Common use of Other Secured Clause in Contracts

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 Except to the extent that a holder Holder of an allowed 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 each such Allowed Other Secured Claim, each holder Holder thereof shall receive, at the option of the Plan Sponsorsapplicable Debtor(s), or Reorganized Debtor(s), as applicable: (a) payment in full in cashCash; (b) delivery of the collateral securing its allowed Allowed Other Secured Claim and payment of any interest required under section 506(b) of the Bankruptcy CodeClaim; (c) reinstatement Reinstatement of its allowed Allowed Other Secured Claim; or (d) such other treatment rendering its allowed Allowed Other Secured Claim unimpaired Unimpaired in accordance with section 1124 of the Bankruptcy Code. Unimpaired / Deemed Unimpaired; deemed to Acceptaccept

Other Secured. Claims Except to the extent that a holder of an allowed Allowed Other Secured Claim agrees to less favorable treatmenttreatment of its Allowed Other Secured Claim, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each such Allowed Other Secured Claim, on the Effective Date, each holder thereof of such Allowed Other Secured Claim shall receive, at the Debtors’ option and subject to the consent of the Plan Sponsors: Required Consenting Creditors, either (ai) payment in full in cash; Cash, (bii) 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 such Allowed Other Secured Claim; , (iii) Reinstatement of such Allowed Other Secured Claim, or (div) such other treatment rendering its allowed such Allowed Other Secured Claim unimpaired Unimpaired in accordance with section 1124 of the Bankruptcy Code. Unimpaired / Unimpaired; Deemed to Accept.