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11 U.S.C. §1129(b)(2)(A)(iii)

11 U.S.C. §1129(b)(2)(A)(iii)

Definition

A “cramdown” provision of the Bankruptcy Code that authorizes judicial confirmation of a Chapter 11 reorganization plan where, with respect to secured creditors, such claimants receive the “indubitable equivalent” of their secured claims.

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