Convenience Class Creditor definition

Convenience Class Creditor means a General Unsecured Creditor with a Convenience Class Claim;
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Convenience Class Creditor means an Affected Creditor having a Convenience Class Claim;
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Convenience Class Creditor means an Affected Creditor having a Proven Claim, who elects, or is deemed to have elected, to form part of the Convenience Class pursuant to Article 3.2 of the Plan;
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Examples of Convenience Class Creditor in a sentence

  • 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.

  • Each Convenience Class Creditor with a Proven Voting Claim shall be deemed to vote in favour of the Plan in respect of its Convenience Class Claim as a member of the Ordinary Creditors Class, which vote shall have a dollar value equal to the lesser of $5,000 and the actual dollar value of such Convenience Class Creditor’s Proven Voting Claim.

  • Thereafter, such transferee or assignee shall, for all purposes in accordance with the Claims Procedure Order, the Meeting Order, the CCAA and the Plan constitute an Ordinary Creditor or a Convenience Class Creditor, as applicable, and shall be bound by any and all notices previously given to the transferor or assignor in respect of such Claim.

  • For greater certainty, a Convenience Class Creditor shall not be entitled to transfer or assign its Convenience Class Claim after delivering to the Monitor its Convenience Class Claim Declaration.

  • As noted above, our employee directors did not receive any compensation in 2008 for their service on our Board.

  • No holder of an Unaffected Claim shall: (a) be treated as a Convenience Class Creditor; (b) be entitled to vote on the Plan or attend at any Creditors’ Meeting in respect of such Unaffected Claim; or (c) be entitled to or receive any distributions pursuant to the Plan in respect of such Unaffected Claim, unless specifically provided for under and pursuant to the Plan.

  • If a distribution to an Ordinary Creditor, or a Convenience Class Creditor, in respect of its Proven Distribution Claim is returned as undeliverable (each, an ―Undeliverable Distribution‖), no further delivery will be required unless and until the Monitor is notified in writing of such Affected Creditor’s then current address.

  • If a former employee of VON Canada has received payment from the Wage Earner Protection Program on account of amounts owing to such former employee by VON Canada, such former employee’s recovery under this Plan, whether as a Convenience Class Creditor or otherwise, will be adjusted so that such former employee’s claim for distribution purposes excludes the amount received from the Wage Earner Protection Program by such former employee on account of amounts owing to such former employee by VON Canada.

  • A building had stood there once, walls now shattered and scorched like fire burned paper.

  • On the Distribution Date, each Creditor that is a Convenience Class Creditor shall receive a distribution in the amount of its Convenience Class Claim by cheque sent by pre-paid ordinary mail to the address set out in such Convenience Class Creditor’s proof of claim and shall not be entitled to receive any further distribution under the Plan.


More Definitions of Convenience Class Creditor

Convenience Class Creditor means a Person having a Convenience Class Claim;
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Convenience Class Creditor means a Person having a Convenience Class Claim; “Court” has the meaning ascribed to that term in the Recitals;
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Convenience Class Creditor means a Creditor having a Convenience Class Claim.
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Convenience Class Creditor means an Affected Creditor with a Convenience Class Claim.
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Convenience Class Creditor means an Affected Creditor having a Convenience Class Claim; "Court" has the meaning ascribed thereto in the recitals;
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Convenience Class Creditor means an Affected Creditor having a Convenience Class Claim or an Affected Creditor who have elected to form part of the “Convenience Class Creditor” pursuant to Article 3.3 of the Plan;
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Related to Convenience Class Creditor

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

  • 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.

  • Individual Class Payment means the Participating Class Member’s pro rata share of the Net Settlement Amount calculated according to the number of Workweeks worked during the Class Period.

  • Class H designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Requisite Class Lenders means, at any time of determination (i) for the Class of Lenders having Revolving Loan Exposure, Lenders having or holding more than 50% of the aggregate Revolving Loan Exposure of all Lenders, and (ii) for the Class of Lenders having Term Loan Exposure, Lenders having or holding more than 50% of the aggregate Term Loan Exposure of all Lenders.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Class size means the maximum number of students who can receive instruction together in a special class or resource room program and the number of teachers and supplementary school personnel assigned to the class.

  • 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.

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • Class P designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class 2 A-1 Certificates and Class 1-X Component 2. Group 2 Certificates................ Group 2 Senior Certificates and the Subordinated Component related to Loan Group 2.

  • Subclass With respect to the Class A-V Certificates, any Subclass thereof issued pursuant to Section 5.01(c). Any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to Section 5.01(c).

  • General Unsecured Claims means Claims against any Debtor that are not Secured Claims, Administrative Claims, Priority Claims, Professional Compensation Claims, Intercompany Claims, or Equity Interests.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • Class 1 A-1, Class 1-A-2 Class 1-A-8 and Class 1-A-9 Certificates.

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • General Unsecured Claim means any Claim that is not a/an: Administrative Claim; DIP Facility Claim; Professional Fee Claim; Priority Tax Claim; Secured Tax Claim; Other Priority Claim; Other Secured Claim; Intercompany Claim; Prepetition Debt Claim; or 510(b) Equity Claim.

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • 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.

  • Released Class Claims means the claims being released as described in Paragraph 6.2 below.

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • Debtors in Possession means the Debtors in their capacity as debtors in possession in the Chapter 11 Cases pursuant to sections 1101, 1107(a), and 1108 of the Bankruptcy Code.

  • Preference Claim As defined in Section 4.02 hereof.

  • Senior Class Debt has the meaning assigned to such term in Section 8.09.

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