Examples of Disputed Claims Reserve in a sentence
For purposes of the Plan, such Distribution or payment on account of such Allowed General Unsecured Claim shall be held in the Disputed Claims Reserve Trust as if it were a Disputed Claim.
For tax reporting purposes the Disputed Claims Reserve Trust shall report on a December 31 Fiscal Year.
In this regard, the Trust Assets will be transferred (subject to the liabilities indicated herein) to such holders of Allowed Class 5 Claims and, in respect of any Disputed Class 5 Claims to the Plan Administrator to be held in the Disputed Claims Reserve Trust, to be held, in each case, by the Debtors on their behalf.
Cash and other property shall be placed into the Disputed Claims Reserve Trust and the Cash shall be held in separate interest bearing accounts in trust by class for the benefit of the holders of Allowed Claims entitled thereto under the terms of the Plan.
Plan Administrator means the person appointed in accordance with the Plan Administration Agreement to supervise operation of the Disputed Claims Reserve Trust and perform such other duties as provided in the Plan Administration Agreement.