11 U.S.C. § 1124 : US Code - Section 1124: Impairment of claims or interests

Search 11 U.S.C. § 1124 : US Code - Section 1124: Impairment of claims or interests

Except as provided in section 1123(a)(4) of this title, a class
of claims or interests is impaired under a plan unless, with
respect to each claim or interest of such class, the plan -
(1) leaves unaltered the legal, equitable, and contractual
rights to which such claim or interest entitles the holder of
such claim or interest; or
(2) notwithstanding any contractual provision or applicable law
that entitles the holder of such claim or interest to demand or
receive accelerated payment of such claim or interest after the
occurrence of a default -
(A) cures any such default that occurred before or after the
commencement of the case under this title, other than a default
of a kind specified in section 365(b)(2) of this title or of a
kind that section 365(b)(2) expressly does not require to be
cured;
(B) reinstates the maturity of such claim or interest as such
maturity existed before such default;
(C) compensates the holder of such claim or interest for any
damages incurred as a result of any reasonable reliance by such
holder on such contractual provision or such applicable law;
(D) if such claim or such interest arises from any failure to
perform a nonmonetary obligation, other than a default arising
from failure to operate a nonresidential real property lease
subject to section 365(b)(1)(A), compensates the holder of such
claim or such interest (other than the debtor or an insider)
for any actual pecuniary loss incurred by such holder as a
result of such failure; and
(E) does not otherwise alter the legal, equitable, or
contractual rights to which such claim or interest entitles the
holder of such claim or interest.