Allowed General Unsecured Claim definition

Allowed General Unsecured Claim means an unsecured Allowed Claim

Allowed General Unsecured Claim means any Allowed Claim that is not an Allowed Administrative Expense, Allowed Fee Claim, Allowed Secured Claim, Allowed Priority Tax Claim, or Allowed Priority (Non-Tax) Claim.

Allowed General Unsecured Claim has the meaning set forth in the Plan of Reorganization.

Examples of Allowed General Unsecured Claim in a sentence

• Each holder of an Allowed General Unsecured Claim is entitled to vote to accept or reject the Plan.

• Each Allowed Claim arising from the rejection of an Executory Contract or Unexpired Lease shall be treated as an Allowed General Unsecured Claim.

• Pursuant to the Plan, distributions to any holder of an Allowed General Unsecured Claim will be allocated first to the original principal amount of such Claim as determined for federal income tax purposes and then, to the extent the consideration exceeds such amount, to any portion of such Claim representing accrued original issue discount (“OID”) or accrued but unpaid interest.

• Each holder of an Allowed General Unsecured Claim is conclusively presumed to have accepted the Plan and is not entitled to vote to accept or reject the Plan under section 1126 of the Bankruptcy Code.

• Each holder of an Allowed General Unsecured Claim shall retain unaltered the legal, equitable and contractual rights to which such Claim entitles such holder and such Allowed General Unsecured Claim shall be Reinstated on the Effective Date.

More Definitions of Allowed General Unsecured Claim

Allowed General Unsecured Claim means an Allowed Claim that is a General Unsecured Claim.

Allowed General Unsecured Claim. An unsecured claim against the Company which either (i) was listed on the Company’s Schedules of Assets and Liabilities and not marked as “contingent,” “disputed” or “unliquidated”, (ii) allowed under the Plan or by an order of the Bankruptcy Court, or (iii) temporarily allowed pursuant to Bankruptcy Rule 3018 by an order of the Bankruptcy Court or a stipulation with the Company.

Allowed General Unsecured Claim means a General Unsecured Claim that is an Allowed Claim.

Allowed General Unsecured Claim means an unsecured Allowed Claim against the Debtor, however arising, not entitled to priority under Section 507(a) of the Bankruptcy Code, including, without limitation, an Allowed Claim based on the rejection of an executory contract or unexpired lease.

Allowed General Unsecured Claim means a General Unsecured Claim to the extent it is or becomes an Allowed Claim.

Allowed General Unsecured Claim means an Allowed Claim which is not entitled to priority under Section 507(a) of the Bankruptcy Code, or as to which the claimant does not have a validly perfected enforceable lien or security interest as defined in Sections 101(37), (50) and (51) of the Bankruptcy Code, or an Allowed Claim arising from the rejection of an unexpired lease or executory contract.

Allowed General Unsecured Claim means an Allowed Claim that is not an Allowed Secured Claim or an Allowed Priority Claim.