Here’s the great part. “All” means “All”. It’s an absolute term. So all amounts owing subject to the KERP Charge give you 3 options:
1. All amounts that have priority to the KERP Charge have been paid. 2. All amounts owed to the KERP Charge have been paid which means option 1 has been paid. 3. All amounts that don’t have priority to the KERP Charge have been paid which means unsecured claims have been paid over secured claims.