Plan Administration Assets definition

Plan Administration Assets means all of the assets of the Debtors not sold to the Buyer, including, without limitation, (a) the Wind Down Amount, and (b) any Causes of Action of the Debtors that are not released, waived, or transferred pursuant to the Plan, including any Causes of Action relating to any Disputed Claims.
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Examples of Plan Administration Assets in a sentence

  • In such cases, any Cash held for payment on account of such Claims shall be Plan Administration Assets, free of any Claims of such Holder with respect thereto.

  • Any Holder of an Allowed Claim on account of which the amount of Cash or other property to be distributed is less than $25 shall be forever barred from asserting such Claim against the Plan Administration Assets.

  • As of the Effective Date, all assets vested as Plan Administration Assets and all assets dealt with in the Plan shall be free and clear of all Liens, Claims, and Interests except as otherwise specifically provided in the Plan or in the Confirmation Order.

  • After such date, all unclaimed property or interests in property shall revert to the Debtors and their Estates as Plan Administration Assets (notwithstanding any applicable federal or state escheat, abandoned, or unclaimed property laws to the contrary), and the Claim of any Holder to such property or interest in property shall be discharged and forever barred.

  • On the Effective Date, the Plan Administrator shall accept authority over the Plan Administration Assets as a plan administration officer pursuant to the Plan Administration Agreement, provided, however, that the Plan Administrator may abandon or otherwise not accept any assets that the Plan Administrator believes, in good faith, have no value to the Plan Administration Process.

  • Any assets the Plan Administrator so abandons or otherwise does not accept shall not vest in the Debtors or their Estates as Plan Administration Assets.

  • On the Effective Date, the Plan Administration Assets shall vest in the Debtors and their Estates for the purpose of liquidating the Plan Administration Assets and winding down the Estates, free and clear of all Liens, Claims, charges, and other encumbrances.

  • On the Effective Date, the Debtors’ rights under and to (i) each D&O Policy and (ii) each other Insurance Policy not transferred to the Purchaser under the Sale Transaction Documents shall vest in the Post-Effective Date Debtors and their Estates as Plan Administration Assets.

  • As of the Effective Date, all Plan Administration Assets and all assets dealt with in this Plan shall be free and clear of all Liens, Claims, and Interests except as otherwise further provided in this Plan or in the Confirmation Order.

  • In such cases, any Cash held for payment on account of such Claims shall be property of the Post-Effective Date Debtors and their Estates as Plan Administration Assets free of the Claims of such Holder with respect thereto.

Related to Plan Administration Assets

  • Participant Direction Procedures means such instructions, guidelines or policies, the terms of which are incorporated herein, as shall be established pursuant to Section 4.10 and observed by the Administrator and applied and provided to Participants who have Participant Directed Accounts.

  • Claims Administration means the processing of claims made under the Shared Policies, including the reporting of claims to the insurance carriers, management and defense of claims and providing for appropriate releases upon settlement of claims.

  • Administration Account As defined in Section 7.02.

  • Plan Administrator means the plan administrator described in Article 8.

  • Professional employer services means services provided to a client company pursuant to a written

  • Administrative Committee means the committee in charge of Plan administration, as described in Article VII.

  • Medication administration means the direct application of medications by injection, inhalation, ingestion, or any other means to an individual receiving services by (i) persons legally permitted to administer medications or (ii) the individual at the direction and in the presence of persons legally permitted to administer medications.

  • Plan Committee means a committee of two or more directors appointed by the Board to administer the Plan.

  • Administrative Safeguards are administrative actions, and policies and procedures, to manage the selection, development, implementation, and maintenance of security measures to protect electronic PHI and to manage the conduct of Contractor’s workforce in relation to the protection of that information.

  • Benefits Committee means the Employee Benefits Committee of Textron.

  • Administrative Plans means investment plans offered by the Management Company and approved by the Commission, where such plans allow investors a specific investment strategy in any one or a combination of Schemes managed by the Management Company in accordance with the conditions specified by SECP.

  • Self-administration means carrying and taking medication without the intervention of the school nurse, approved through the school district policy and restricted to students with asthma, other potentially life-threatening illnesses or life-threatening allergic reaction.

  • Recordkeeper means a “financial intermediary” as defined in Rule 22c-2 of the Investment Company Act.

  • Administrative Code means the San Francisco Administrative Code.

  • Appropriate office of the State employment service system means the local office of the federal-state national system or public employment offices with assigned responsibility for serving the area where the employment opening is to be filled, including the District of Columbia, Guam, Puerto Rico, and the Virgin Islands.

  • Non-Administrator Dialysis Facility means a Dialysis Facility which does not have an agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan but has been certified in accordance with the guidelines established by Medicare.

  • the Administration Act means the Social Security Administration Act 1992;

  • Plan Manager means Investec Bank plc which is authorised by the PRA and regulated by the FCA and the PRA and bound by its rules.

  • Administrative Staff means all persons employed by the University who are categorised in terms of the Statutes as members of the administrative staff;

  • Discretionary Portfolio Management Services means the portfolio management services rendered to the Client by the Portfolio Manager on the terms and conditions contained in the agreement, where under the Portfolio Manager exercises any degree of discretion in the investments or management of assets of the Client.

  • Administrative employee means an employee who normally supervises persons engaged in office administration, construction, security or maintenance work who are represented by another trade union. This definition includes employees who share a community of interest with “supervisors”.

  • Non-Administrator Coordinated Home Care Program means a Coordinated Home Care Program which does not have an agreement with the Claim Administrator or a Blue Cross Plan but has been certified as a home health agency in accordance with the guidelines established by Medicare.

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Investment Committee means the committee in charge of investment aspects of the Plan, as described in Article VII.

  • Retirement Committee means a committee consisting of the Company’s Vice President of Human Resources, the Director of HR Operations and the Compensation & Benefits Manager.

  • Administrative penalty means a monetary fine imposed by the division for acts or