Section 502(h) Sample Clauses

Section 502(h). Notwithstanding anything contained in the Plan or this Liquidating Trust Agreement to the contrary, in the event that a compromise and settlement of a Cause of Action or a Final Order with respect to a Cause of Action provides for the allowance of a Claim pursuant to section 502(h) of the Bankruptcy Code against one or more of the Debtors, the distributions to be made on account of such Claim pursuant to the Plan shall be funded by the Liquidating Trust, in the amount(s), from time to time, that all similarly situated holders of Claims are entitled to receive under the Plan.
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Section 502(h). Notwithstanding anything contained in the Plan or this Litigation Trust Agreement to the contrary, in the event that a compromise and settlement of a Litigation Trust Asset or a Final Order with respect to a Litigation Trust Asset provides for the allowance of a Claim pursuant to section 502(h) of the Bankruptcy Code against one or more of the Debtors or ESI, the Distributions to be made on account of such Claim pursuant to the Plan shall be funded by the Litigation Trust, in the amount(s), from time to time, that all similarly situated holders of Claims are entitled to receive under the Plan.
Section 502(h). Notwithstanding anything contained this Agreement to the contrary, in the event that a compromise and settlement of a Litigation Trust Claim or a Final Order with respect to a Litigation Trust Claim provides for the allowance of a Claim pursuant to section 502(h) of the Bankruptcy Code against one or more of FairPoint, the distributions to be made hereunder on account of such Claim pursuant to the Plan shall be funded by the Litigation Trust, in the amount(s), from time to time, that all similarly situated holders of Claims are entitled to receive hereunder.

Related to Section 502(h)

  • Section 512 Control By Holders................................. 37 Section 513. Waiver of Past Defaults............................ 37

  • Section 703 Reports by Trustee................................. 46

  • SECTION 812 Control by Holders of Securities..............................44 SECTION 813. Waiver of Past Defaults.......................................44

  • Section 815 Waiver of Stay or Extension Laws......... 45 ARTICLE NINE.................................................... 45

  • SECTION 605 May Hold Securities........................................ 36

  • SECTION 514 Undertaking for Costs.............................. 37

  • SECTION 507 Limitation on Suits............................................43

  • SECTION 508 Unconditional Right of Holders to Receive Principal, Premium and Interest...................................................37

  • SECTION 614 Appointment of Authenticating Agent...................................................... 35

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