Other Secured. Claims Except to the extent that a holder of an allowed Other Secured 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, at the option of the Plan Sponsors: (a) payment in full in cash; (b) delivery of the collateral securing its allowed Other Secured Claim and payment of any interest required under section 506(b) of the Bankruptcy Code; (c) reinstatement of its allowed Other Secured Claim; or (d) such other treatment rendering its allowed Other Secured Claim unimpaired in accordance with section 1124 of the Bankruptcy Code. Unimpaired / Deemed to Accept
Other Secured. Claims On the Effective Date, in full satisfaction of each Allowed Other Secured Claim against the Debtors, each Holder thereof shall receive, at the option of the applicable Debtor: (a) payment in full in cash; (b) delivery of the collateral securing any such Claim and payment of any interest required under section 506(b) of the Bankruptcy Code; (c) Reinstatement of such Other Secured Claim; or (d) other treatment rendering such Claim Unimpaired. Unimpaired; deemed to accept.
Other Secured. Claim Any secured Claim, other than (a) an ABL Claim, (b) a DIP ABL Facility Claim, (c) a Term Loan Claim, or (d) a DIP Term Facility Claim. Priority Tax Claim Any Claim of a Governmental Unit (as set forth in section 101(27) of the Bankruptcy Code) of the kind specified in section 507(a)(8) of the Bankruptcy Code. Professional An Entity retained in the Chapter 11 Cases pursuant to a final order in accordance with sections 327, 363, and 1103 of the Bankruptcy Code and to be compensated for services rendered prior to or on the Plan Effective Date pursuant to sections 327, 328, 329, 330, 331, or 363 of the Bankruptcy Code. Professional Fee Claims All Claims for accrued, contingent, and/or unpaid fees and expenses (including transaction and success fees) incurred by a Professional in the Chapter 11 Cases on or after the Petition Date and through and including the date on which the Confirmation Order is entered that the Bankruptcy Court has not denied by final order. To the extent that the Bankruptcy Court or any higher court of competent jurisdiction denies or reduces by a final order any amount of a Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Professional Fee Claims. Proof of Claim A proof of Claim filed in the Chapter 11 Cases. Related Party With respect to any person or Entity, each of, and in each case in its capacity as such, current and former directors, managers, officers, investment committee members, special or other committee members, equity holders (regardless of whether such interests are held directly or indirectly), affiliated investment funds or investment vehicles, managed accounts or funds, predecessors, participants, successors, assigns, subsidiaries, Affiliates, partners, limited partners, general partners, principals, members, management companies, fund advisors or managers, employees, agents, trustees, advisory board members, financial advisors, attorneys (including any other attorneys or professionals retained by any current or former director or manager in his or her capacity as director or manager of an Entity), accountants, investment bankers, consultants, representatives, and other professionals and advisors of such person or Entity, and any such Person’s or Entity’s respective heirs, executors, estates, and nominees. Released Party Collectively, each of the following in their capacity as such: (a) each of the Debtors; (b) the Reorganized Debtors; (c) each of the Consenting Stakeho...
Other Secured. Claims Allowed other secured claims (including outstanding industrial revenue bonds) shall be unimpaired. Except to the extent that a holder of an allowed other secured claim and the Debtors agree to a different treatment, which shall be reasonably satisfactory to the Substantial Equityholders, at the sole option of the Debtors, in full and final satisfaction of such claim, (i) each allowed other secured claim shall be reinstated and rendered unimpaired in accordance with section 1124(2) of the Bankruptcy Code, notwithstanding any contractual provision or applicable nonbankruptcy law that entitles the holder of an allowed other secured claim to demand or to receive payment of such allowed other secured claim prior to the stated maturity of such allowed other secured claim from and after the occurrence of a default, (ii) each holder of an allowed other secured claim shall receive cash in an amount equal to such allowed other secured claim plus Post-Petition Interest, in full and complete satisfaction of such allowed other secured claim on the later of the initial distribution date under the First Amended Plan and the date such other secured claim becomes an allowed other secured claim, or as soon thereafter as is practicable, or (iii) each holder of an allowed other secured claim shall receive the collateral securing its allowed other secured claim plus Post-Petition Interest in full and complete satisfaction of such allowed other secured claim on the later of the initial distribution date under the First Amended Plan and the date such other secured claim becomes an allowed other secured claim, or as soon thereafter as is practicable. Senior Secured Note Claims Allowed Senior Secured Note claims shall be unimpaired. With respect to the Senior Secured Notes, the Company and the Significant Equityholders (other than Gxxxxxx, Sxxxx & Co.) agree that the First Amended Plan shall provide that the Senior Secured Note claims shall be allowed in the aggregate amount of $312,452,083.33 plus Post-Petition Interest, but excluding any call premiums or any prepayment penalties. Each holder of an allowed Senior Secured Note claim shall be paid in full in cash on the initial distribution date under the First Amended Plan, or as soon thereafter as is practicable. Senior Subordinated Note Claims Allowed Senior Subordinated Note claims shall be unimpaired. The Senior Subordinated Note claims shall be allowed in the aggregate amount of $208,150,130.55. Each holder of an allow...
Other Secured. Voting Rights: Unimpaired; deemed to accept and not entitled to vote on the Plan. Treatment: In full and final satisfaction of the Other Secured Claims against the GMACM Debtors, on or as
Other Secured. Claims The allowed other secured Claims are unimpaired and holders of allowed other secured Claims may not vote to accept or reject the Plan. Except to the extent that a holder of an allowed other secured claim and the Debtor agree to less favorable treatment to such holder, at the sole option of the Debtor, (a) each allowed other secured claim shall be reinstated and rendered unimpaired in accordance with section 1124(2) of the Bankruptcy Code, notwithstanding any contractual provision or applicable non-bankruptcy law that entitles the holder of an allowed other secured Claim to demand or to receive payment of such allowed other secured Claim prior to the stated maturity of such allowed other secured Claim from and after the occurrence of a default, (b) each holder of an allowed other secured Claim shall be paid in full in cash on the later of the initial distribution date under the Plan and the date such other secured Claim becomes an allowed other secured Claim, or as soon thereafter as is practicable, or (c) each holder of an allowed other secured Claim shall receive the collateral securing its allowed other secured Claim on the later of the initial distribution date under the Plan and the date such other secured Claim becomes an allowed other secured Claim, or as soon thereafter as is practicable. Convertible Subordinated Note Claims The subordinated convertible note Claims are impaired. [Further treatment TBD.]
Other Secured. Claims On the Effective Date, except to the extent that a holder of an Allowed Secured Claim agrees to a less favorable treatment, in full and complete satisfaction of such claim, each holder of an Allowed Other Secured Claim shall receive either (i) payment in full in cash of the unpaid portion of its Allowed Other Secured Claim (as determined by settlement or order of the Bankruptcy Court), or (ii) such other recovery that results in the unimpairment of the Allowed Other Secured Claim in accordance with section 1124 of the Bankruptcy Code. Unimpaired and not entitled to vote.
Other Secured. Claims On the Effective Date, in full satisfaction of each Allowed Other Secured Claim, each holder thereof shall receive, at the option of the applicable Debtor, with the consent (such consent not to be unreasonably withheld) of the Required Supporting Creditors: (a) payment in full in cash; (b) the collateral securing its Allowed Other Secured Claim; (c) Reinstatement of its Other Secured Claim; or (d) such other treatment rendering its Allowed Other Secured Claim Unimpaired in accordance with section 1124 of the Bankruptcy Code. Unimpaired; deemed to accept.
Other Secured. Claim Means a secured Claim, other than (i) an Administrative Expense Claim, (ii) a DIP Claim, to the extent the DIP Facility is provided, (iii) a Priority Tax Claim, (iv) a Secured Bridge Facility Claim, (v) a Specified Derivatives Claim, (vi) a Derivatives Claim and (vii) a Secured Property-Level Debt Claim. Priority Tax Claim Means any secured or unsecured Claim of a governmental unit of the kind entitled to priority in payment as specified in sections 502(i) and 507(a)(8) of the Bankruptcy Code. Reissued Equity That certain number of shares (common and preferred) in the capital of PREIT, as the Reorganized Debtor, authorized pursuant to the Plan that shall be initially issued and outstanding or reinstated pursuant to the Plan as of the Effective Date, in accordance with the applicable law.
Other Secured. Claims19 Except to the extent that a holder of an Allowed Other Secured 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 such Allowed Other Secured Claim, each holder thereof shall receive, at the election of the applicable Debtor(s), with the consent of the Required Consenting Lenders, or Reorganized Debtor(s) (as defined below), as applicable: (a) payment in full in cash; (b) the collateral securing its Allowed Other Secured Claim; (c) reinstatement of its Allowed Other Secured Claim; or (d) such other treatment rendering its Allowed Other Secured Claim unimpaired in accordance with section 1124 of the Bankruptcy Code. Voting: Other Secured Claims are unimpaired under the Plan and, therefore, deemed to accept the Plan, except to the extent the holder of an Allowed Other Secured Claim agrees to less favorable treatment and is therefore impaired and thereby entitled to vote to accept or reject the Plan.
