Convenience Class Claim definition

Convenience Class Claim means any Unsecured Claim that is asserted against the Debtors in an amount that is less than $100, or any Unsecured Claim the holder of which has agreed to accept $100 or less in full satisfaction of such Claim.

Convenience Class Claim means an Unsecured Claim (i) Scheduled or Filed in an amount less than or equal to $2,000, (ii) Allowed in an amount less than or equal to $2,000 or (iii) as to which the Holder of such Unsecured Claim has elected (by marking the appropriate box on its Ballot) to reduce its Claim to $2,000 in order to have its Claim treated as a Convenience Class Claim.

Convenience Class Claim means a claim against a WV Debtor that is in an amount of less than $100.00.

Examples of Convenience Class Claim 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.

• You have been identified as a Creditor of the Debtors that may hold a Convenience Class Claim.

• The amount of your Convenience Class Claim is the amount stated in US$ on the face of the proof of claim you filed in the Bankruptcy Case or, if you did not file a proof of claim, the amount of your Claim in US$ that is reflected in the Debtors’ Schedules.

• The Class 4 Ballot contains an election to have your General Unsecured Claim treated as a Convenience Class Claim, pursuant to Article IX.B.3.

• Affected Creditors (excluding Noteholders) with Proven Distribution Claims in excess of $5,000 that wish to elect to have their Proven Distribution Claims treated as Convenience Class Claims must deliver a duly completed and executed Convenience Class Claim Declaration to the Monitor prior to 5:00 p.m. (Toronto time) on July 15, 2010, in which case such Proven Distribution Claim shall be treated for all purposes as a Convenience Class Claim in the amount of $5,000.

More Definitions of Convenience Class Claim

Convenience Class Claim means (a) any Accepted Claim of a General Unsecured Creditor in an amount that is less than or equal to $15,000, and (b) any Accepted Claim of a General Unsecured Creditor in an amount greater than $15,000 if the relevant Creditor has made a valid Convenience Class Distribution Election for purposes of this Plan in accordance with the Creditors’ Meeting Order and this Plan;

Convenience Class Claim means an Allowed Unsecured Claims equal to or less than five thousand dollars ($5,000.00) and or an Allowed Unsecured Claim that exceeds five thousand dollars ($5,000.00) and whose Holder has elected to voluntarily to reduce the Allowed Amount of such Claim to five thousand dollars ($5,000.00), waive and release any excess amount of such Claim and any remaining Claims against the Debtors, their Estates, and the Liquidating Trustee, and participate in Class 7.

Convenience Class Claim means: (a) one or more Proven Claims of an Affected Creditor that are less than or equal to $2,500 in the aggregate; and (b) one or more Proven Claims of an Affected Creditor in an amount in excess of $2,500 in the aggregate and which the relevant Affected Creditor has validly elected to value at $2,500 for the purposes of the Plan pursuant to a Convenience Class Claim Election;

Convenience Class Claim means one or more Proven Claims of a Convenience Class Creditor;

Convenience Class Claim means a General Unsecured Claim (other than a Royalty Payment Litigation Claim) with a Face Amount equal to or less than $100,000.

Convenience Class Claim means a Claim that would otherwise be classified as a General Unsecured Claim but, with respect to each Claim, either (i) the aggregate amount of such Claim is less than $2,000, or (ii) the aggregate amount of such Claim is reduced to $2,000 by agreement of the holder of such Claim.

Convenience Class Claim means any unsecured Claim that would be a General Unsecured Claim except for the fact that such Claim is asserted by (i) an individual who is a non-