Entitled to Vote. General Unsecured Claims On or as soon as practicable after the earliest to occur of the Plan Effective Date and the date such claim becomes due in the ordinary course of business, except to the extent that a holder agrees to less favorable treatment, each holder of an allowed General Unsecured Claim shall receive payment in full in cash on account of their allowed claim or such other treatment as would render such claim unimpaired. Holders of General Unsecured Claims will not be required to file any proof of claim in the Chapter 11 Cases. Unimpaired – Deemed to Accept Intercompany Claims Intercompany Claims shall be reinstated, compromised, or cancelled, at the option of the relevant holder of such claims with the consent of the RBL Agent and the Required Consenting Noteholders. Impaired – Deemed to Accept Parent Preferred Equity Interests All Parent Preferred Equity Interests shall be cancelled, and each holder of Parent Preferred Equity Interests shall receive, on account of such Parent Preferred Equity Interests, its pro rata share of 3% of the New Equity Interests, subject to dilution by the MIP Equity and the New Warrants. Impaired – Entitled to Vote Parent Common Equity Interests All Parent Common Equity Interests shall be cancelled, and, solely to the extent permitted under section 1129(b)(2)(C) of the Bankruptcy Code, each holder of Parent Common Equity Interests shall receive, on account of such Parent Common Equity Interests, its pro rata share of 1% of the New Equity Interests, subject to dilution by the MIP Equity and the New Warrants. Impaired – Entitled to Vote
Entitled to Vote. Class 5 General Unsecured Claims The legal, equitable, and contractual rights of the holders of General Unsecured Claims are unaltered by the Plan. Except to the extent that a holder of an Allowed General Unsecured Claim agrees to less favorable treatment, on and after the Effective Date, the Reorganized Debtors shall continue to pay each holder of an Allowed General Unsecured Claim in the ordinary course of business; provided that each Landlord Claim shall be subject to the cap set forth in section 502(b)(6) of the Bankruptcy Code. Unimpaired;
Entitled to Vote. 2L Convertible Notes Claims On the Plan Effective Date, each Holder of an allowed 2L Convertible Notes Claim will receive, in full and final satisfaction of such 2L Convertible Notes Claim, (i) the Series B Units and (ii) the Class C Units attributable to the allowed 2L Convertible Notes Claims, which shall be equal to approximately 5.89 percent of the Class C Units issued on the Plan Effective Date and subject to dilution on account of the Management Incentive Plan and the terms thereof (the “Class C AGF Units”). Impaired;
Entitled to Vote. 3L RCF Claims On the Plan Effective Date, all 3L RCF Claims shall be discharged, cancelled, released, and extinguished under the Plan, and Holders thereof shall not receive or retain any distribution under the Plan on account of such 3L RCF Claims.
Entitled to Vote. Only holders of CorePoint common stock at the close of business on January 14, 2022, the record date for the special meeting (the “record date”), will be entitled to notice of, and to vote at, the special meeting or any adjournments or postponements of the special meeting. At the close of business on the record date, 59,136,507 shares of CorePoint common stock were issued and outstanding. Holders of CorePoint common stock are entitled to one vote for each share of CorePoint common stock they own at the close of business on the record date. All holders of record of XxxxXxxxx preferred stock at the close of business on the record date are entitled to notice of, but may not vote at, the special meeting.
Entitled to Vote. As used in this Term Sheet, “New NCM Warrants” means the five-year warrants issued pursuant to the Plan and the New Warrant Agreement, which shall be exercisable at a total equity value, calculated as of the Plan Effective Date, of $1.04 billion, for five percent (5%) of all outstanding New NCM Common Units, but subject to dilution from (i) equity issued pursuant to the Post-Emergence Management Incentive Plan, and (ii) New NCM Common Units issued after the exercise of the New NCM Warrants to counterparties to the ESAs pursuant to the CUAA, if any. As used in this Term Sheet, “New Warrant Agreement” means that certain agreement providing for, among other things, the issuance of the New NCM Warrants, which (i) shall not include any Black-Scholes protections, and (ii) shall be in form and substance acceptable to NCM and the Required Consenting Creditors.
Entitled to Vote. Other Equity Interests On the Effective Date, Other Equity Interests will be cancelled, released, and extinguished and will be of no further force and effect. Impaired — Presumed to Reject.
Entitled to Vote. 1D General Unsecured Claims against Bonanza Creek On the Effective Date, in full satisfaction of each Allowed General Unsecured Claim against Bonanza Creek, each holder thereof shall be entitled to receive its Ratable Share of: (a) 29.4% of the New Common Stock subject to dilution by the Management Incentive Plan, Warrants, and the Rights Offering Equity and (b) 37.8% of the Subscription Rights. Impaired Entitled to Vote 2D General Unsecured Claims against Bonanza Creek Operating On the Effective Date, in full satisfaction of each Allowed General Unsecured Claim against Bonanza Creek Operating, each holder thereof shall be entitled to receive its Ratable Share of 17.6% of the New Common Stock subject to dilution by the Management Incentive Plan, Warrants, and the Rights Offering Equity. Impaired Entitled to Vote 3D-7D General Unsecured Claims against Debtors other than Bonanza On the Effective Date, in full satisfaction of each Allowed General Unsecured Claim against Debtors other than Bonanza Creek and Bonanza Creek Operating, each holder thereof shall be entitled to receive its Ratable Share of: (a) 48.5% of the New Common Stock subject to dilution by the Management Impaired Entitled to Vote
Entitled to Vote. TRA Claims On the Effective Date, each holder of an Allowed TRA Claim will receive, in full and final satisfaction of such TRA Claim, its Pro Rata share of (a) 4.08% of the New Common Shares issued pursuant to the Plan on the Effective Date, subject to dilution by the MIP Equity, and (b) the Preferred Stock Allocated Recovery to the extent the Preferred Stock Class does not receive such distribution pursuant to the Plan. The TRA Claims shall be cancelled on the Effective Date. Impaired-
Entitled to Vote. J2 GUC Claims On the Effective Date, each holder of an Allowed GUC Claim shall receive its pro rata share of the S.A. GUC Recovery. Impaired / Entitled to Vote J3 Intelsat Interests Holders of Interests shall retain their Interests subject to dilution by the issuance of New Common Stock and shall receive no distribution on account of such Interests.9 Impaired / Deemed to Reject 9 The Company may provide for the payment of cash in lieu of any fractional interest.
