GUC Recovery definition

GUC Recovery means $100,000; provided that if Class 4 does not vote in sufficient number and amount such that Class 4 accepts the Plan pursuant to section 1126(c), then there shall be no GUC Recovery.
Sample 1Sample 2Sample 3
GUC Recovery means, for each Sub-Class of General Unsecured Claims, (x) the sum of (a) the Minimum GUC Recovery and (b) the GUC Allocation of the Cudd Proceeds, multiplied by (y) the Sub-Class Allocation Percentage applicable to such Sub-Class.
Sample 1Sample 2Sample 3
GUC Recovery means the Propco I GUC Recovery, MAP RE GUC Recovery, TRU RE I GUC Recovery, TRU RE II GUC Recovery, or Wayne RE GUC Recovery, as applicable.
Sample 1Sample 2

Examples of GUC Recovery in a sentence

  • The location of the GUC Recovery Trustee’s service address for purposes of these chapter 11 cases is: 110 East 42 Street, Suite 1818 New York, NY 10017.

  • Notwithstanding anything to the contrary herein, in no event shall holders of Allowed General Unsecured Claims recover more than the full amount of their Allowed General Unsecured Claims from the GUC Recovery Trust.

  • The Debtors, the Reorganized Debtors, and their Estates, the Wind Down Estates, and the GUC Recovery Trust shall be permanently enjoined from prosecuting any of the foregoing Claims or Causes of Action released under this Section 10.6(a) against each of the Released Parties.

  • Subject to Article VIII hereof, on, or as soon as reasonably practicable after, the Effective Date, each Holder of an Allowed General Unsecured Claim against Parent shall receive, in full satisfaction, settlement, discharge and release of, and in exchange for, such Claim, its Pro Rata share (calculated together with the Claims in Class 5) of the Parent GUC Recovery Cash Pool.

  • On, or as soon as reasonably practicable after, the Effective Date, each Holder of an Allowed Prepetition Notes Claim against Parent shall receive, in full satisfaction, settlement, discharge and release of, and in exchange for, such Claim, its Pro Rata share (calculated together with the Claims in Class 6) of the Parent GUC Recovery Cash Pool; provided that the Holders of the Prepetition Notes Claims against Parent shall waive any distribution from the Parent GUC Recovery Cash Pool.


More Definitions of GUC Recovery

GUC Recovery means, for each Sub-Class of General Unsecured Claims, (x) the greater of (a) $1,000,000 (i.e., the Minimum GUC Recovery) or (b) 50% of the net proceeds of the Cudd Litigation (if any), multiplied by (y) the Sub-Class Allocation Percentage applicable to such Sub-Class. “Sub-Class Allocation Percentage” means the percentage of the aggregate GUC Recovery (taking into account all Sub-Classes of Class 6) allocated to each Sub- Class in Class 6, which percentage for each Sub-Class (by Debtor) is set forth in the table below. The Debtors determined the Sub-Class Allocation Percentage for each Debtor by estimating the net recoverable value of the Avoidance Actions held by the Debtor, and dividing that amount by the aggregate estimated value of all Avoidance Actions held by all of the Debtors.
Sample 1Sample 2
GUC Recovery and “GUC Recovery Pool” shall mean, for each Sub-Class of General Unsecured Claims, (x) the sum of (a) the Minimum GUC Recovery, (b) any remaining Cash in the Convenience Class Recovery Pool after distributions to holders of Allowed Class 5 Claims as referenced in Article I.A.27 herein, and (c) the GUC Allocation of Cudd Proceeds ((a)-
Sample 1Sample 2
GUC Recovery means $500,000, less any amount required to pay Allowed Non- Budgeted Committee Professional Compensation Claims.
Sample 1
GUC Recovery means, for each Sub-Class of General Unsecured Claims, (x) the greater of (a) $1,000,000 (i.e., the Minimum GUC Recovery) or (b) 50% of the net proceeds of the Cudd Litigation (if any), multiplied by
Sample 1
GUC Recovery means, for each Sub-Class of General Unsecured Claims, (x) the greater of (a) $1,000,000 (i.e., the Minimum GUC Recovery) or (b) 50% of the net proceeds of the Cudd Litigation (if any), multiplied by (y) the Sub-Class Allocation Percentage applicable to such Sub-Class. “Sub-Class Allocation Percentage” means the percentage of the aggregate GUC Recovery (taking into account all Sub-Classes of Class 6) allocated to each Sub- Class in Class 6, which percentage for each Sub-Class (by Debtor) is as follows:
Sample 1
GUC Recovery means (i) the GUC Carve-Out and (ii) Cash recoveries (if any) on account of Causes of Action.
Sample 1
GUC Recovery means (i) any Net Cash in excess of amounts necessary to
Sample 1