Examples of General Unsecured Creditors in a sentence
The Plan Shares issued to HFG and Class 4 General Unsecured Creditors are issued on account of their respective Allowed Claims, and satisfy the criteria of § 1145(a), and any recipient of any securities pursuant thereto is not an “underwriter” as defined in § 1145(b).
Class 6 shall consist of the Allowed Claims of General Unsecured Creditors, exclusive of the Bank Group deficiency claim.
The entry of the Confirmation Order and the treatment accorded to General Unsecured Creditors pursuant to this Plan shall constitute a settlement pursuant to section 1123(b)(3) of all disputes relating to the Intercompany Claims and the allocation of value among the various Debtors.
The Reorganized Debtor will maintain its publicly traded character with respect to the 4.74383% of the Reorganized Debtor Stock held by the Estate's General Unsecured Creditors holding Allowed Claims thereby maintaining value for the Reorganized Debtor as a publicly held company and to ECHEX as the Reorganized Debtor's subsidiary.
In these Chapter 11 Cases, as more fully set forth below, the Bankruptcy Court has approved the formation of the Creditors' Committee, representing the collective interests of General Unsecured Creditors of the Debtors' Estates.