Common use of Treatment of Classes of Claims and Interests Clause in Contracts

Treatment of Classes of Claims and Interests. Except to the extent that a holder of an Allowed Claim or Interest, as applicable, agrees to a less favorable treatment, such holder shall receive under the Plan the treatment described below in full and final satisfaction, settlement, release, and discharge of and in exchange for such holder’s Allowed Claim or Interest. Unless otherwise indicated, the holder of an Allowed Claim or Interest, as applicable, shall receive such treatment on the Effective Date, or as soon as practicable thereafter.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (DEX ONE Corp), Agreement and Plan of Merger (Supermedia Inc.)

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Treatment of Classes of Claims and Interests. Except to the extent that the Debtors or the Reorganized Debtors, as applicable, and a holder of an Allowed Claim or Interest, as applicable, agrees agree in writing to a less favorable treatment, such holder shall receive under the Plan the treatment described below in full and final satisfaction, settlement, release, and discharge of of, and in exchange for for, such holder’s Allowed Claim or InterestClaim. Unless otherwise indicated, the holder of an Allowed Claim or InterestClaim, as applicable, shall receive such treatment on the Effective Date, Date or as soon as reasonably practicable thereafter.

Appears in 1 contract

Samples: Restructuring Support Agreement (Ultra Petroleum Corp)

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Treatment of Classes of Claims and Interests. Except to the extent that the Debtors and a holder of an Allowed Claim or Interest, as applicable, agrees agree to a less favorable treatment, such holder shall receive under the Plan the treatment described below in full and final satisfaction, settlement, release, and discharge of and in exchange for such holder’s Allowed Claim or Interest. Unless otherwise indicated, the holder of an Allowed Claim or Interest, as applicable, shall receive such treatment on the Effective Date, Date or as soon as reasonably practicable thereafter.

Appears in 1 contract

Samples: Restructuring Support Agreement (EveryWare Global, Inc.)

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