Examples of Affected Unsecured Creditor in a sentence
Nothing in the Plan or Sanction Order shall require the Monitor or the Participating CCAA Parties to attempt to locate any Affected Unsecured Creditor, Employee, Governmental Authority or Secured Creditor whose distribution is not cashed within the aforesaid period.
If an Affected Secured Creditor fails to take possession, it shall be deemed to participate as an Affected Unsecured Creditor.
With respect to Affected Secured Claims, the Plan provides that, absent a Court Order or an agreement in writing between the Company and the Affected Secured Creditor, the Affected Secured Creditor must take possession of the collateral by a certain deadline set out in the Plan (at a value agreed with the Company or as determined by the Court) and participate as an Affected Unsecured Creditor for the balance of the claim.
Pursuant to Section 4.8 of the Plan, once a Disputed Distribution Claim against LIM or SMI becomes a Distribution Claim, the applicable Affected Unsecured Creditor is to receive the consideration provided for under the Plan.
For purposes of voting at the Meetings, each Affected Unsecured Creditor of each class shall be entitled to one vote as a member of that class equal to the dollar value of its respective Voting Claim.