Common use of Allowed Amount Clause in Contracts

Allowed Amount. The Company acknowledges and agrees and shall acknowledge and agree in the Chapter 11 Cases that, as of the Petition Date, the Company is indebted and liable to the Senior Noteholders, without objection, dispute, disallowance, defense, counterclaim, avoidance, recharacterization or offset of any kind or nature under the Indenture and the Senior Notes in the aggregate principal amount of $210,000,000 (plus accrued and unpaid interest thereon and fees, expenses and other obligations (including any reasonable fees and expenses of the Trustee and the advisors (NH Legal Counsel and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇) to the Consenting Noteholders that are chargeable or reimbursable under the Indenture or the Senior Notes or this Agreement)) incurred under or in connection with the Indenture and the Senior Notes. The Plan shall include a settlement under Bankruptcy Code section 1123(b)(3) and Bankruptcy Rule 9019 irrevocably and fully allowing the Senior Note Claim as of the Confirmation Date.

Appears in 2 contracts

Sources: Noteholder Restructuring Plan Support Agreement, Noteholder Restructuring Plan Support Agreement (Gsi Group Inc)

Allowed Amount. The Company acknowledges and agrees and shall acknowledge and agree in the Chapter 11 Cases that, as of the Petition Date, the Company is indebted and liable to the Senior Noteholders, without objection, dispute, disallowance, defense, counterclaim, avoidance, recharacterization or offset of any kind or nature under the Indenture and the Senior Notes in the aggregate principal amount of $210,000,000 (plus accrued and unpaid interest thereon and fees, expenses and other obligations (including any reasonable fees and expenses of the Trustee and the advisors (NH Legal Counsel and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇) to the Consenting Noteholders that are chargeable or reimbursable under the Indenture or the Senior Notes or this Agreement)) incurred under or in connection with the Indenture and the Senior Notes. The Plan shall include a settlement under Bankruptcy Code section 1123(b)(3) and Bankruptcy Rule 9019 irrevocably and fully allowing the Senior Note Claim as of the Confirmation Date.

Appears in 1 contract

Sources: Restructuring Plan Support Agreement (Gsi Group Inc)