Examples of Plan Expenses in a sentence
On or as soon as practical following the Effective Date, the Claims Reserve Account shall be opened and held by the Disbursing Agent and funded by the Unsecured Creditor Contribution, which funds (minus Plan Expenses) shall be held for the benefit of holders of Allowed Unsecured Claims.
Notwithstanding the foregoing, expenses incurred to analyze, resolve or adjudicate New Rejection Claims, whenever incurred, shall be the obligation of the Reorganized Debtor and shall be excluded from Plan Expenses.
The Debtor or the Reorganized Debtor shall not be obligated to pay and shall not pay any Plan Expenses.
Any Plan Expenses shall be payable solely out of the Unsecured Creditor Contribution and shall not constitute an obligation of the Reorganized Debtor.
Plan Expenses Direct administrative expenses are charged to the participants’ accounts, as provided by the Plan’s provisions.