Second Distribution Date Sample Clauses

Second Distribution Date. As of the End of the second calendar quarter Total Amount of Resolved Allowed General Unsecured Claims as of the end of the calendar quarter: Amount of Resolved Allowed General Unsecured Claims as of the end of the prior calendar quarter: $ 2,000,000,000 Amount of Resolved Allowed General Unsecured Claims during the calendar quarter: $ 1,000,000,000 Total $ 3,000,000,000 Amount of General Unsecured Claims disallowed as of the end of the calendar quarter: Amount of Claims disallowed as of the end of the prior calendar quarter: $ 500,000,000 Amount of Claims disallowed during the calendar quarter (L): $ 700,000,000 Total $ 1,200,000,000 Aggregate Maximum Amount at the time: $ 5,800,000,000 Total Allowed Amount (sum of Initial Allowed General Unsecured Claims and Resolved Allowed General Unsecured Claims) (T) $ 35,000,000,000 Current Total Amount (C): $ 40,800,000,000 Total number of Units outstanding at the end of the prior quarter 34,000,000 UO (total number of Units outstanding, including Units distributed, or to be distributed to holders of Resolved Allowed General Unsecured Claims during the calendar quarter) 35,000,000 H (Protective Holdback and other deductions)4 0 GX shares = (GI – H) * [T/C – T/(C + L)] 2,170,446 GX warrants = (GI – H) * [T/C – T/(C + L)] 1,973,133 4 Ignoring for these purposes the initial Taxes on Distribution Holdback and Reporting and Transfer Holdback.
Sample 1
Second Distribution Date. As of the End of the second calendar quarter Total Amount of Resolved Allowed General Unsecured Claims as of the end of the calendar quarter: Amount of Resolved Allowed General Unsecured Claims as of the end of the prior calendar quarter: Amount of Resolved Allowed General Unsecured Claims during the calendar quarter: Total $2,000,000,000 $1,000,000,000 $3,000,000,000 Amount of General Unsecured Claims disallowed as of the end of the calendar quarter: Amount of Claims disallowed as of the end of the prior calendar quarter: Amount of Claims disallowed during the calendar quarter (L): Total $500,000,000 $700,000,000 $1,200,000,000 Aggregate Maximum Amount at the time: $5,800,000,000 Total Allowed Amount (sum of Initial Allowed General Unsecured Claims and Resolved Allowed General Unsecured Claims) (T) $35,000,000,000 Current Total Amount (C): $40,800,000,000 Total number of Units outstanding at the end of the prior quarter 34,000,000 UO (total number of Units outstanding, including Units distributed, or to be distributed to holders of Resolved Allowed General Unsecured Claims during the calendar quarter) 35,000,000 H (Protective Holdback and other deductions)4 0 GX shares = (GI – H) * [T/C – T/(C +L)] GX warrants = (GI – H) * [T/C – T/(C +L)] 2,170,446 1,973,133 4 Ignoring for these purposes the initial Taxes on Distribution Holdback and Reporting and Transfer Holdback. Distributions to Holders of Units Shares of New GM Common Stock In respect of 35,000,000 Units: 2,170,446 shares On a 1,000 Unit basis: 1,000 ÷ 35,000,000 x 2,170,446 = 62 shares New GM $10.00 Warrants In respect of 35,000,000 Units: warrants to acquire 1,973,133 shares On a 1,000 Unit basis: 1,000 ÷ 35,000,000 x 1,973,133= warrants to acquire 56 shares New GM $18.33 Warrants In respect of 35,000,000 Units: warrants to acquire 1,973,133 shares On a 1,000 Unit basis: 1,000 ÷ 35,000,000 x 1,973,133= warrants to acquire 56 shares Exhibit B WILMINGTON TRUST COMPANY as Trust Administrator and Trustee for the MOTORS LIQUIDATION COMPANY GUC TRUST March __, 2011 To the Holders of Allowed Class 3 General Unsecured Claims of Motors Liquidation Company (f/k/a General Motors Corporation): Wilmington Trust Company has been selected as the Trust Administrator and Trustee for the Motors Liquidation Company GUC Trust that will make distributions to holders of Allowed Class 3 General Unsecured Claims under the Second Amended Joint Chapter 11 Plan of Motors Liquidation Company et al. (f/k/a General Motors Corp...
Sample 1

Related to Second Distribution Date

  • In-Kind Distributions The Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

  • Sales and Distribution As of the Effective Date, each of Takeda and Ovid shall have the sole right and responsibility for handling all sales and commercial distribution activities, including returns, order processing, invoicing and collection, distribution, and inventory and receivables for the Products in the Takeda Territory and Ovid Territory, respectively. As of the Effective Date, each of Takeda and Ovid shall have the sole right and responsibility for: (i) negotiating, establishing or modifying the terms and conditions regarding the sale of the Products, including any terms and conditions relating to or affecting: (A) the price at which the Products shall be sold; (B) discounts available to any Third Party payers (including managed care providers, indemnity plans, unions, self-insured entities, and government payer, insurance or contracting programs such as Medicare, Medicaid, or the U.S. Department of Veterans Affairs); (C) discounts attributable to payments on receivables; (D) distribution of the Products; and (E) credits, price adjustments, or other discounts and allowances to be granted or refused; and (ii) all activities relating to government price reporting, in each case, with respect to the Products in the Takeda Territory and Ovid Territory, respectively.

  • Deemed Contribution and Distribution Notwithstanding any other provision of this Article 13, in the event that the Partnership is liquidated within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), but no Liquidating Event has occurred, the Partnership’s Property shall not be liquidated, the Partnership’s liabilities shall not be paid or discharged and the Partnership’s affairs shall not be wound up. Instead, for federal income tax purposes the Partnership shall be deemed to have contributed all of its assets and liabilities to a new partnership in exchange for an interest in the new partnership; and immediately thereafter, distributed Partnership Units to the Partners in the new partnership in accordance with their respective Capital Accounts in liquidation of the Partnership, and the new partnership is deemed to continue the business of the Partnership. Nothing in this Section 13.3 shall be deemed to have constituted a Transfer to an Assignee as a Substituted Limited Partner without compliance with the provisions of Section 11.4 or Section 13.3 hereof.

  • Listing Inclusion and Distribution Verizon shall include each Reconex Customer’s Primary Listing in the appropriate alphabetical directory and, for business Customers, in the appropriate classified (Yellow Pages) directory in accordance with the directory configuration, scope and schedules determined by Verizon in its sole discretion, and shall provide initial distribution of such directories to such Reconex Customers in the same manner it provides initial distribution of such directories to its own Customers. “

  • LIQUIDATION AND DISTRIBUTION On or as soon after the Closing Date as is conveniently practicable: (a) the Acquired Fund will distribute in complete liquidation of the Acquired Fund, pro rata to its shareholders of record, determined as of the close of business on the Closing Date (the "Acquired Fund Shareholders"), all of the Acquiring Fund Shares received by the Acquired Fund pursuant to paragraph 1.1; and (b) the Acquired Fund will thereupon proceed to dissolve and terminate as set forth in paragraph 1.8 below. Such distribution will be accomplished by the transfer of Acquiring Fund Shares credited to the account of the Acquired Fund on the books of the Acquiring Fund to open accounts on the share records of the Acquiring Fund in the name of the Acquired Fund Shareholders, and representing the respective pro rata number of Acquiring Fund Shares due such shareholders. All issued and outstanding shares of the Acquired Fund (the "Acquired Fund Shares") will simultaneously be canceled on the books of the Acquired Fund. The Acquiring Fund shall not issue certificates representing Acquiring Fund Shares in connection with such transfer. After the Closing Date, the Acquired Fund shall not conduct any business except in connection with its termination.

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • Alternative to Interest Amount The provisions of Paragraph 6(d)(ii) will apply.

  • Printing and Distribution The School District will, at its own expense, print sufficient copies of this Agreement for present and new employees.

  • Underwriting and Distribution Section 5.1 Rule 144. INC covenants that it shall file all reports required to be filed by it under the Securities Act and the Exchange Act and shall take such further action as Shareholder may reasonably request, all to the extent required from time to time to enable Shareholder to sell its Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 under the Securities Act, or any similar provision thereto, but not Rule 144A.

  • Redemption and Distribution (a) Upon the repayment of the Debentures in whole or in part, whether at maturity or upon redemption (either at the option of the Debenture Issuer or pursuant to a Special Event as described below), the proceeds from such repayment or payment shall be simultaneously applied to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures so repaid or redeemed at a redemption price of $25 per Security plus an amount equal to accrued and unpaid Distributions thereon at the date of the redemption, payable in cash (the "Redemption Price"). Holders shall be given not less than 30 nor more than 60 days notice of such redemption.