Second Lien Claims Allowance Clause Samples

Second Lien Claims Allowance. The Second Lien Claims shall be allowed in the aggregate amount of no less than $472,121,609.38 million against each of the Debtors that are obligors under the Second Lien Indenture. Each holder of an allowed Second Lien Claim will receive its pro rata share of 7.25% of the New Common Equity outstanding on the Plan Effective Date, subject to the Equity Dilution, as described on Exhibit C.