Convenience Claim definition

Convenience Claim means a Claim that would otherwise be an Other Unsecured Claim that is

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Convenience Claim means a Claim that would otherwise be classified as a General Unsecured Claim that is (i) in the amount of $1,000 or less or (ii) in an amount greater than $1,000 if the Holder of such Claim elects, on such Holder’s timely cast ballot for voting on the Plan, to (x) reduce its Claim to the amount of $1,000 and (y) accept the distribution set forth in Article III.D hereof in full satisfaction, settlement and release, and discharge of such Claim, as such Class is authorized pursuant to the provisions of Bankruptcy Code section 1122.

Convenience Claim means any (a) FairPoint Communications Unsecured Claim in an amount equal to ten thousand dollars ($10,000.00) or less, and/or

Examples of Convenience Claim in a sentence

A classification or valid election to participate as (x) a Convenience Claim as defined in the Plan or (y) a Cross-Border Convenience Claim as defined in the CCAA Plan will be binding for purposes of voting and distributions under both Plans.
Tort Claims means any Claim (including punitive damages claims to the extent permitted by the Bankruptcy Court and not otherwise subordinated under applicable law), other than a Convenience Claim, which arose prior to the Commencement Date and related to personal injury, property damage, products liability, wrongful death, or any other similar Claims against any of the Debtors arising in tort, including, without limitation, any such Claims, or portions thereof, which are Insured Claims.
As itemized in Paragraph 4, each of the following parties shall have an Allowed General Unsecured Claim or Allowed Convenience Claim (“Allowed Claims”) in the total amount listed below: Claimant Total Allowed General Unsecured Claims Total Allowed Convenience Claims United States on behalf of EPA, DOI and NOAA $15,358,174.00 $0 Operating Industries Steering Committee $800,000 $0 JIS Performing Party Group $750,000 $0 Carolina Power & Light d/b/a Progress Energy Carolinas, Inc.
By checking the box below, the undersigned holder of an NRG Unsecured Claim in Class 5 elects to have its Class 5 NRG Unsecured Claim reduced to $50,000 (to the extent such Allowed Claim exceeds $50,000) and treated as a Convenience Claim under the Plan and to receive the treatment specified in Section 4.6 of the Plan, as well be as be deemed to have voted to accept the Plan (notwithstanding any contrary vote in Item 1).
Within 45 days of the Closing Date, the Allowed Amount of each Convenience Claim shall be paid in full.

More Definitions of Convenience Claim

Convenience Claim means any Claim in an amount equal to or less than $100,000.00 that would otherwise qualify as a General Unsecured Claim.

Convenience Claim means any Affected Claim that is equal to or less than $10,000, provided that: (a) any Claim denominated in a foreign currency will be converted to Canadian dollars at the Bank of Canada noon spot exchange rate (if available) or the spot exchange rate in effect on the Filing Date for the sole purpose of determining whether or not it is less than or equal to $10,000; (b) Creditors shall not be entitled to divide a Claim for the purpose of qualifying such Claim as a Convenience Claim; and (c) Creditors shall be permitted to make a Convenience Election to reduce the amount of their Allowed Affected Claim to

Convenience Claim means any Allowed GUC Claim in an Allowed amount that is greater than $0 but less than or equal to $15,000; provided that a Holder of an Allowed GUC Claim in excess of $15,000 may irrevocably elect on its Ballot to have such Claim irrevocably reduced to $15,000 and treated as a Convenience Claim for the purposes of the Plan, in full and final satisfaction of such Claim.

Convenience Claim means any Affected Claim that is not more than $15,000, provided that

Convenience Claim means any Claim that would otherwise be a General Unsecured Claim that is Allowed in an amount of $50,000 or less; provided that a holder of a General Unsecured Claim that is Allowed in an amount greater than

Convenience Claim means an Allowed General Unsecured Claim with a Face Amount equal to or less than $25,000.

Convenience Claim means any Allowed Unsecured Claim, excluding Asbestos Personal Injury Claims and Bondholder Claims, otherwise entitled to treatment as a General Unsecured Claim, which is $1,000 or less when aggregated with the other Unsecured Claims of such holder, or, in the alternative, is reduced by election of such holder on such holder’s Ballot, together with all other Unsecured Claims of such holder, to an aggregate Unsecured Claim of $1,000.