Convenience Creditor Claim definition

Convenience Creditor Claim means (a) any Proven Claims of an Affected Creditor in an amount less than or equal to $15,000, and (b) any Proven Claim of an Affected Creditor in an amount greater than $15,000 if the relevant Creditor has made a valid election for the purposes of this Proposal in accordance with this Proposal prior to the Convenience Creditor Election Deadline;
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Convenience Creditor Claim means: (a) any Proven Claim of an Affected Creditor in an amount that is less than or equal to $1,500; and (b) any Proven Claim of an Affected Creditor that has delivered to the Monitor a Convenience Creditor Election in accordance with Section 3.5.
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Convenience Creditor Claim means (a) any Proven Claims of an Affected Creditor in an amount less than or equal to $15,000, and (b) any Proven Claim of an Affected Creditor in an amount greater than $15,000 if the relevant Creditor has made a valid election for the purposes of
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Examples of Convenience Creditor Claim in a sentence

  • But if the suspension, lapse, or cancellation is directly caused by the suspension of operations, Underwriters will cover such loss that affects the Insured’s Business Income during the period of restoration and any extension of the period of restoration in accordance with the terms of the Extended Business Income Additional Coverage.


More Definitions of Convenience Creditor Claim

Convenience Creditor Claim means: (a) any Proven Claim of an Unsecured Creditor in an amount that is less than or equal to $5,000 and(b) any Proven Claim of an Unsecured Creditor that has delivered to the Proposal Trustee a Convenience Creditor Election in accordance with the Proposal prior to the Convenience Creditor Election Deadline;
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Convenience Creditor Claim means: (a) any Proven Claim of an Unsecured Creditor in an amount that is less than or equal to $5,000 and
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Related to Convenience Creditor Claim

  • Administrative Expense Claim means any right to payment constituting a cost or expense of administration of the Chapter 11 Cases under sections 503(b) and 507(a)(2) of the Bankruptcy Code including, without limitation, (a) any actual and necessary costs and expenses of preserving the Estates, (b) all compensation and reimbursement of expenses to the extent Allowed by the Bankruptcy Court under section 330 or 503 of the Bankruptcy Code, (c) any fees or charges assessed against the Estates under section 1930 of chapter 123 of Title 28 of the United States Code, (d) all Claims arising under section 503(b)(9) of the Bankruptcy Code, and (e) the Prepetition Lenders Adequate Protection Claims.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • Allowed Secured Claim means an allowed claim secured by a lien, security interest or other charge against or interest in property in which the Debtor has an interest, or which is subject to setoff under § 553 of the Code, to the extent of the value (determined in accordance with § 506(a) of the Code) of the interest of the holder of any such allowed claim and the Debtor’s interest in such property or to the extent of the amount subject to such setoff as the case may be.