Unliquidated Claims definition

Unliquidated Claims. Holders of Unliquidated Claims shall not be impaired. All Unliquidated Claims, solely to the extent and on the basis set forth in a timely and validly filed proof of claim, shall be liquidated, determined and satisfied in the ordinary course of business by the Reorganized Debtors, without need for Court approval, including, where applicable, through access to available insurance. The Debtors shall not establish any disputed claims reserve for payment of Unliquidated Claims. Existing Preferred The Existing Preferred Stock in Foamex Stock International shall be impaired. Each share of preferred stock in Foamex International to the extent still outstanding shall be converted into 100 shares of Additional Common Stock on the Effective Date and shall receive the treatment accorded to the holders of Existing Common Stock under the First Amended Plan. Existing Common The Existing Common Stock in Foamex International Stock shall be impaired. Existing Common Stock in Foamex International shall remain outstanding after the Effective Date, subject to dilution as a result of the issuance, if any, of additional shares of common stock pursuant to the (a) Rights Offering, including shares issued to the Significant Equityholders under the Call Option, if exercised, (b) the Management Incentive Plan, (c) the Key Employee Retention Plan and (d) the exercise of any employee stock options outstanding on and as of the Effective Date. The Company and the Reorganized Company will use its reasonable best efforts to maintain one or more market makers for its common stock, who will facilitate trading of the common stock on the OTC Bulletin Board (the "pink sheets"). Other Common Equity The allowed other common equity interests in Interests in Foamex International, including options, warrants Foamex and rights related to the Debtor's equity International interests, shall be unimpaired and shall remain outstanding after the Effective Date. Intercompany Intercompany claims shall be unimpaired and shall Claims be reinstated upon the Effective Date. Other Equity Interests Except as otherwise provided for in the First in Surviving Debtor Amended Plan, all other equity interests in the Subsidiaries subsidiaries of Foamex International and Foamex L.P. shall be unimpaired. SEC The Rights Offering shall be offered pursuant to REGISTRATION: the Offering Registration Statement, filed with the SEC, in connection with and pursuant to the First Amended Plan. CONDITIONS TO The First Amended Plan s...

Unliquidated Claims means any Claim that is Scheduled as unliquidated or that was Filed in an unliquidated amount.

Unliquidated Claims means Unliquidated Claims (as defined in the Plan) against the Consolidated Debtors and their successors in interest.

Examples of Unliquidated Claims in a sentence

• Other Contingent and Unliquidated Claims or Causes of Action of Every Nature, including Counterclaims of the Debtor and Rights to Setoff Claims.

• Other Contingent and Unliquidated Claims or Causes of Action of Every Nature, including Counterclaims of the Debtors and Rights to Setoff Claims.

• Dollar amounts are presented net of impairments and other adjustments.Other Contingent and Unliquidated Claims or Causes of Action of Every Nature, including Counterclaims of the Debtors and Rights to Setoff Claims.

• Unless otherwise specifically provided in the Plan or allowed by a Final Order, no interest shall be paid on Contingent Claims, Disputed Claims, or Unliquidated Claims that later become Allowed Claims.

• The Liquidation Trust shall undertake in its reasonable discretion to make in accordance with the Plan all calculations of Available Cash, and of other amounts for or relating to Distributions for Holders of Allowed Claims to be made from the Liquidation Trust or for reserves for Holders of Contingent Claims, Disputed Claims, and Unliquidated Claims to be established by the Liquidation Trust, and may establish and hold back from Distributions reasonable reserves for other contingencies.

• In the case of Unliquidated Claims arising from personal injury tort or wrongful death actions, the Court may estimate such Claims for the purpose of confirming a plan of reorganization.

• Other Contingent and Unliquidated Claims or Causes of Action of Every Nature, Including Counterclaims of the Debtors and Rights to Setoff Claims.

• The Debtors may, in their sole and absolute discretion, determine, resolve and otherwise adjudicate Contingent Claims, Unliquidated Claims and Disputed Claims in the Bankruptcy Court or such other court of the Debtors’ choice having jurisdiction over the validity, nature or amount thereof.

• The Debtors or the Liquidating Trustee, as applicable, may, in their sole discretion, determine, resolve and otherwise adjudicate all Contingent Claims, Unliquidated Claims and Disputed Claims in the Bankruptcy Court or such other court of the Debtors’ or the Liquidating Trustee’s, as applicable, choice having jurisdiction over the validity, nature or amount thereof.

• Unless otherwise specifically provided in the Plan or allowed by a Final Order of the Bankruptcy Court, no interest shall be paid on Contingent Claims, Disputed Claims, or Unliquidated Claims that later become Allowed Claims.

More Definitions of Unliquidated Claims

Unliquidated Claims means Claims scheduled as “unliquidated” by the Debtor and any Claim filed by a Claimant without a specific dollar amount identified or otherwise specified as “unliquidated”.

Unliquidated Claims means all Claims scheduled as such by the Debtor and any proof