Convenience Class Election definition

Convenience Class Election means an irrevocable election made on the Ballot by the Holder of a Claim against Tribune that would otherwise be a General Unsecured Claim in an amount greater than $1,000 to reduce such Claim to $1,000.

Convenience Class Election means an election by a Holder of a General Unsecured Claim(s) in Class 5(a) on its Ballot, and within the time fixed by the Bankruptcy Court, to have the aggregate amount of such Holder’s Allowed Claim(s) in Class 5(a) treated as Convenience Claims.

Convenience Class Election means the timely and proper election by the Holder of a General Unsecured Claim (other than a Royalty Payment Litigation Claim) with a Face Amount in excess of$100,000 to nonetheless be treated in the same manner as a Convenience Class Claim, which election shall be made on the Ballot of such applicable Holder.

Examples of Convenience Class Election in a sentence

• Whether a Holder of a Claim has properly made a Convenience Class Election shall have no effect on whether such Claim is or may become a Disputed Claim or an Allowed Claim.

• By making such Convenience Class Election, a holder of a General Unsecured Claim of $20,000 or more is agreeing to accept $20,000 in Cash in full satisfaction, discharge and release of such Claim.

• Creditors shall be provided with at least twenty (20) days from the date of transmittal of the notice by first class mail to notify the Balloting Agent, in the manner provided in the notice, of their decisions to nullify their prior Convenience Class Election.

• The notice will inform each such Creditor that all of its Allowed Class 6 Claims will be aggregated for purposes of receiving one distribution from the Debtors, and accordingly, will provide such Creditors with the opportunity to nullify the previous Convenience Class Election such Creditor made.

• Convenience Class Election..........................................

More Definitions of Convenience Class Election

Convenience Class Election means an election by a holder of a Trade Vendor/Lease Rejection Claim or Other Unsecured Claim on its Ballot to be treated as a General Unsecured Convenience Claim.

Convenience Class Election means the election pursuant to which the holder of a qualifying General Unsecured Claim against the Debtor(s) timely elects to be treated as a General Unsecured Convenience Claim.

Convenience Class Election means the timely election by the holder of a General

Convenience Class Election means an irrevocable election made on the Ballot by the holder of a Claim against the Debtors that would otherwise be a General Unsecured Claim in an amount greater than $10,000 to reduce such Claim to $10,000 in order to be treated as a Convenience Claim. Subject to the occurrence of the Effective Date, such election shall be deemed to amend such General Unsecured Claim to reduce the amount of such Claim to $10,000.

Convenience Class Election means the election on the ballot for voting to accept this Plan by a single holder of General Unsecured Claims that are greater than$1,000 in the aggregate (for Claims in Classes 2.A or 2.B) or $100 in the aggregate (for Claims in Classes 2.C, 2.D, 2.E or 2.F) to have such General Unsecured Claims treated as a Convenience Class Unsecured Claim.

Convenience Class Election means the election available on the Ballot to a Holder of an Allowed Unsecured Claim asserted in an amount greater than $10,000 to opt to receive its Pro Rata share of the Convenience Class Distribution in full and complete satisfaction, discharge, and release of such Allowed Unsecured Claim; provided, that in making such election, the holder of such Allowed Unsecured Claim shall be deemed to have agreed to reduce the amount of such Allowed Unsecured Claim for purposes of voting and distributions under the Plan to $10,000.

Convenience Class Election means an irrevocable election made by the Holder of a Claim that would otherwise be a General Unsecured Claim in an amount greater than five thousand dollars ($5,000) but less than or equal to twenty thousand dollars ($20,000) to reduce such Claim to $5,000, and such election shall be made either, (i) on the Ballot, (ii) for any non- Debtor contract counterparty whose executory contract or lease is rejected by an order of the Bankruptcy Court, by an executed notice that is received by the Debtors or Reorganized Debtors (as applicable) no later than 30 days from the date on which the underlying contract is deemed rejected by the Debtors, or (iii) in the sole discretion of the Debtors or Reorganized Debtors (as applicable, after consulting with the Kayne Supporting Creditors), by written agreement with such Holder.