Examples of Consenting Class in a sentence
In addition, for purposes of applying the Pro Rata formula, the total amount of Allowed Class UM-2 Claims and Disputed Class UM-2 Claims shall be determined irrespective of whether the holders of such Claims are Consenting Class UM-2 Holders.
With respect to any Allowed Class UM-2 Claims held by an entity that is not a Consenting Class UM-2 Holder, (i) any and all contractual subordination provisions shall remain in effect and shall be enforced under the Plan, and (ii) any consideration that would otherwise be distributed on account of such Allowed Class UM-2 Claims under this Plan shall instead be distributed at the direction of the MHG Senior Credit Facility Agent for the benefit of the holders of Allowed Class SM-1 Claims.
With respect to each Consenting Class UP-2 Holder of Allowed Class UP-2 Claims, (i) the MPAN Senior Credit Facility Claim Holders waive their contractual subordination rights against such Consenting Class UP-2 Holder, and (ii) the distributions to such Consenting Class UP-2 Holder on account of its Allowed Class UP-2 Claims shall not be subject to levy, garnishment, attachments, or other legal process by any holder of MPAN Senior Credit Facility Claims by reason of claimed contractual subordination rights.
The subordination rights of the MHG Senior Credit Facility Claim Holders under the MHG Indenture shall be modified with respect to Consenting Class UM-2 Holders as provided in the treatment of Class UM-2 under this Plan.
Each holder of an Allowed Class UP-2 Claim that is also a Consenting Class UP-2 Holder shall receive, in full satisfaction of such Claim, a Pro Rata share of the MPAN Subordinated Note Claims Distribution Fund.