Common use of Other Priority Claims Clause in Contracts

Other Priority Claims. Except to the extent that a holder of an allowed Other Priority Claim agrees to less favorable treatment, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each such Claim, each holder thereof shall receive payment in full in cash or such other treatment rendering its allowed Other Priority Claim unimpaired in accordance with section 1124 of the Bankruptcy Code. Unimpaired / Deemed to Accept

Appears in 8 contracts

Samples: Plan Support Agreement (Garrett Motion Inc.), Plan Support Agreement (Garrett Motion Inc.), Plan Support Agreement (Oaktree Capital Management Lp)

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Other Priority Claims. Except to the extent that a holder Holder of an allowed Allowed Other Priority Claim agrees to less favorable treatment, on the Plan Effective Date, or as soon as reasonably practicable thereafter, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each such Allowed Other Priority Claim, each holder Holder thereof shall receive payment in full in cash or such other treatment rendering its allowed Allowed Other Priority Claim unimpaired Unimpaired in accordance with section 1124 of the Bankruptcy Code. Unimpaired / Deemed Unimpaired; deemed to Acceptaccept.

Appears in 2 contracts

Samples: Restructuring Support Agreement (FTS International, Inc.), Restructuring Support Agreement (FTS International, Inc.)

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Other Priority Claims. Except to the extent that a holder Holder of an allowed Allowed Other Priority Claim agrees to less favorable treatment, on the Plan Effective Date, or as soon as reasonably practicable thereafter, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each such Allowed Other Priority Claim, each holder Holder thereof shall receive payment in full in cash Cash or such other treatment rendering its allowed Allowed Other Priority Claim unimpaired Unimpaired in accordance with section 1124 of the Bankruptcy Code. Unimpaired / Deemed Unimpaired; deemed to Acceptaccept

Appears in 1 contract

Samples: Restructuring Support Agreement (Jason Industries, Inc.)

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