Allowed Class 4 Claims definition
Examples of Allowed Class 4 Claims in a sentence
In accordance with the Plan and this Agreement, on, or as soon as practical after, the Effective Date each holder of (i) Allowed Class 3 Claims under the Plan shall receive and hold its Pro Rata share of 25% of the Class B Litigation Trust Interests and (ii) Allowed Class 4 Claims under the Plan shall receive and hold its Pro Rata share of 75% of the Class B Litigation Trust Interests.
Holders of Allowed Class 4 Claims are not entitled to vote to accept or reject the Plan.
The total number of Litigation Trust Interests to be recorded on account of Allowed Class 3 Claims and Allowed Class 4 Claims will be adjusted as necessary to account for the rounding provided for herein.
In accordance with the Plan and this Agreement, on, or as soon as practical after, the Effective Date each holder of (i) Allowed Class 3 Claims under the Plan shall receive and hold its Pro Rata share of 50% of the Class A Litigation Trust Interests and (ii) Allowed Class 4 Claims under the Plan shall receive and hold its Pro Rata share of 50% of the Class A Litigation Trust Interests.
Holders of Allowed Class 4 Claims are conclusively presumed to have accepted the Plan under section 1126(f) of the Bankruptcy Code.
To the extent the amount reserved for such Disputed Claim exceeds the Allowed Amount, if any, of such Claim, the remainder shall be deposited in the Supplemental Distribution Account and distributed to Holders of Allowed Class 4 Claims in accordance with the provisions of Article V of the Plan.
Any such Claims that are resolved prior to the Effective Date, or legally determined to be subject to legally binding pre-petition settlement agreements, shall be treated and paid in the same manner as Allowed Class 4 Claims under the Plan.
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.
Whether or not the New AMCE Notes Exchange Option is exercised, the consideration provided for herein shall be in full satisfaction of the Allowed Class 4 Claims for all purposes, and without limiting the foregoing, will be deemed to fully satisfy all claims and rights of the holders of such claims against Harcourt General, Inc.
The Trust Certificates representing the Beneficial Interests of holders of Allowed Class 4 Claims shall be distributed to such holders after all Disputed Class 4 Claims have been resolved as provided in the Plan.