Examples of Second Lien Claim in a sentence
Each holder of an Allowed Class 5 Second Lien Claim is entitled to vote to accept or reject the Plan.
Each holder of an Allowed Second Lien Claim in Class 3 is entitled to vote to accept or reject this Plan.
Therefore, each holder of an Allowed Sevan Second Lien Claim in Class F2 will not be entitled to vote to accept or reject the Plan.
Additionally, if so treated, any loss and a portion of any gain realized by a holder with respect to their Allowed Second Lien Claim may be deferred until such time as such holder has received its final distribution.
Pursuant to section 510 of the Bankruptcy Code, the Debtors or Reorganized Debtors reserve the right to re-classify any Allowed Claim (other than any First Lien Claim, Second Lien Claim, or Third Lien Claim) or Allowed Interest in accordance with any contractual, legal, or equitable subordination relating thereto.