Confirmation Fund definition

Confirmation Fund means the segregated account established under Section
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Confirmation Fund means the segregated account established under Section5.5(a).
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Confirmation Fund means a segregated bank account into which shall be deposited Cash which is required to be distributed to holders of Administrative Expense Claims and all holders of Allowed Claims which are entitled to receive Cash distributions on the Effective Date.
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Examples of Confirmation Fund in a sentence

  • On the Effective Date, or as soon thereafter as is practicable, the Liquidation Trustee shall establish the Confirmation Fund, which shall be funded from the Effective Date Cash in an amount equal to the Confirmation Amount.

  • One of the guards is STEVE - the guy who laughed at Mohamedou’s parrot joke.

  • After the Effective Date, and subject to the establishment and funding of the Liquidation Trust, the Confirmation Fund, Liquidation Trust Expense Fund, and Disputed Confirmation Reserve under Section 5.5 and as set forth in greater detail in ARTICLE 4, Distributions shall be made by the Liquidation Trustee in accordance with ARTICLE 2, ARTICLE 4, and ARTICLE 9.

  • At least three (3) days prior to the Effective Date, the Debtors shall file with the Bankruptcy Court a notice that reflects the proposed amounts of the Confirmation Fund.

  • Said payments shall commence within the earlier of sixty (60) days of the Effective Date, or when the Debtor obtains the Confirmation Fund.

  • From and after the Effective Date, the Plan Administrator shall be authorized to withhold such additional amounts from the Post Confirmation Fund which it may reasonably require to augment and/or replenish any of the Reserves.

  • The Plan Administrator may be paid the compensation set forth in this Paragraph 10.7 from Cash or any asset of the Estate, the Debtor or the Liquidating Debtor, from the Plan Administrator Reserve, from the Post Confirmation Fund, or in the manner that the Plan Administrator, in his sole discretion, deems reasonably appropriate.

  • View will not provide fringe benefits, including health insurance benefits, paid vacation, or any other employee benefit, for the benefit of Xxxxxxxx.

  • Holders of Allowed Subordinated Claims shall be entitled to a Pro Rata Share of the Cash, if any, in the Post Confirmation Fund after payment in full of Allowed Administrative Claims, Allowed Priority Tax Claims, Allowed Priority Claims, Allowed Filed Customer Claims, and Allowed General Unsecured Claims, funding of Reserves to the extent required by the Plan, and payment of United States Trustee fees (including Quarterly Trustee Fees).

  • To the extent that the Liquidating Debtor indemnifies and holds harmless a Plan Administrator Indemnified Party as provided above, the legal fees and related costs incurred by counsel to or other professionals for such Plan Administrator Indemnified Party shall be paid by the Plan Administrator from the Post Confirmation Fund as and when incurred.

Related to Confirmation Fund

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Spread Account Agreement The Spread Account Agreement, dated as of March 25, 1993, as thereafter amended and restated, among the Seller, AFL, the Security Insurer, the Collateral Agent and the trustees specified therein, as the same may be amended, supplemented or otherwise modified in accordance with the terms thereof.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Levy reduction funds means increases in state funds from

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance reasonably satisfactory to the Administrative Agent.

  • Confirmation means the entry of the Confirmation Order on the docket of the Chapter 11 Cases.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.2.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Designated Depository Institution A depository institution (commercial bank, federal savings bank, mutual savings bank or savings and loan association) or trust company (which may include the Trustee), the deposits of which are fully insured by the FDIC to the extent provided by law.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Non-Fund means any corporation, business trust, partnership, trust or other entity which is not an Investment Company.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Collection Account Control Agreement means the Amended and Restated Collection Account Control Agreement, dated as of the date hereof, among the Borrower, the Servicer, the Administrative Agent and the Collection Account Bank, substantially in the form of Exhibit D-3 hereto, as amended, modified or supplemented from time to time.

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Disbursement Letter means an instructional letter executed and delivered by Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.