Catch-Up Distribution definition

Catch-Up Distribution has the meaning set forth in Section 4.1(a).

Catch-Up Distribution means, as of any Distribution Date, a distribution in an amount equal to the aggregate amount that the holder of a previously Disputed Claim that has become an Allowed Claim would have received on one or more previous Distribution Dates if such holder’s Claim had been Allowed as of each such Distribution Date.

Catch-Up Distribution means, with respect to each holder of an Allowed Claim in Class 3A, the amount of Available Net Daimler Proceeds that the holder of such Allowed Claim would be entitled to receive as of the designated distribution date, minus the aggregate amount of Cash previously distributed on account of such Claim.

Examples of Catch-Up Distribution in a sentence

• If and when a previously Disputed Claim becomes a fully Allowed Claim, the Disbursing Agent shall make a Catch-Up Distribution on account of such claim to the extent warranted on the next Distribution Date.

• On each Periodic Distribution Date during the 12 months following the Daimler Proceeds Receipt Date, each fourth Periodic Distribution Date thereafter and the Final Distribution Date, any Allowed General Unsecured Claim that previously received a distribution under the Plan will receive a Catch-Up Distribution; provided that the Liquidation Trustee shall have the right, in its sole discretion, to make Catch-Up Distributions more frequently.

• No rescission or other adjustment shall be required in respect of an Initial Distribution or any Periodic Distribution if the Remaining Plan Distribution Amount, the Remaining Secondary Plan Distribution B Amount or the Remaining Substitute Plan Distribution Amount, as applicable, is less than the amount required for the Catch-Up Distribution.

• Reduction in the cost of production may have to be effected to facilitate price reduction.

• On an applicable Periodic Distribution Date, a holder of an Allowed Claim in Class 7B that ceased being a Disputed Claim subsequent to the Effective Date will receive a Catch-Up Distribution.

More Definitions of Catch-Up Distribution

Catch-Up Distribution means: (a) with respect to each holder of an Allowed Claim in Class 5B that was previously a Disputed Claim, the amount of Reserved Shares and Reserved Excess Minimum Cash equal to the aggregate amount of any (i) Distributable Shares of New Dana Holdco Common Stock, (ii) Distributable Excess Minimum Cash, (iii) Reserved Shares and (iv) Reserved Excess Minimum Cash (if any) that such holder would have received if its Claim had been an Allowed Claim on the Effective Date and each Periodic Distribution Date preceding the date the Claim became Allowed; (b) with respect to each holder of an Allowed Claim in Class 6D that was previously a Disputed Claim, the amount of Reserved Shares and Reserved Excess Minimum Cash equal to the aggregate amount of any Reserved Shares and Reserved Excess Minimum Cash (if any) that such holder would have received if its Claim had been an Allowed Claim on the Periodic Distribution Date upon which (i) all Disputed Claims in Classes other than Class 6D and Class 7B entitled to distributions from the Disputed Unsecured Claims Reserve were resolved and (ii) all distributions to which the holders of such Claims were entitled pursuant to the terms of the Plan were made from the Disputed Unsecured Claims Reserve; and (c) with respect to each holder of an Allowed Claim in Class 7B that was previously a Disputed Claim, the amount of Reserved Shares and Reserved Excess Minimum Cash equal to the aggregate amount of any Reserved Shares and Reserved Excess Minimum Cash (if any) that such holder would have received if its Claim had been an Allowed Claim on the Periodic Distribution Date upon which (i) all Disputed Claims in Classes other than Class 7B entitled to distributions from the Disputed Unsecured Claims Reserve were resolved and (ii) all distributions to which the holders of such Claims were entitled pursuant to the terms of the Plan were made from the Disputed Unsecured Claims Reserve.

Catch-Up Distribution has the meaning set out in Clause 9.8.3(iii)

Catch-Up Distribution means a Distribution of Cash to the holder of an Allowed Class 3 Claim in the amount that such holder would have received but for such Allowed Claim having been treated as a Disputed Claim or partially Disputed Claim at the time of the Distribution(s) to certain other holders of Allowed Class 3 Claims.

Catch-Up Distribution means the distribution of 174,891 Ordinary Shares to be made to Concerted immediately following the initial funding of the Debt Facility.

Catch-Up Distribution means an amount equal to 7% per annum on Holdings’ Unreturned Capital Value on a cumulative, non-compounding basis, commencing on the Effective Date.

Catch-Up Distribution means, with respect to each holder of an Allowed Claim in Class 3A, the

Catch-Up Distribution means a distribution of Cash and/or Non-Cash Consideration, as the case may be, to the holder of an Allowed Claim in Class 3 that was a Disputed Claim as of the Initial Distribution Date or, if applicable, the most recent Interim Distribution Date, and on account of which such holder is entitled to a Distribution under the Plan.