Interim Distribution definition

Interim Distribution means any interim distribution by CFGI and/or Copeinca using Excess Cash to satisfy a portion of the due and outstanding amounts with respect to the Notes and the Club Loans, as approved by the Bankruptcy Court pursuant to sections 105(a) and 363(b) of the Bankruptcy Code and Rules 2002 and 6004 of the Federal Rules of Bankruptcy Procedure and which, for the avoidance of doubt, does not include any amounts which the Notes Trustee and/or Club Loan Agent may deduct from the distribution to satisfy the amounts owed to them and is not used to satisfy the principal or interest outstanding in respect of the Notes and Club Loans.

Interim Distribution means a distribution specified as an Interim Distribution in a Deferral Agreement.

Interim Distribution means any Distributions made in the ordinary course of business of the subject entity and not in connection with a Liquidation Distribution.

Examples of Interim Distribution in a sentence

• Distributions to Creditors of the Participating CCAA Parties, including to the Pension Plan Administrator in respect of the Pension Claims, will commence on the Interim Distribution Date.

• In connection with the Second Interim Distribution, the Trustee proposed holding in reserve an amount sufficient for the Trustee to pay Time-Based Damages assuming an interest rate of three percent (the “3% Reserve”) or, in the alternative, nine percent (the “9% Reserve”).

• On August 22, 2012, this Court held a hearing and entered an Order Approving the Trustee’s Second Allocation of Property to the Fund of Customer Property and Authorizing a Second Interim Distribution to Customers, with a 3% Reserve.

• In connection with the Third Interim Distribution, the Trustee proposed holding reserves in connection with the Levy settlement appeal, the Internal Revenue Service (the “IRS”) settlement and net loser accounts currently in litigation.

• During the months after the Second Interim Distribution, the Trustee recovered significant additional assets thorough litigation and settlements, particularly the Tremont settlement.

More Definitions of Interim Distribution

Interim Distribution means the amount or amounts determined by the Manager to be distributed under clause 16.3.

Interim Distribution means any distribution of a portion of the Cash Election Payment Amounts and Class 5 Distribution Shares to holders of Eligible Allowed

Interim Distribution shall have the meaning set forth in Section 7.1(b).

Interim Distribution has the meaning given to such term in Section 5.1(c); “Internal Costs” means:

Interim Distribution means a distribution pursuant to clause 15 out of or with respect to Distributable Income as determined by the Responsible Entity accruing during or with respect to an Interim Distribution Period.

Interim Distribution means a distribution under Section 7.

Interim Distribution means the distribution made pursuant to Section 4.3 of the Plan;