Remaining Cash on Hand definition
Remaining Cash on Hand means, with respect to each Debtor, the Cash available for distribution after satisfaction of the Allowed Administrative Expense Claims, Allowed Priority Tax Claims, U.S. Trustee Fees, Allowed Other Priority Claims, Allowed Other Secured Claims, Allowed DIP Fee Claims, Allowed Fee Claims, and Allowed Adequate Protection Claims against such Debtor, and, to the extent applicable, the Secured Claims under the Pre-petition Facilities. For the avoidance of doubt, Remaining Cash on Hand shall be calculated by taking into account the Sale Proceeds, the value of the New Money Capital Infusion, and the funds available under the New Senior Debt Facility, less Retained Net Operating Funds, in each case, allocated to the applicable Debtor.
Remaining Cash on Hand means, with respect to each Debtor, the
Remaining Cash on Hand means all available Cash in the possession of or received by the Debtors or the Reorganized Debtors whatsoever, whether received before or after the Effective Date, including without limitation for any and all operations of the business of the Debtors, other than (i) the Net Sale Proceeds, (ii) funds in the Administrative and Priority Claim Reserve, the Professional Compensation Claim Reserve, and the Lien Reserve, and (iii) Cash reserved for payment of all incurred and unpaid expenses under the DIP Budget or the Post-Closing Budget. By way of example and not by limitation, Remaining Cash on Hand includes any refunds on unused insurance premiums, refunds or surrendering of unused letter of credit proceeds (net of expenses) based on a return, reduction, or cancellation of such letter of credit, unused deposits returned from any and all third parties, JIBs or other receivables collected by the Debtors or the Reorganized Debtors for periods of hydrocarbon production prior to the closing of the White Marlin Sale or the Trimont Sale, any ad valorem or other tax refunds (including FIT), and receivables. Moreover, Remaining Cash on Hand includes all such funds that are remaining (i.e., excess funds) in the Administrative and Priority Claim Reserve, the Professional Compensation Claim Reserve, and the Lien Reserve after payment in full of Allowed Administrative Claims, Allowed Professional Compensation Claims, Allowed Priority Unsecured Tax Claims, Allowed Priority Employee Claims, Allowed Priority Unsecured Non-Tax Claims, Allowed Secured Tax Claims, and Allowed Other Secured Claims pursuant to the Plan.