Plan Distribution definition

Plan Distribution means a payment or distribution to Holders of Allowed Claims, Allowed Interests, or other eligible Entities under and in accordance with the Plan.

Plan Distribution means a payment or distribution to holders of Allowed Claims, Allowed Interests, or other eligible Entities under this Plan.

Plan Distribution means the payment or distribution under the Plan of the Plan Consideration.

Examples of Plan Distribution in a sentence

• Each Disbursing Agent shall comply with all applicable withholding and reporting requirements imposed on it by any federal, state, or local taxing authority, including but not limited to U.S. federal backup withholding, and all Plan Distribution and all related agreements shall be subject to any such withholding or reporting requirements.

• The Reorganized Debtor shall not be required to make any Plan Distribution of cash less than fifty dollars ($50) to any holder of an Allowed Claim; provided, however, that if any Plan Distribution is not made pursuant to Article VII.I of the Plan, such distribution shall be added to any subsequent Plan Distribution to be made on behalf of the holder’s Allowed Claim.

• If any Plan Distribution to a holder of an Allowed Claim is not negotiated for a period of 180 days after the Plan Distribution, then such Plan Distribution shall be deemed unclaimed property under section 347(b) of the Bankruptcy Code and re-vest in the Reorganized Debtor.

• Except to the extent that a holder of an Allowed General Unsecured Claim agrees to less favorable treatment of such Claim, in exchange for full and final satisfaction, settlement, release, and discharge of, and in exchange for, each Allowed General Unsecured Claim, each holder thereof shall, subject to the holder’s ability to elect Convenience Claim treatment on account of the Allowed General Unsecured Claim, receive such holder’s Pro Rata share of the GUC Plan Distribution.

• Plan participants should seek advice based on the taxpayer’s circumstances from a tax advisor.403(b) Plan Distribution Form You are about to make a decision that could greatly affect your plans for retirement.

More Definitions of Plan Distribution

Plan Distribution means the payment or distribution under the Plan of Cash, Assets, securities or instruments evidencing an obligation under the Plan to the holder of an Allowed Claim or Allowed Equity Interest.

Plan Distribution means the payment or distribution of consideration to Holders of Allowed Claims and Equity Interests under this Plan.

Plan Distribution means the payment or distribution of consideration to holders of Allowed Claims in accordance with Articles IV and VI of the Plan.

Plan Distribution means the payment or distribution of consideration to Holders of Allowed Claims and Existing Common Interests under the Plan.

Plan Distribution means a payment or distribution of Cash, assets, securities or instruments evidencing an obligation to holders of Allowed Claims under the Plan.

Plan Distribution means a payment or distribution to Holders of Allowed Claims or other eligible Entities in accordance with the Plan (or their Permitted Designees).

Plan Distribution means the payment or distribution of consideration to holders of Allowed Claims under this Plan.