Disputed Claims Reserve definition

Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.
Disputed Claims Reserve means a reserve of Warrants, New Common Stock, New Building Note proceeds, and Cash, in the same proportions and amounts as provided for in the Plan, that may be funded on or after the Effective Date pursuant to Article VII.D hereof.

Examples of Disputed Claims Reserve in a sentence

  • After (a) the final Distribution of the Disputed Claims Reserve and the balance of the Liquidating Trust Assets pursuant to the Plan, and (b) the filing by or on behalf of the Liquidating Trust of a certification of dissolution with the Bankruptcy Court in accordance with this Plan, the Liquidating Trust will be deemed dissolved for all purposes without the necessity for any other or further actions.

  • The Trustee shall create a Disputed Claims Reserve sufficient to pay estimated claims when and if they become Allowed Claims.

  • In lieu of Distributions under the Plan to Holders of Disputed Claims, a Disputed Claims Reserve shall be maintained by the Liquidating Trustee for payment of any Disputed Claim which becomes an Allowed Claim.

  • In lieu of Distributions under the Plan to holders of Disputed Claims, a Disputed Claims Reserve shall be maintained by the Liquidating Trustee for payment of any Disputed Claim which becomes an Allowed Claim.

  • All obligations of the Trust under the Plan will be paid or caused to be paid by the Trustee from Unencumbered Cash (including Avoidance Action proceeds), the Wind- Down Reserve, and the Disputed Claims Reserve as applicable.


More Definitions of Disputed Claims Reserve

Disputed Claims Reserve means the reserve to be created by the Plan Debtors to hold Cash or Liquidation Trust Interests, as applicable, and any dividends, gains or income attributable thereto, which reserve shall be held for the benefit of those holders of Disputed Claims for distribution according to the procedures set forth in Article V.H.10 and Article V.I of the Plan.
Disputed Claims Reserve means the reserve to be created by the Debtors to hold a contribution of Cash and New Common Stock, which reserve shall be held for the benefit of holders of subsequently Allowed Claims for distribution according to the procedures set forth in Article VIII.
Disputed Claims Reserve means one or more interest-bearing accounts, held and maintained by the Reclamation Trust Entity, containing Cash in an amount or amounts reasonably acceptable to the Debtors and the Consenting Stakeholders and approved by the Court, solely for the purpose of paying Administrative Claims, Priority Tax Claims, Priority Non-Tax Claims, and Other Secured Claims that are Disputed or not yet Allowed as of the Effective Date and not paid prior to the Effective Date or as part of the distributions provided for under the Plan, but that are or become Allowed after the Effective Date, and the administration thereof.
Disputed Claims Reserve means the reserve to be established by the Reorganized Debtors on the Effective Date, if necessary (and, thereafter, to be maintained as necessary) to hold in one or more segregated accounts, Cash or other Assets equal to the aggregate amounts that would have been distributed on an applicable Claim Payment Date on account of a Disputed Claim other than a Tort Claim or Unknown Tort Claim. If the Disputed Claims (other than Tort Claims and Unknown Tort Claims) are less than $50,000, the Reorganized Debtors need not establish the Disputed Claims Reserve. If the Disputed Claims Reserve is required to be established under the Plan, the Disputed Claims Reserve may be adjusted from time to time after the Effective Date by the Reorganized Debtors, after taking into account the anticipated recovery fraction which has been or is anticipated to be paid to the holders of Allowed Claims, after giving effect to the amount of the Disputed Claims as determined pursuant to Section 2.49 above. The Disputed Claims Reserve will not apply to the
Disputed Claims Reserve means the reserve of Cash within the Core Value Cash Pool to be Distributed to holders of Disputed General Unsecured Claims, if and when such Disputed Claims become Allowed, which shall be funded with amounts and on terms acceptable to the Creditor Representative.
Disputed Claims Reserve means, in the event there exists any Disputed Claims on the Effective Date, the reserve established in accordance with Article VIII of the Amended Plan, to hold cash that would be distributable to the holders of such Claims if such Claims are subsequently Allowed, as set forth more fully in Article VIII of the Amended Plan.