Common use of Voting Classes; Presumed Acceptance by Non-Voting Classes Clause in Contracts

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders of Claims or Interests eligible to vote in such Class vote to accept or reject the Plan, the Holders of such Claims or Interests in such Class shall be deemed to have accepted the Plan.

Appears in 8 contracts

Samples: Intercreditor Agreement (CURO Group Holdings Corp.), Credit and Guaranty Agreement (QualTek Services Inc.), Restructuring Support Agreement (Avaya Holdings Corp.)

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Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders of Claims or Interests eligible to vote in such Class vote to accept or reject the Plan, the Plan shall be presumed accepted by the Holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 4 contracts

Samples: Restructuring Support Agreement (Core Scientific, Inc./Tx), Plan Support Agreement (Hertz Corp), Joinder Agreement (Hertz Corp)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders holders of Claims or Interests eligible to vote in such Class vote to accept or reject the Plan, the Holders holders of such Claims or Interests in such Class shall be deemed to have accepted the Plan.

Appears in 3 contracts

Samples: Plan Support Agreement (Vanguard Natural Resources, Inc.), Plan Support Agreement (Vanguard Natural Resources, Inc.), Restructuring Support Agreement (Jones Energy, Inc.)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders of Claims or Interests eligible to vote in such Class vote to accept or reject the Plan, the Debtors shall request the Bankruptcy Court to deem the Plan accepted by the Holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 3 contracts

Samples: Restructuring Support Agreement (Chaparral Energy, Inc.), Restructuring Support Agreement (Quorum Health Corp), EveryWare Global, Inc.

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders holders of Claims or Interests eligible to vote in such Class vote to accept or reject the Prepackaged Plan, the Holders holders of such Claims or Interests in such Class shall be deemed to have accepted the Prepackaged Plan.

Appears in 2 contracts

Samples: Restructuring Support Agreement (View, Inc.), Contingent Value Rights Agreement (Akumin Inc.)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders holder of Claims or Interests eligible to vote in such Class vote votes to accept or reject the Plan, the Holders Plan shall be presumed accepted by the holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 2 contracts

Samples: Restructuring Support Agreement (Ultra Petroleum Corp), Restructuring Support Agreement (Magnum Hunter Resources Corp)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders holder of Claims or Interests eligible to vote in such Class vote votes to accept or reject the Plan, the Holders Plan shall be presumed accepted by the holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 2 contracts

Samples: Stipulation, and Joinder Agreement (Seadrill LTD), www.sec.gov

Voting Classes; Presumed Acceptance by Non-Voting Classes. If With respect to each Debtor, if a Class contains contained Claims or Interests eligible to vote and no Holders holder of Claims or Interests eligible to vote in such Class vote votes to accept or reject the this Plan, this Plan shall be presumed accepted by the Holders holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 1 contract

Samples: Restructuring Support Agreement (Halcon Resources Corp)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders Holder of Claims or Interests eligible to vote in such Class vote votes to accept or reject the Plan, the Plan shall be presumed accepted by the Holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 1 contract

Samples: Restructuring Support Agreement (Martin Midstream Partners L.P.)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders holders of Claims or Interests eligible to vote in such Class vote to accept or reject the Plan, the Holders holders of such Claims or Interests in such Class shall be deemed to have accepted the Plan.

Appears in 1 contract

Samples: Subscription Agreement (5E Advanced Materials, Inc.)

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Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote on the Plan and no Holders Holder of Claims or Interests eligible to vote in such Class vote votes to accept or reject the Plan, the Plan shall be presumed accepted by the Holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 1 contract

Samples: Restructuring Support Agreement (Whiting Petroleum Corp)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote on the Plan and no Holders Holder of Claims or Interests eligible to vote in such Class vote votes to accept or reject the Plan, the Plan shall be presumed accepted by the Holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 1 contract

Samples: Restructuring Support Agreement (Parker Drilling Co /De/)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders of Claims or Interests eligible to vote in such Class vote to accept or reject the Plan, the Plan shall be presumed accepted by the Holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 1 contract

Samples: Settlement Agreement (Edison International)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote and no Holders of Claims or Interests eligible to vote in such Class vote to accept or reject the this Plan, this Plan shall be deemed accepted by the Holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 1 contract

Samples: Backstop and Private Placement Agreement (Diamond Offshore Drilling, Inc.)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote on the Plan and no Holders Holder of Claims or Interests eligible to vote in such Class vote votes to accept or reject the Plan, the Holders of such Claims or Interests in such Class shall be deemed to have accepted the Plan.

Appears in 1 contract

Samples: Credit Agreement (Gulfport Energy Corp)

Voting Classes; Presumed Acceptance by Non-Voting Classes. If a Class contains Claims or Interests eligible to vote on the Plan and no Holders Holder of Claims or Interests eligible to vote in such Class vote votes to accept or reject the Plan, the Plan shall be deemed to be accepted by the Holders of such Claims or Interests in such Class shall be deemed to have accepted the PlanClass.

Appears in 1 contract

Samples: Restructuring Support Agreement (Ion Geophysical Corp)

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