Examples of Insider Claims in a sentence
Subordination of Insider Claims is not required under the Bankruptcy Code; however, the Plan’s subordination of such Claims reflects the Debtor’s belief that the Claims of other Creditors of the Debtor generally should be paid before the Debtor pays Insiders.
Any Litigation Trust Proceeds to be distributed to the Holders of Allowed LandCo General Unsecured Claims, Allowed LandCo Credit Facility Deficiency Claims, or Allowed Insider Claims against the LandCo Debtors shall be kept in the Litigation Trust Reserve until such time as a LandCo Plan is confirmed and becomes effective providing for such distributions from the Litigation Trust.
Except as provided in the following sentence, holders will not receive any cash payment representing accrued and unpaid interest upon conversion of a Security and accrued and unpaid interest will be deemed paid in full rather than canceled, extinguished or forfeited.
Closing is subject to the settlement or cancellation of the BONZ Insider Claims for no more than an aggregate total of BONZ common stock acceptable to the Parties and the claimants.
Class 8 consists of all Interests as well as any Insider Claims asserted by an Insider that are deemed to be Interests as provided in Section 510(b) of the Bankruptcy Code.