Examples of Post-Effective Date Merger Claims in a sentence
The liabilities of FGCC and FRC constitute Post-Effective Date Merger Claims that will satisfied by the Reorganized Debtor in the ordinary course of business in accordance with applicable non-bankruptcy law; those liabilities are not classified or treated as Claims under the Signature Plan.
These funds will be used for operations, investments, general corporate purposes and reserves for making the Distributions required by the Signature Plan and to the Holders of Post-Effective Date Merger Claims.
Employees who are not employed pursuant to a written contract are also not subject to the Town’s termination process.
After the Effective Date, the Plan Administrator (as defined in the Creditors’ Committee Plan), in consultation with the board of directors of the Reorganized Debtor, may determine to increase or decrease the amount reserved for the satisfaction in full of Post-Effective Date Merger Claims (which include Repurchase Claims).
After the Effective Date of the New World Plan, the Board of Directors of the Reorganized Debtor may determine to increase or decrease the amount reserved for the satisfaction of Post-Effective Date Merger Claims (which include Repurchase Claims).
As set forth above and as more fully described in the New World Disclosure Statement, various parties in the Case estimate that between $14.9 million and $29.4 million in cash may be required to satisfy Post-Effective Date Merger Claims.
The Equity Committee Plan proposes to reserve $44.05 million in cash required to satisfy Post-Effective Date Merger Claims consisting of approximately $37.2 million of Repurchase Claims (the “ Repurchase Claim Amount”) and approximately $6.85 million of Non-Repurchase Litigation Claims (the “Non-Repurchase Litigation Claim Amount”).
Various parties in the Case estimate that between $14.9 million and $29.4 million in cash may be required to satisfy Post-Effective Date Merger Claims (i.e., claims of creditors of FRC and FGCC prior to the Merger), consisting of the following: (i) Repurchase Claims and (ii) Non-Repurchase Litigation Claims5.
As discussed more fully in the Creditors’ Committee Disclosure Statement, the Creditors’ Committee estimates that up to approximately $41.1 million in cash may be required to satisfy Post-Effective Date Merger Claims.
New World will create a reserve of $30,000,000 for Post-Effective Date Merger Claims.