Cramdown definition

Cramdown means the confirmation of this Plan pursuant to section 1129(b) of the Bankruptcy Code notwithstanding any rejection by an impaired Class or Classes of Holders of Claims or Equity Interests of the Plan.

Cramdown means the confirmation of the Plan under 11 U.S.C. §1129 (b). "Creditor" shall mean any Person who has a Claim against the Debtor which arose on or before the Petition Date or a Claim of any kind specified in 11 U.S.C. Sections 502(g), 503(h) or 502(I).

Cramdown means the confirmation of this Plan pursuant to 11 U.S.C. § 1129(b) notwithstanding any rejection by an Impaired Class or Classes of holders of Claims or Interests of this Plan.

Examples of Cramdown in a sentence

• Cramdown may be an available remedy, because the Debtors believe that, with respect to each Impaired Class, the Plan is fair and equitable within the meaning of section 1129(b)(2) of the Bankruptcy Code and does not discriminate unfairly.

• Cramdown confirmation under § 1129(b) is not available, therefore, if no impaired class of creditors has accepted the plan.In addition, if the nonaccepting class is the class of unsecured creditors, the absolute priority rule of § 1129(b)(2)(B) prohibits holders of equity interests from retaining their interests unless unsecured creditors receive full payment (subject to the new value exception).

• Broude, Cramdown & Chapter 11 of the Bankruptcy Code: The Settlement Imperative, 39 Bus.

• Will need to work with Training team for scheduling of on-site.Deliverables2 Days of Onsite Training SessionsContent Migration and UATLeadCivicLive ContributorsCity Project Team City Department PIOs Estimated Time Commitment City Project Team – 10 daysCity Department PIOs - 2 daysDescriptionUAT to take place here.

• The treatment of the Class 17 claims are dependent upon whether the Plan is confirmed as a Consensual Plan with the acceptance of each class of creditors or by Cramdown in the event of a rejecting class.

More Definitions of Cramdown

Cramdown means the confirmation of the Plan under the provisions of 11 U.S.C. §1129 (b).

Cramdown means the confirmation of the Plan under 11 U.S.C. §1129 (b).

Cramdown means confirmation of the DLH Plan pursuant to 11 U.S.C.§1129(b), by reason of the fact that an impaired Class of Creditors votes to reject such Plan. The Debtors expressly reserve the right to move for confirmation of the DLH Plan by cramdown pursuant to Section 1129(b) in the event that the Plan is rejected by any impaired Class of Creditors in DLH.

Cramdown means the Court’s Confirmation of the Plan when an Impaired Class fails to accept the Plan.

Cramdown means the confirmation of the MODIFIED PLAN under the provisions of 11U.S.C. §1129 (b). 3Servicios de Descuento en Compra, Inc. a/k/a SEDECO and THE OUTLET Case No. 09-00832 ESLPost Confirmation MODIFIED PLAN of Reorganization

Cramdown of a Chapter 11 plan sim- ply means that the plan is confirmed by the court over the objection of a class or classes of creditors and/or equity security holders. A plan must be “fair and equi- table” and must not unfairly discriminate against any class of creditors or equity security holders that does not vote in favor of the plan.With respect to a secured creditor class, the “fair and equitable” requirement generally, at a minimum, man- dates that the creditor retain its lien and receive deferred cash payments that pro- vide the secured creditor with the full present value of its allowed secured claim. With respect to a class of unsecured cred- itors, the “fair and equitable” requirement mandates that the equity holders of the debtor not receive or retain anything unless unsecured creditors receive full present value with respect to their claims. There is a “new value” exception to the absolute priority rule and, in addition, there are numerous other complexities relating to the issues of cramdown and plan confirmation. However, these matters are beyond the scope of the discussion in this article.

Cramdown means the confirmation of the Second Amended Plan under 11 U.S.C. §1129 (b).