Examples of Securities Claimants in a sentence
All New Calpine Common Stock to be issued under the Plan remaining in the New Calpine Common Stock Pool For Subordinated Debt Securities Claimants after all Holders of Allowed Claims (other than Subordinated Equity Securities Claims) have been paid in full.
The Equity Holders' Committee and the Securities Claimants' Committee shall each choose one trustee.
Persons who have opted out of the either the Authorization Class or the Supplementary Class (but not both) are Securities Claimants solely in respect of securities purchased during the class for which they have not opted out.
To the extent that the trustees chosen by the Equity Holders' Committee and the Securities Claimants' Committee cannot agree on a distribution scheme with which to instruct the New Warrant Escrow Agent, then either or both of such trustees may seek the instructions of the Court after the Effective Date on such distribution scheme after notice and a hearing.
In full satisfaction, settlement, release, and discharge of and in exchange for each and every Allowed Claim in Class 1D, to the extent all Holders of Allowed Claims (other than Subordinated Debt Securities Claims and Subordinated Equity Securities Claims) have been paid in full, each Holder of an Allowed Class 1D Claim shall receive a pro rata distribution of the New Calpine Common Stock Pool For Subordinated Debt Securities Claimants until paid in full.
Indeed, the only harm that will come to the Securities Claimants is a temporary delay in prosecution of their claims.
However, the Securities Claimants do not properly apply the test for jurisdiction and their position fails to appreciate the practical implications of continued litigation in the Securities Action.
Distributions to Securities Claimants will be governed by the Trust Declaration and the Allocation and Distribution Scheme.
Id. at 1017 n.7. Here, the Debtors have not yet filed a chapter 11 plan and yet the Securities Claimants are seeking to predetermine how their claims will be classified in that plan.
See Securities Claimants’ Opp’n 29-32, ECF No. 46.Indeed, as the Securities Claimants point out, a request for an injunction under § 105(a) cannot— by itself—create jurisdiction.