Effective Date Payment definition

Effective Date Payment means the payment from the Exit Facility and Premier Funds, or the proceeds of the sale of the Debtors’ real property if the Debtors are unable to timely close on the Exit Facility pursuant to the Plan, to pay claims as set forth in Article III of the Plan.

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Effective Date Payment has the meaning set forth in Section 3.1(a).

Effective Date Payment has the meaning described in Section 5.2(a).

Examples of Effective Date Payment in a sentence

• For the avoidance of doubt, and notwithstanding anything herein to the contrary, the Effective Date Payment shall not be taken into account in computing any benefits under any plan, program or arrangement of the Parent, the Company Bank, the Company or their affiliates.

• Upon and immediately following the Closing Date, after giving effect to all of the transactions contemplated by and in this Agreement (including the payment of the Effective Date Payment and the assumption by Buyer of the Assumed Liabilities in accordance herewith), to Seller’s Knowledge, Seller will not be insolvent and will have sufficient capital to continue in business and pay its debts as they become due.

• On the Effective Date, the Parent shall pay you a lump sum payment in cash in the amount set forth on Exhibit A (the "Effective Date Payment").

• For the avoidance of doubt, and notwithstanding anything herein to the contrary, the Effective Date Payment shall not be taken into account in computing any benefits under any plan, program or arrangement of the Purchaser Bank, the Purchaser, the Company Bank, the Company or their affiliates.

• US Airways shall pay to Mesa the Effective Date Payment, plus an [***] as a contribution towards Mesa’s cost for the Upgrades (collectively with the Effective Date Payment, the “Upgrade Contribution”), in thirty-eight (38) equal installments, payable upon satisfactory completion of the ▇▇▇ Upgrades for each CRJ-900 aircraft.

More Definitions of Effective Date Payment

Effective Date Payment means an amount equal to the Effective Date Cash minus the Administrative Holdback, Effective Date Holdback, and Off-season Holdback.

Effective Date Payment means the payment from the Premier Funds to pay Allowed Secured Claims (other than the Prepetition Lender’s Secured Claim), Allowed Administrative Expenses, Allowed priority claims, and Allowed General Unsecured Claims.

Effective Date Payment means the payment from the funds made available under the Exit Facility to pay the obligations to the DIP Lender, Administrative Expenses, any priority claims, and an initial fifty (50%) percent distribution to General Unsecured Creditors on Allowed General Unsecured Claims.

Effective Date Payment means the payment of thirteen million Dollars ---------------------- ($13,000,000) Cash by the Guarantors on the effective date of the Plan, in respect of the Guaranteed Obligations.

Effective Date Payment means the payment no later than May 15, 2019 from the Exit Facility and Premier Funds to pay claims as set forth in Article III of the Plan.

Effective Date Payment has the meaning set forth in Section 4.1. “Option” has the meaning set forth in Section 4.10.

Effective Date Payment means eight hundred million dollars ($800,000,000) plus, (x) the Estimated Accrued Interest Amount less (y) the Estimated Principal and Interest Amount.