Common use of Other Priority Claims Clause in Contracts

Other Priority Claims. On the Effective Date, each holder of an Allowed Other Priority Claim shall receive, in full satisfaction of its claim, at the option of the Debtors: (a) payment in full in cash or (b) other treatment rendering such claim unimpaired. Unimpaired; deemed to accept.

Appears in 3 contracts

Samples: Restructuring Support Agreement, Restructuring Support Agreement, Restructuring Support Agreement

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Other Priority Claims. On the Effective Date, each holder of an Allowed Other Priority Claim shall receive, in full satisfaction of its claimeach Allowed Other Priority Claim, at the option of the Debtors: (a) each holder thereof shall receive payment in full in cash or (b) other treatment rendering such claim unimpairedcash. Unimpaired; deemed to accept.

Appears in 2 contracts

Samples: Restructuring Support and Lock Up Agreement (C&J Energy Services Ltd.), Restructuring Support and Lock Up Agreement (C&J Energy Services Ltd.)

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Other Priority Claims. On the Effective Date, each holder except to the extent that a Holder of an Allowed Other Priority Claim shall receiveand the Debtor against which such Allowed Other Priority Claim is asserted agree to less favorable treatment for such Holder, in full satisfaction of its claim, at the option of each Allowed Other Priority Claim against the Debtors: (a) , each Holder thereof shall receive payment in full in cash or (b) other treatment rendering such claim unimpairedClaim Unimpaired. Unimpaired; deemed to accept.

Appears in 2 contracts

Samples: Restructuring Support and Lock Up Agreement (NRG Energy, Inc.), Restructuring Support and Lock Up Agreement (Sandridge Energy Inc)

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