GUC Cash Pool definition

GUC Cash Pool means $1.5 million in Cash.

GUC Cash Pool means Cash in an amount not to exceed $3,750,000.

GUC Cash Pool means Cash in the aggregate amount of $15,000,000 for the purposes of making distributions to Holders of Allowed Class 4 General Unsecured Claims, which shall consist of (i) $14,500,000 contributed by the Debtor and (ii) $500,000 contributed directly from NCMI, pursuant to which NCMI will not receive any New NCM Common Units associated with such contribution.

Examples of GUC Cash Pool in a sentence

• If Class 5 votes to accept the Plan, then on or as soon as reasonably practicable after the later of the Effective Date and the date on which a General Unsecured Claim becomes an Allowed General Unsecured Claim, each holder of an Allowed General Unsecured Claim shall receive, in full and final satisfaction of such Allowed General Unsecured Claim, such holder’s Pro Rata share of the GUC Cash Pool, which GUC Cash Pool shall be in the total amount of $3 million, subject to the GUC Cash Pool Reduction.

• All taxes imposed on assets or income of the Disputed Claims Reserve shall be payable by the Disbursing Agent from the assets of the Disputed Claims Reserve, and all taxes imposed on assets or income of the GUC Cash Pool will be payable by the Disbursing Agent from the assets of the GUC Cash Pool.

• As soon as reasonably practicable after the Effective Date, the Reorganized Debtors will transfer the GUC Cash Pool, if any, to the Litigation Trust to fund its operations under the Plan and the Litigation Trust Agreement.

• Any Allowed Fee Claims of Professional Persons retained by the Creditors’ Committee incurred on or after July 27, 2020 through the Effective Date that exceeds $150,000 in the aggregate shall be paid from the GUC Cash Pool.

• The transfer of the GUC Cash Pool and the Litigation Trust Assets to the Litigation Trust shall be made, as provided herein, for the benefit of the Litigation Trust Beneficiaries.

More Definitions of GUC Cash Pool

GUC Cash Pool means Cash in the amount of $2.15 million, which shall be funded by the Debtors to the Liquidating Trust on or before the Effective Date.

GUC Cash Pool means $2,550,000.00 of Cash.

GUC Cash Pool means Cash to be contributed by one or more of the Supporting Lenders in an amount equal to the sum of (a) $500,000, to be allocated to fund distributions to the Holders of Allowed General Unsecured Claims against CARBO, and (b)(i) the lesser of(x) $1,500,000 and (y) such amount as is necessary to render all Allowed General Unsecured Claims against Asset Guard and StrataGen Unimpaired, or (ii) in the Supporting Lenders’ sole discretion, such higher amount as necessary to render all Allowed General Unsecured Claims against Asset Guard and StrataGen Unimpaired. At the DIP Lenders’ election, and in their sole discretion, all or a portion of the GUC Cash Pool may be funded with any unused Commitments (as defined in the DIP Credit Agreement) under the DIP Facility as of immediately prior to the Effective Date; provided that notwithstanding the foregoing, and for the avoidance of doubt, the funding in full of the GUC Cash Pool shall be the responsibility of the applicable Supporting Lenders and is a condition precedent to the occurrence of the Effective Date, as set forth in ArticleIX.B.10 hereof.

GUC Cash Pool means $1.52.57 million in Cash (or such lesseramount as may be determined by the Bankruptcy Court as set forth in the Confirmation Order).

GUC Cash Pool means Cash in an amount up to $750,000, which shall be funded from Available Cash.

GUC Cash Pool. (as defined in the Plan), which is expected to consist of $500,000 or (ii) an equivalent value, will have their Shares of New Permian Corp. common stock. The form of the Substitute Distribution will be determined as provided for in the Plan. Eligible Offerees who choose not to participate in the Rights Offering (“Declining Offerees”) will also receive the Substitute Distribution.held in a Trust (the “Trust”), and such Non-Eligible Offerees will receive units in the Trust (the “Trust Units”). The Trust Units are totally passive and may not be transferred at any time. Non-Eligible Offerees holding Trust Units will only receive a distribution from the Trust in accordance with the documentation governing the Trust or, in any event, if the Trust is still in existence at such time, upon the expiration of the Trust, which is expected to be seven (7) years after the Effective Date.

GUC Cash Pool means an amount of Cash, to be determined by the Required Consenting Revolver Lenders, sufficient to provide holders of Allowed General Unsecured Claims a recovery of 2 percent on account of such Claims; provided that (a) if Class 6 votes to accept the Plan and Class 3 votes to accept the Plan, there shall be no Allowed General Unsecured Claims on account of deficiency claims arising on account of the Revolving Credit Facility Claims and Secured Swap Claims and any such deficiency claims shall be deemed to be satisfied by the distribution to holders of Allowed Class 3 Claims; (b) if Class 6 votes to accept the Plan and if Class 4 votes to accept the Plan, there shall be no Allowed General Unsecured Claims on account of deficiency claims arising on account of the Term Loan Claims and any such deficiency claims shall be deemed to be satisfied by the distribution to holders of Allowed Class 4 Claims; and (c) if Class 6 votes to accept the Plan and if Class 5 votes to accept the Plan, there shall be no Allowed General Unsecured Claims on account of deficiency claims arising on account of the Senior Notes Claims and any such deficiency claims shall be deemed to be satisfied by the distribution to holders of Allowed Class 5 Claims.