Examples of Affected Unsecured Claims in a sentence
On the Plan Implementation Date, in accordance with the provisions of the Plan and Sanction Order, the treatment of Affected Claims (including Proven Claims and Unresolved Affected Unsecured Claims) and all Released Claims, in each case as set forth herein, shall be final and binding on all Sears Canada Entities, all Affected Creditors (and their respective heirs, executors, administrators, legal personal representatives, successors and assigns) and any Person holding a Released Claim.
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Any and all Affected Unsecured Claims in respect of the Transferred Assets shall be fully, finally, irrevocably and forever released, waived, discharged, cancelled and barred on the Plan Implementation Date, provided that any litigation or enforcement process against the Applicants for a non-monetary remedy in respect of any such Transferred Assets may be continued against (and in the name of) AssetCo (and, for greater certainty, not against the Applicants).
As the Proven Affected Unsecured Claims of Creditors of Former Corbeil are to be paid in full under the Plan, no holder of an Affected Unsecured Claim against Former Corbeil shall be a member of eitherUnsecured Creditor Class, be entitled to vote on or approve the Plan or attend at any Meeting in respect of such Affected Unsecured Claim.
For the avoidance of doubt, the SSC Canada Distribution Pool and the Smurfit-MBI Distribution Pool shall not be available for distribution to the Holders of Affected Unsecured Claims if the Classes of Affected Unsecured Claims against either SSC Canada or Smurfit-MBI fail to accept the Plan.