Examples of Convenience Class in a sentence

Any such election must be made on the Ballot, and, except as may be agreed to by the Debtors or the Reorganized Debtors, no Holder of a General Unsecured Claim can elect the treatment as an Unsecured Convenience Class Claim after the Voting Deadline.
The Convenience Class Election shall only be effective if the Effective Date occurs.
If a General Unsecured Creditor with an Accepted Claim, who is not a Convenience Class Creditor, does not deliver a Distribution Election Notice prior to the Distribution Election Deadline, such General Unsecured Creditor shall be deemed to have made a 75% Distribution Election.
Class 6 comprises the Convenience Class Claims against the Debtors.
Under the Plan, holders of Allowed Convenience Class Claims are entitled to receive a pro rata payment from a $700,000 fund allocated to all Allowed Convenience Class Claims under the Plan.

More Definitions of Convenience Class

Convenience Class means all Allowed Unsecured Claims less than $2,500.00.

Convenience Class means the Creditors who are unsecured creditors in respect of the provison of goods or services to the Applicant with Proven Claims of $1,000.00 or who elect to waive any amount of their Proven Claim in excess of $1,000.00 and receive payment under Section 4.1 of this Plan;

Convenience Class means the Class of creditors who are Holders of Convenience Claims.

Convenience Class means Class 5B-2.

Convenience Class for Borrower Claims under the Plan, subject to the reasonable consent of the Creditors’ Committee, the Debtors, Ally and Xxxxxxx Counsel.

Convenience Class means Holders of general unsecured claims in an allowed amount of less than $10,000.

Convenience Class means Holders of General Unsecured Claims where each such Holder’s claims are in an Allowed aggregate amount of less than $10,000.