Retained Estate definition

Retained Estate means all of the property (as that term is defined in section 541(a) and (c) of the Bankruptcy Code) and assets of the Debtor, and the Cash and non- Cash proceeds thereof, of any sort, type, character or nature existing as of the Confirmation Date, including, without limitation, Sale Transaction proceeds, Cash and Causes of Action (and the proceeds thereof), all of which shall not revest in the Debtor upon Confirmation, but shall be retained in the Debtor’s bankruptcy estate, which Retained Estate shall continue until the Retained Estate’s property and assets have been entirely distributed or otherwise disposed of under the terms of this Plan and the Confirmation Order by the Plan Administrator and the Disbursing Agent.
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Retained Estate means all of the property (as that term is defined in
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Examples of Retained Estate in a sentence

  • Retained Estate On schools with retained estate and exclusion of FFE clauses, there is a requirement to develop and include provision for the long term asset management of these elements.

  • As provided in Article XI of the Plan, the Bankruptcy Court shall retain jurisdiction over the Retained Estate and the Debtor to the fullest extent permitted by law, including, but not limited to, for the purposes of interpreting and implementing the provisions of this Agreement; provided, however, that the retention of jurisdiction shall not require the retention or payment of the Plan Administrator or Administrator Professionals to be approved by the Bankruptcy Court.

  • In the absence of actual knowledge to the contrary, any person dealing with the Debtor and the Retained Estate shall be entitled to rely on the authority of the Plan Administrator to act on behalf of the Retained Estate and the Debtor, and shall have no obligation to inquire into the existence of such authority.

  • Upon the Plan Administrator’s exhaustion of the assets of the Debtor’ Retained Estate and completion of the actions specified in the preceding sentence and upon the consent of the Board of Directors, this Agreement shall terminate.

  • The indemnification provisions of the Agreement shall remain available to and be binding upon any former Plan Administrator, the Disbursing Agent or the Retained Estate of any decedent Plan Administrator and the Disbursing Agent and shall survive the termination of this Agreement.

  • To the extent the Debtor and the Retained Estate indemnify and hold harmless the Indemnified Parties, the reasonable attorneys’ fees and related costs incurred by counsel to the Plan Administrator and the Disbursing Agent in monitoring and participating in the defense of such claims giving rise to the right of indemnification shall be paid out of the Administrative Reserve.

  • On the Effective Date (or as soon thereafter as is practicable) and from time to time thereafter, including on each Distribution Date, the Plan Administrator, in consultation with the Board of Directors, shall create and fund the Administrative Claims Reserve with an amount of the Retained Estate Cash equal to the aggregate Disputed Claim amount of all Disputed Administrative Claims, Disputed Priority Tax Claims, Disputed Priority Claims and Disputed Secured Claims.