Convenience Claim Election definition

Convenience Claim Election means a General Unsecured Claim or Sales Representative Commission Claim that is for an amount that is greater than $1,000.00, but for which the holder of such Claim timely and irrevocably elected on the Ballot to have his/her/its Claim irrevocably reduced to a Claim of $1,000.00 and to be classified and treated as a Class 4 Convenience Claim.
Sample 1Sample 2Sample 3
Convenience Claim Election means a timely election by a Holder of a General Unsecured Claim to reduce its aggregate Allowed Claim to $4,000 and agree to the classification and treatment of its Allowed Claim as a Class 4 Convenience Class Claim made in connection with, and pursuant to the procedures approved by the Bankruptcy Court governing, voting on the Plan.
Sample 1Sample 2Sample 3
Convenience Claim Election means the election available pursuant toSection 3.3.4 of this Plan to the Holder of any Claim against SSCE that (i) is in an amount greater than $10,000 and (ii) would otherwise be classified as a General Unsecured Claim (other than a Prepetition Note Claim, an Industrial Revenue Bond Claim, or a Hodge Industrial Revenue Bond Claim) against SSCE. All Convenience Claim Elections shall be final and irrevocable.
Sample 1

Examples of Convenience Claim Election in a sentence

  • The Debtors are not soliciting acceptances from the Holders of Claims in Classes Mining 7 and Metals 4 because Holders of such Claims are deemed to have accepted the Plan by making the Convenience Claim Election.

  • Indicate your choice either to accept or decline the Convenience Claim Election by checking the proper box in Item 3 for the Class 4 Unsecured Claim (Group 4-E) held by you.

  • Indicate your choice either to accept or decline the Convenience Claim Election by checking the proper box in Item 4 for the Class 4 Unsecured Claim (Group 4-A) held by you.


More Definitions of Convenience Claim Election

Convenience Claim Election means an election made by the holder of any Claim on or before the Voting Deadline, to be treated as a Convenience Claim in Class 6, provided, however, that holders of Credit Holders’ Claims may not make a Convenience Claim Election. A Convenience Claim Election must be made in an authenticated written notice to the Chapter 11 Trustee, whereby the holder of such Claim voluntarily elects, if the Claim is, or may be, greater than $5,000, voluntarily to reduce the amount of the Claim to $5,000. Such an election constitutes an irrevocable waiver and release of all amounts in excess of $5,000, any rights in Collateral and any priority. Any holder that makes a Convenience Class Election shall be deemed to release the Debtor and the Estate from any and all liability for amounts in excess of
Sample 1Sample 2
Convenience Claim Election means an irrevocable election made on the Ballot by the Holder of a Claim that would otherwise be a General Unsecured Claim against a Debtor that is not a Non-Obligor Debtor, iHC, or a TTWN Debtor in an amount greater than $50,000 to reduce such Claim to$50,000.
Sample 1Sample 2
Convenience Claim Election means the election of the Holder of a TUSA General Unsecured Claim with an Allowed amount greater than $150,000 to reduce the Allowed amount of such Claim to $150,000 and to have such Claim treated as a Convenience Claim, as set forth on such Holder’s ballot.
Sample 1
Convenience Claim Election means the election available to a holder of an Allowed General Unsecured Claim asserted in an amount greater than $1,000,000 to opt to receive its Pro Rata share of the Convenience Claim Distribution in full and complete satisfaction, discharge and release of such Allowed General Unsecured Claim; provided, that in making such election, the holder of such Allowed General Unsecured Claim has
Sample 1

Related to Convenience Claim Election

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

  • Rejection Damages Claim means any Claim on account of the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code.

  • Pre-Service Claim means a claim for a medical care benefit with respect to which the plan conditions receipt of the benefit, in whole or in part, on approval of the benefit in advance of receipt of care.

  • Disputed Claim means any Claim that is not Allowed.

  • Post-Service Claim means a claim for payment for medical care that already has been provided.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Election judge means a poll worker that is assigned to:

  • Claims Objection Bar Date means the deadline for objecting to a Claim, which shall be on the date that is the later of (a) 180 days after the Effective Date and (b) such other period of limitation as may be specifically fixed by the Debtors or the Reorganized Debtors, as applicable, or by an order of the Bankruptcy Court for objecting to Claims.

  • Unsecured Claim means any Claim that is not a Secured Claim.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

  • Cure Claim means a Claim (unless waived or modified by the applicable counterparty) based upon a Debtor’s defaults under an Executory Contract or an Unexpired Lease assumed by such Debtor under section 365 of the Bankruptcy Code, other than a default that is not required to be cured pursuant to section 365(b)(2) of the Bankruptcy Code.

  • Primary election means any regular primary election held under the election

  • Plan Distribution means a payment or distribution to Holders of Allowed Claims, Allowed Interests, or other eligible Entities under and in accordance with the Plan.

  • Preference Claim As defined in Section 4.02 hereof.

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • Unsecured Claims means claims which are not secured by any property of the Debtor’s Estate and which are not part of any other class defined in this Plan.

  • Form of Election has the meaning assigned in Section 3.3(b).

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

  • Convenience fee means a fee charged to the cardholder for the convenience to that cardholder of using a particular method of payment in a credit or debit card transaction in accordance with the network regulations governing that transaction.

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Rejection Claim means a Claim arising from the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Confirmation Hearing means the hearing held by the Bankruptcy Court pursuant to section 1128 of the Bankruptcy Code to consider confirmation of this Plan, as such hearing may be adjourned or continued from time to time.

  • by-election means an election other than a general election;