Disputed Claims Reserve Amount means the amount of assets determined by EME, the Committee, and the Supporting Noteholders that would likely have been distributed to the Holders of all applicable Disputed Claims against EME as if such Disputed Claims against EME had been Allowed Claims against EME on the Effective Date, with the amount of such Allowed Claims to be determined, solely for the purposes of establishing reserves and for maximum distribution purposes, to be (a) the lesser of (i) the asserted amount of each Disputed Claim against EME as scheduled by EME or, if and solely to the extent a non-duplicative Proof of Claim was filed in an asserted amount greater than the scheduled amount, the asserted amount filed with the Bankruptcy Court as set forth in such non-duplicative Proof of Claim or as provided by the parties to EME as further information with respect to the Proof of Claim, and (ii) the amount, if any, estimated by the Bankruptcy Court pursuant to section 502(c) of the Bankruptcy Code or ordered by other order of the Bankruptcy Court, or (b) the amount otherwise agreed to by EME, the Committee, the Supporting Noteholders, and the Holder of such Disputed or unliquidated Claim for reserve purposes.
Disputed Claims Reserve Amount means, as applicable, Cash equal to the aggregate Pro Rata Share that would be distributable to Holders of Disputed General Unsecured Claims in accordance with Section 3.02 (i) if such Claims were Allowed Claims on the Effective Date in the full amount asserted, or (ii) if any such Claim has been estimated or otherwise Provisionally Allowed by the Bankruptcy Court, in such estimated or Provisionally Allowed amount, whichever is lesser.
Disputed Claims Reserve Amount means, as applicable, Distributable Cash equal to the aggregate amount that would be distributable to Holders of Disputed General Unsecured Claims in accordance with Section 3.02: (a) if such Claims were Allowed Claims on the Effective Date in the full amount asserted, or (b) if any such Claim has been estimated or otherwise Provisionally Allowed by the Bankruptcy Court, in such estimated or Provisionally Allowed amount, whichever is lesser. For the avoidance of doubt, until all Secured Prepetition Credit Agreement Claims have been paid or satisfied in full in cash, by credit bid, or through a combination thereof, the Disputed Claims Reserve Amount shall be zero.
Examples of Disputed Claims Reserve Amount in a sentence
Notwithstanding anything to the contrary herein or in the Plan, neither the Plan Administrator, nor any other party in interest shall be obligated to fund the Disputed Claims Reserve in an aggregate amount in excess of the Disputed Claims Reserve Amount.
The Debtors intend to create a Disputed Claims Reserve to hold the Disputed Claims Reserve Amount.
Any costs, expenses or fees in relation to such redistribution of the balance of the Disputed Claims Reserve Amount to the MPC Claimants and SIHNV Contractual Claimants will be first deducted from that balance before the pro rata redistribution amounts will be determined .59B.
On each Distribution Date, the Distribution Agent shall fund the Disputed Claims Reserve in Cash, in the amount of the Disputed Claims Reserve Amount.
The U.S. Supreme Court recognized that imprisonment for “involuntary nonpayment of a fine or court costs” resulted in “impermissible discrimination that rest[ed] on ability to pay.” Id. at 241.
More Definitions of Disputed Claims Reserve Amount
Disputed Claims Reserve Amount has the meaning ascribed to it in the Amended Plan of Reorganization.
Disputed Claims Reserve Amount means the amount of assets determined prior to the Effective Date by the Debtors and the DIP Lender that would likely have been distributed to the Holders of all applicable Disputed Claims against the Debtors as if such Disputed Claims against the Debtors had been Allowed Claims against the Debtors on the Effective Date, with the amount of such Allowed Claims to be determined, solely for the purposes of establishing reserves and for maximum distribution purposes, to be (a) the lesser of (i) the asserted amount of each Disputed Claim against the Debtors as scheduled by the Debtors or, if and solely to the extent a non- duplicative Proof of Claim was filed in an asserted amount greater than the scheduled amount, the asserted amount filed with the Bankruptcy Court as set forth in such non-duplicative Proof of Claim or as provided by the parties to the Debtors as further information with respect to the Proof of Claim, and (ii) the amount, if any, estimated by the Bankruptcy Court pursuant to section 502(c) of the Bankruptcy Code or ordered by other order of the Bankruptcy Court, or (b) the amount otherwise agreed to by the Debtors, the DIP Lender, and the Holder of such Disputed or unliquidated Claim for reserve purposes.
Disputed Claims Reserve Amount means an amount, sufficient to pay, in full, in Cash, all Disputed Claims, funded into the Disputed Claims Reserve.
Disputed Claims Reserve Amount means, as applicable, Liquidating Trust Interests equal to the aggregate Pro Rata share that would be distributable to Holders of Disputed General Unsecured Claims in accordance with Section 3.4(d) (i) if such Claims were Allowed Claims on the Effective Date in the full amount asserted, or (ii) if any such Claim has been estimated or otherwise Provisionally Allowed by the Bankruptcy Court, in such estimated or Provisionally Allowed amount, whichever is lesser; provided, however, the Debtors shall not be required to retain any amount on account of contingent or unliquidated Claims.
Disputed Claims Reserve Amount means (a) Cash in an amount equivalent to the recovery to which Holders of Disputed Claims would have been entitled under this Plan if such Claims had been Allowed as of the Effective Date, (b) such lesser amount as determined by the Court, or (c) such lesser amount as agreed to between the Reorganized Debtors or the Plan Administrator and the Holders of such Disputed Claims, as applicable.
Disputed Claims Reserve Amount means 100% of the Disputed Claims Amount; provided, however, that the Disputed Claims Reserve Amount shall not exceed $750,000.
Disputed Claims Reserve Amount means Cash in an amount to be determined by the Debtors, with the consent (not to be unreasonably withheld, conditioned, or delayed) of the Required Consenting Stakeholders and in consultation with the Committee Wind-Down Consultation Party, which amount shall be used to fund the Disputed Claims Reserve.