Convenience Class Claims definition

Convenience Class Claims means (i) any Reorganizing Debtor General Unsecured Claim that is under $500 or (ii) any Reorganizing Debtor General Unsecured Claim in excess of $500, which by election of the Holder thereof pursuant to such Holder's ballot elects to have its claim reduced to an amount of $500 and to be treated in Class 9A or Class 7B.

Convenience Class Claims as described in Subsec- tion 2.13 of the Reorganization Plan.

Convenience Class Claims as described in Subsection 2.13 of the Reorganization Plan.

Examples of Convenience Class Claims in a sentence

• Class C-5 consists of all Allowed Convenience Class Claims against CCS.

• Class B-5 consists of all Allowed Convenience Class Claims against CCG.

• Class B-4 consists of all Allowed Claims against CCG (including Claims arising from the rejection of executory contracts) other than (a) Administrative Claims, (b) Tax Claims, (c) Personal Injury Claims, (d) Convenience Class Claims, and (e) Claims included within any other Class designated in the Plan.

• Class A-4 consists of all Allowed Claims against CDSI (including Claims arising from the rejection of executory contracts) other than (a) Administrative Claims, (b) Tax Claims, (c) Personal Injury Claims, (d) Convenience Class Claims, and (e) Claims included within any other Class designated in the Plan.

• Class C-4 consists of all Allowed Claims against CCS (including Claims arising from the rejection of executory contracts) other than (a) Administrative Claims, (b) Tax Claims, (c) Personal Injury Claims, (d) Convenience Class Claims, and (e) Claims included within any other Class designated in the Plan.

More Definitions of Convenience Class Claims

Convenience Class Claims means General Unsecured Claims (i) in the amount of $5,000 or less or (ii) which the holder of such Claim irrevocably elects on the Ballot to reduce to $5,000.

Convenience Class Claims means a General Unsecured Claim that is either (a) an Allowed Claim in an amount that is equal to or less than $4,000, or (b) an Allowed Claim in an amount that is greater than $4,000, but with respect to which the Holder of such Allowed Claim voluntarily and irrevocably reduces the aggregate amount of such Allowed Claim to $4,000 pursuant to a Convenience Claim Election.

Convenience Class Claims means: (a) Unsecured Proven Claims of a Creditor that total less than or equal to $5,000 in aggregate; and (b) Unsecured Proven Claims of a Creditor that total more than $5,000 in aggregate and for which such Creditor has validly elected to value at $5,000 for purposes of the Plan by filing a Convenience Class Claim Election by the Voting Deadline.

Convenience Class Claims means any Claim that would otherwise be a General Unsecured Claim, but as to which one of the following applies: (a) such Claim is in an amount less than or equal to $10,000; or (b) such Claim is in an amount greater than $10,000 but less than $50,000, and the Holder of such Claim has elected to have such Claim treated as a Class 7 Convenience Class Claim in the amount of $10,000 by so indicating on the Ballot submitted to vote such Claim.

Convenience Class Claims has the meaning assigned that term in Section 2.13 of the Reorganization Plan.

Convenience Class Claims means all General Unsecured Claims of $500 or less or any General Unsecured Claim of more than $500 where such Claimant elects on the Ballot to voluntarily reduce the amount of its General Unsecured Claim to $500.

Convenience Class Claims means any Reorganizing Debtor General Unsecured Claim that is under $5,000 that by election of the Holder thereof pursuant to such Holder's ballot elects to be treated in Class 9A or Class 7B in an Allowed amount of no more than $5,000.