Allowed Class 4 Claim definition
Examples of Allowed Class 4 Claim in a sentence
Each holder of an Allowed Class 4 Claim shall have its Allowed Class 4 Claim reinstated and rendered Unimpaired in accordance with section 1124(2) of the Bankruptcy Code.
To the extent distributions in respect of any Allowed Class 4 Claims are not made on the Effective Date, interest shall accrue on the unsatisfied portion of such Allowed Class 4 Claim from the Effective Date until the date on which distribution is actually made in respect thereof at the rate set for the initial issuance of Senior Notes under the Plan, compounded on each interest payment date under the Senior Notes so issued.
Each Class A Beneficial Interestholder that is the holder of an Allowed Class 4 Claim shall have a Beneficial Interest in a pro rata distribution (based upon the amount of its Class 4 Claim) of 5.5% of the Remaining Assets and the Trust Certificates evidencing such Beneficial Interest.
Each holder of an Allowed Class 4 Claim will receive, as payment in full, on or as soon as practicable following the Effective Date, or if later, the Allowance Date, the sum of (a) a cash payment equal to the lesser of 24% of each such holder's Allowed Class 4 Claim or a pro rata share of $315.6 million and (b) Senior Notes in a principal amount equal to the balance of such holder's Allowed Class 4 Claim.
On the date such Distribution is made, to the extent such Allowed Claim is an Allowed Class 4 Claim, the Holder of such Allowed Claim shall be issued a Series A Beneficial Interest as of such date and shall be entitled to its share of subsequent Distributions to the Series A Beneficiaries pursuant to Section 5.3 and the Series B Beneficial Interest of such Holder shall be deemed cancelled.
Each holder of an Allowed Class 4 Claim shall have its Allowed Class 4 Claim reinstated and rendered Unimpaired in accordance with section 1124 of the Bankruptcy Code.
Except to the extent that a Holder a First Lien Deficiency Claim agrees to less favorable treatment, on the Plan Effective Date, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each Allowed Class 4 Claim, each Holder thereof shall receive no distribution.
On the Effective Date, or as soon thereafter as practicable, each holder of an Allowed Class 4 Claim will receive New AMCE Notes with a face amount equal to 100 percent of its Allowed Class 4 Claim; provided, however, that each holder of a Class 4 Claim may elect to receive, in lieu of its New AMCE Notes, cash in an amount equal to 87.5 percent of the New AMCE Notes to which it would otherwise be entitled (such option being hereinafter referred to as the "New AMCE Notes Exchange Option").
Simultaneously with the execution of this Agreement, and from time to time hereafter to the extent an Unresolved Claim or Disputed Claim becomes an Allowed Class 4 Claim, each Holder of an Allowed Class 4 Claim shall be issued a Series A Beneficial Interest.
The M▇▇▇▇▇ Trust Plaintiffs and the Oaktree Plaintiffs shall not be considered holders of the Allowed Class 4 Claim and, therefore, will not be entitled to a distribution under paragraph 2(a) of this Agreement should there be funds available for a distribution to holders of the Allowed Class 4 Claim.