted by holders of at least two-thirds ( (2/3) of the Allowed Equity Interests in such class that actually vote on the Plan.

Appears in 1 contract

Samples: Restructuring Plan Support Agreement (Gsi Group Inc)

Class Acceptance Requirement. A class Class of Claims that is Impaired under the Plan shall have accepted the Plan if it is accepted by at least two-thirds ( (2/3) in dollar amount and more than one-half ( (1/2) in number of holders of the Allowed Claims in such class Class that have voted on the Plan. A class Class of Equity Interests that is Impaired under the Plan shall have accepted the Plan if it is accepted by holders of at least two-thirds ( 2/3) in amount of the Allowed Equity such Interests in such class that actually vote have voted on the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (Hospitality Investors Trust, Inc.)

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Class Acceptance Requirement. A class Class of Claims shall have accepted the Plan if it is accepted by at least two-thirds ( (2/3) in amount of the Allowed Claims in such Class and more than one-half ( (1/2) in number of the Allowed holders of such Claims in such class that have voted on the Plan. A class of Equity Interests shall have accepted the Plan if it is accepted by holders of at least two-thirds ( 2/3) of the Allowed Equity Interests in such class that actually vote on the Plan.

Appears in 1 contract

Samples: Stock Purchase and Backstop Agreement (Deutsche Bank Ag\)

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