General Unsecured Claims Reserve means that amount reserved for the payment of the Disputed General Unsecured Claims.

General Unsecured Claims Reserve means the reserve established on the

General Unsecured Claims Reserve means the reserve in the amount of not less than $10 million

Examples of 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.
Distributions from the General Unsecured Claims Reserve will be available for General Unsecured Claims that are not Allowed Claims as of the Effective Date but become Allowed Claims thereafter.
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.
Cash held in the Disputed General Unsecured Claims Reserve as a result of such dividends and other Distributions will (i) be deposited and held in trust pending distribution by Reorganized Solutia for the benefit of Holders of Allowed General Unsecured Claims and Noteholder Claims, (ii) be accounted for separately and (iii) not constitute property of the Reorganized Debtors.

More Definitions of General Unsecured Claims Reserve

General Unsecured Claims Reserve means the reserve in the amount of not less than $10 million (or such higher amount as may be established by the Liquidation Trustee) established from the Net Daimler Proceeds to fund: (a) the activities necessary to reconcile, litigate or otherwise resolve Disputed General Unsecured Claims; and (b) any costs to make distributions on account of Allowed General Unsecured Claims. No General Unsecured Claims Reserve shall be established if the Class 3A Voting Condition is not satisfied.

General Unsecured Claims Reserve means the account to be established by the Plan Administrator and funded with the General Unsecured Claims Reserve Amount.

General Unsecured Claims Reserve means the reserve of Cash established and maintained by the Debtor or the Reorganized Debtor to pay Allowed General

General Unsecured Claims Reserve means the reserve of Cash established and maintained by the Debtor or the Reorganized Debtor to pay Allowed General Unsecured Claims, which reserve shall be funded in an amount not less than an amount required to fund the Distribution Percentage for Allowed General Unsecured Claims totaling $8.5 million.

General Unsecured Claims Reserve means the account to be established by the Liquidation Trustee and funded with the General Unsecured Claims Reserve Amount pursuant to Section 6.9 of the Plan.