Common use of Special Rules for Distributions to Holders of Disputed Claims Clause in Contracts

Special Rules for Distributions to Holders of Disputed Claims. Notwithstanding any provision to the contrary in the Plan and except as otherwise agreed to by the relevant parties, no partial payments and no partial distributions shall be made with respect to a Disputed Claim until all such disputes in connection with such Disputed Claim have been resolved by settlement or Final Order. In the event that there are Disputed Claims requiring adjudication and resolution, the relevant Disbursing Agent shall establish appropriate reserves for potential payment of such Claims.

Appears in 5 contracts

Samples: Royalty Right Agreement (Bracebridge Capital, LLC), Master Transaction Agreement (Quotient LTD), Master Transaction Agreement (Honeywell Capital Management LLC)

AutoNDA by SimpleDocs

Special Rules for Distributions to Holders of Disputed Claims. Notwithstanding any provision in the Plan to the contrary in the Plan and except as otherwise agreed to by the relevant parties, no partial payments and no partial distributions shall be made with respect to a Disputed Claim until all such disputes in connection with such Disputed Claim have been resolved by settlement or Final Order. In the event that there are Disputed Claims requiring adjudication and resolution, the relevant Disbursing Agent shall establish appropriate reserves for potential payment of such Claims.

Appears in 1 contract

Samples: Restructuring Support Agreement (Starry Group Holdings, Inc.)

AutoNDA by SimpleDocs

Special Rules for Distributions to Holders of Disputed Claims. Notwithstanding any provision to the contrary otherwise in the Plan and except as otherwise agreed to by the relevant parties, no partial payments and no partial distributions shall be made with respect to a Disputed Claim until all such disputes in connection with such Disputed Claim have been resolved by settlement or Final Order. In the event that there are Disputed Claims requiring adjudication and resolution, the relevant Disbursing Agent Reorganized Debtor shall establish appropriate reserves for potential payment of such Claims, as described above.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Brokerage, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.