Liquidation Reserve definition

Liquidation Reserve means a Cash reserve established by the Liquidating Agent, in an amount to be specified in a budget attached to the Confirmation Order, which shall be used for payment of expenses of the Liquidating Agent and the Liquidating Entity in performing their functions under Article VIII of the Plan, including, but not limited to, expenses of liquidating any assets held by the Liquidating Entity, litigating any Pending Debtor Claims, preparing tax returns, filing monthly operating reports in the Bankruptcy Cases (if required), paying quarterly U.S. Trustee's fees (if required), paying fees and expenses of professionals and agents retained by the Liquidating Agent, paying other expenses incurred in the administration of the Liquidating Entity, dissolving the Debtors and, if applicable, WorldCorp LLC, making a final distribution to creditors, and funding the Wind-Up Reserve, if any.

Liquidation Reserve means the record created on the books of the Bank in accordance with Section 6.03 hereof. "LIQUIDATION RESERVE FACTOR" means a factor which shall be established and modified by Bank in its sole discretion from time to time PROVIDED, HOWEVER, that in no event may such factor exceed .03 and PROVIDED FURTHER, that Bank may not make changes to the Liquidation Reserve Factor unless and until Retailers shall have requested in writing that Bank, in the

Liquidation Reserve means that certain Reserve in the amount of $1,535,000 established in connection with Administrative Agent’s consent to the senior Liens granted by EMS OpCo, Bob’s, Sport Chalet, and Team Sales to the Inventory Liquidators pursuant to the GOB Agreement.

Examples of Liquidation Reserve in a sentence

• Contractor shall provide any and all equipment necessary and water source to complete the specified tasks and to maintain every unit as completely operational.

• Liquidation ReserveOn or before the Effective Date, the Debtors shall fund the Liquidation Reserve with the First Lien Term Lender Contribution in accordance with the terms of the Committee Settlement.

• Those with an EHCP plan will be risk-assessed in consultation with the SENCO and parents, to decide whether they need to continue to be offered a school or college place in order to meet their needs, or whether they can safely have their needs met at home.

• The Liquidation Reserve shall also be funded by the residual proceeds, if any, from Unencumbered Assets and Available Additional DIP Collateral Proceeds to the extent necessary to allow payment of all Allowed General Unsecured Claims, provided, however, that such proceeds are first applied to pay Allowed Administrative Claims and Allowed Priority Claims in accordance with the Plan and the priority scheme set forth in the Bankruptcy Code.

• All RAPs/ARAPs will set the following major socio-economic goals by which to evaluate their success: Affected individuals, households, and communities are enabled to maintain or improve their pre-project standard of living; the local communities remain supportive of the project and the absence or prevalence of conflicts.

More Definitions of Liquidation Reserve

Liquidation Reserve means Cash held in the Liquidation Trust retained by the Liquidation Trustee as a reserve to cover (i) the costs and expenses of administering the Liquidation Trust and liquidating the Remaining Assets, including compensation of the Liquidation Trustee; and (ii) amounts that the Liquidation Trust anticipates may become due under this Plan to Holders of Allowed Claims and Interests.

Liquidation Reserve means, at any time, the greater of (x) an amount equal to 2% of the Greatest Amount of Net Eligible Advances at such time and (y) an amount equal to two (2) times the greatest amount of annual Liquidation Costs computed for all Acquired Advances for the three immediately preceding calendar years.

Liquidation Reserve means that reserve of Company funds, if any, held by the Company in connection with its process of winding up for the purpose of addressing obligations of the Company which may become due during the winding up process or after the termination of the Company.

Liquidation Reserve means, one and one-half (1.5) times the product of (i) the Greatest Amount of Net Eligible Advances at such time and (ii) the greatest of (x) the most recently calculated Liquidation Ratios, (y) the Liquidation Ratio for the immediately preceding calendar year and (z) the average of the Liquidation Ratios for the three immediately preceding calendar years.

Liquidation Reserve means, at any time of calculation, an amount equal to the product of the Cost of Store Closing Inventory multiplied by the then prevailing discount established by the Borrower or a Borrower Retail Subsidiary or their respective agents against the original retail price for such Store Closing Inventory, provided that no Liquidation Reserve shall be established for any sale of Store Closing Inventory until the beginning of the sixth week of any such sale.

Liquidation Reserve means the reserve account, initially funded under the Plan, established and maintained by the Liquidation Trustee for payment of costs, fees and expenses of the Liquidation Trust.

Liquidation Reserve has the meaning set forth in Section 6.1(B)(iv).