Allowed Unsecured Claim definition
Examples of Allowed Unsecured Claim in a sentence
At any time following the date on which the Liquidating Trust determines, in its sole discretion, that a holder of an Allowed Unsecured Claim complies in full with the requirements of Section 4.5(a), but in any event, as soon as practicable following the beginning of the fiscal quarter next following such date, the Liquidating Trust shall distribute to such holder the Units and any distributions thereon to which such holder is entitled.
Except to the extent the holder of an Allowed Unsecured Claim agrees otherwise, each holder of an Allowed Unsecured Claim shall be paid the full amount of the Claim, in Cash, including interest at the Legal Rate as provided in the Plan, as soon as practicable after the later of (i) thirty (30) days after the Effective Date, or (ii) the date on which such Claim becomes an Allowed Claim.
General Unsecured Claims (collectively, the “Allowed Unsecured Claims”), to each holder based on the amount of its Allowed Unsecured Claim as a percentage of the aggregate amount of all Allowed Unsecured Claims.
In addition to the uncertainty regarding any distribution to the Allowed Unsecured Claim, the amount you are eligible to receive may change depending on the participation of other members of the Settlement Class and the District Court’s approval of the Settlement.
C1 Unsecured Claims Except to the extent that a Holder of an Allowed Unsecured Claim against ▇▇▇▇▇▇▇ Subsidiaries agrees to less favorable treatment of its Allowed Claim, in full and final satisfaction, settlement, release, and discharge of and in exchange for each Unsecured Claim against ▇▇▇▇▇▇▇ Subsidiaries, each Holder of an Allowed Unsecured Claim against ▇▇▇▇▇▇▇ Subsidiaries shall receive its Pro Rata share of the ▇▇▇▇▇▇▇ Unsecured Recovery.