Disputed General Unsecured Claims Reserve definition

Disputed General Unsecured Claims Reserve means the reserve established pursuant to Article 7.1(c) of the Plan, which reserve shall contain amounts relating to Disputed General Unsecured Claims.

Disputed General Unsecured Claims Reserve means the reserve established and maintained by the Reorganized Debtors to hold the Liquidating Trust Interests to be distributed, as applicable, to Holders of Allowed General Unsecured Claims pending the resolution of Disputed General Unsecured Claims in accordance with the terms of Article VII hereof.

Disputed General Unsecured Claims Reserve means the reserve funded by the Operating Debtors pursuant to Section 8.1 of the Plan to ensure sufficient funds to pay all Disputed General Unsecured Claims in accordance with Section 3.2(c) of the Plan to the extent that such Claims become Allowed General Unsecured Claims.

Examples of Disputed General Unsecured Claims Reserve in a sentence

• After all Disputed General Unsecured Claims have been either Allowed or Disallowed, each holder of an Allowed General Unsecured Claim shall receive its Pro Rata Share of any Cash remaining in the Disputed General Unsecured Claims Reserve.

• Once the Disputed General Unsecured Claims have been resolved, the Disputed General Unsecured Claims Reserve shall be dissolved.

• As soon as reasonably practicable, but prior to making any Distribution to Holders of General Unsecured Claims, the Liquidating Trustee shall establish the Disputed General Unsecured Claims Reserve and shall reserve thereto the amount of cash as deemed necessary by the Liquidating Trustee to fund the Disputed General Unsecured Claims Reserve in accordance with the provisions of the Plan.

• Class 2 Interests reserved for Disputed General Unsecured Claims shall be issued by the Liquidating Trust to, and held by the Liquidating Trustee in, the Disputed General Unsecured Claims Reserve Trust pending allowance or disallowance of such Claims.

• The shares of the New Common Stock held in the Disputed General Unsecured Claims Reserve shall be voted in accordance with, and in direct proportion to, the votes cast by those shareholders, excluding Monsanto and the Entity holding the New Common Stock issued on account of the Retiree Claim, voting on any and all matters for which a vote of the shareholders of the New Common Stock is taken or required.

More Definitions of Disputed General Unsecured Claims Reserve

Disputed General Unsecured Claims Reserve means, in the event there exists any Disputed General Unsecured Claim on or after the Effective Date, Cash to be set aside by the Disbursing Agent pursuant to Section 7.5 of the Plan, in one or more separate bank accounts, in an amount sufficient to pay the distributions to all Disputed General Unsecured Claims at the time such distributions are made in accordance with the provisions of the Plan, if such Disputed General Unsecured Claims become Allowed Claims.

Disputed General Unsecured Claims Reserve means an amount of Cash funded from the Carve-Out Fund to make distributions on account of Claims of holders of Disputed General Unsecured Claims under the Plan if such Claims are subsequently Allowed.

Disputed General Unsecured Claims Reserve means any reserve established and maintained by the Liquidating Trustee for the payment of Disputed General Unsecured Claims. Unless otherwise ordered by the Bankruptcy Court, any unliquidated General Unsecured Claim shall be valued at $0 for purposes of calculation of the Disputed General Unsecured Claims Reserve.

Disputed General Unsecured Claims Reserve means the reserve established pursuant to Section 7.2 of this Plan.

Disputed General Unsecured Claims Reserve has the meaning set forth in Section 9.3(c) of this Plan.

Disputed General Unsecured Claims Reserve. For the avoidance of doubt, the Debtors shall not be required to reserve any Cash or other consideration on account of any Disputed General Unsecured Claim the Debtors reasonably believe is covered by insurance; provided, that, notwithstanding the foregoing, the Reorganized Debtors shall reserve Cash in an amount equal to the Plan Distribution to which the holder of any such Disputed General Unsecured Claim would be entitled on account of any SIR Claim that would be Allowed if such Disputed General Unsecured Claim were an Allowed Claim, in the amount of such SIR Claim; provided that the amount of the Disputed General Unsecured Claims Reserve shall be determined in consultation with the Creditors’ Committee.

Disputed General Unsecured Claims Reserve means the reserve established andmaintained by the Liquidating Trustee in accordance with Article VII.A.1 hereof.