Non-Priority Unsecured Claims Sample Clauses

Non-Priority Unsecured Claims. Except to the extent that a particular claimant agrees to a less favorable treatment approved by the Sponsor, holders of non-priority unsecured claims allowed under section 502 of the Bankruptcy Code (the "Unsecured Claims"), including, without limitation, obligations arising under or in connection with that certain convertible senior note issued on March 26, 2014, will receive their pro rata shares of the Non-Sponsor Stock (as defined below) in satisfaction of such Unsecured Claims, unless a claimant participates in the Convenience Class (as defined below). (1) The Plan shall provide for treatment of a class of Unsecured Claims that, for administrative convenience, will receive treatment different from the Unsecured Claims in the Unsecured Claims class (such class receiving different treatment, the "Convenience Class"). The Convenience Class will comprise all Unsecured Claims of a single holder of a type that would otherwise be included in the Unsecured Claims Class that are either (i) a maximum dollar amount or less in the aggregate or (ii) greater than such maximum dollar amount in the aggregate but as to which such holder has made an election (the "Convenience Class Election") on the ballot for voting on the Plan to have such claim treated as a claim in the Convenience Class (all such claims, the "Convenience Claims"). The parties shall negotiate in good faith regarding the maximum dollar amount to be set forth in the Plan, which shall take into account the working capital needs of the Reorganized Company as of the Effective Date.