Unsecured Claims Distribution Fund definition

Unsecured Claims Distribution Fund means the fund to be established on the Effective Date of the Plan to fund distributions to holders of Class 4.1 Claims pursuant to Section 3.08 of the Plan in the amount of $_____________.
Sample 1
Unsecured Claims Distribution Fund means the fund to be established on the Effective Date of the Plan to fund distributions to holders of Classes 4.1 and 4.3 Claims pursuant to Sections 3.08 and 3.10, such that each holder of an Allowed Class 4.1 Claim will receive 100% of the amount of such Claim and each holder of an Allowed Class 4.3 Claim will receive 70% of the amount of such claim.
Sample 1

Examples of Unsecured Claims Distribution Fund in a sentence

  • Upon the (i) disallowance or allowance of Disputed Claims in Classes UM-1 and UM-2 by Final Orders, and (ii) the estimation of Disputed Claims in Classes UM-1 and UM-2 pursuant to the Claims Estimation Procedure, additional Cash in the MHG Unsecured Claims Distribution Fund may become available to holders of Allowed Class UM-1 Claims and Allowed Class UM-2 Claims, including holders that have received prior distributions.

  • In the event that both (i) holders of all Allowed Class UM-1 and UM-2 Claims have received a five percent (5%) distribution (excluding those holders of Class UM-2 Claims that are not Consenting Class UM-2 Holders), and (ii) all Disputed Class UM-1 and UM-2 Claims have been resolved through allowance, disallowance, or final estimation, then all remaining amounts in the MHG Unsecured Claims Distribution Fund shall be released to the Reorganized Debtors.

  • The Reorganized Debtors direct the Disbursing Agent to make an Additional MHG Distribution from the MHG Unsecured Claims Distribution Fund.

  • Statutory Basis for the Proposed Rule ChangeThe Exchange believes that its reasons for resolving uncompared “next- day” and “seller’s option” transactions through its Correction System is philosophically consistent with its reasons for developing and implementing the System for resolving uncompared “regular w ay” transactions.

  • The Reorganized Debtors direct the Disbursing Agent to make an Additional Distribution from the MPAN General Unsecured Claims Distribution Fund.

  • Each holder of an Allowed Class UM-1 Claim shall receive, in full satisfaction of such Claim, a Pro Rata share of the MHG Unsecured Claims Distribution Fund, which shall be shared on a Pro Rata basis by holders of Allowed Class UM-1 Claims and Allowed Class UM-2 Claims in accordance with the following procedures.

  • Each holder of an Allowed Class UP-1 Claim shall receive, in full satisfaction of such Claim, a Pro Rata share of the MPAN General Unsecured Claims Distribution Fund, in accordance with the following procedures.

  • DISTRIBUTIONS OF OTHER CONSIDERATION: In the event that any dividend or other distribution of Cash, stock, or any other consideration is made on account of New MPAN Common Stock or New MPAN Warrants that are held in the MPAN General Unsecured Claims Distribution Fund, such consideration shall be distributed to holders of Allowed Class UP-1 Claims in the same manner as such holders would be entitled to receive distributions of New MPAN Common Stock and New MPAN Warrants under this Plan.

  • FINAL MHG DISTRIBUTION: Within sixty (60) days after the resolution (either by allowance, disallowance, or final estimation for purposes of distribution) of all Disputed Claims in Classes UM-1 and UM-2 pursuant to Final Orders, the Reorganized Debtors shall promptly direct a final, Pro Rata distribution from the MHG Unsecured Claims Distribution Fund (the "Final MHG Distribution") to holders of Allowed Class UM-1 and UM-2 Claims.

  • FINAL MPAN DISTRIBUTION: Within sixty (60) days after the resolution (either by allowance, disallowance, or final estimation for purposes of distribution) of all Disputed Class UP-1 Claims pursuant to Final Orders, the Reorganized Debtors shall promptly direct a final, Pro Rata distribution from the MPAN General Unsecured Claims Distribution Fund (the "Final MPAN Distribution") to holders of Allowed Class UP-1 Claims.

Related to Unsecured Claims Distribution Fund

  • Unsecured Claims means claims which are not secured by any property of the Debtor’s Estate and which are not part of any other class defined in this Plan.

  • Unsecured Claim means a Claim that is not an Administrative Claim, a Priority Tax Claim, a Priority Claim, or a Secured Claim.

  • Allowed Unsecured Claim means all or that portion of an Unsecured Claim which is an Allowed Claim.

  • Series Distribution Account shall have the meaning specified in Section 8.

  • Class Distribution Amount As to each Combinable Class and Distribution Date, an amount equal to the distribution of principal and/or interest on such Distribution Date in respect of the Related REMIC Class multiplied by a fraction the numerator of which is equal to the Aggregate Denomination of such Class at the close of business on the related Record Date and the denominator of which is the original principal amount of the Related REMIC Class having the same letter designation. As to each RCR Class, the sum of (i) the Class Interest Distribution Amount for such Class and (ii) the Class Principal Distribution amount for such Class.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • General Unsecured Claims means Claims against any Debtor that are not Secured Claims, Administrative Claims, Priority Claims, Professional Compensation Claims, Intercompany Claims, or Equity Interests.

  • General Unsecured Claim means any Claim that is not a/an: Administrative Claim; DIP Facility Claim; Professional Fee Claim; Priority Tax Claim; Secured Tax Claim; Other Priority Claim; Other Secured Claim; Intercompany Claim; Prepetition Debt Claim; or 510(b) Equity Claim.

  • Distribution box means a watertight component that receives effluent from a septic tank or other treatment unit and distributes effluent via gravity in approximately equal portions to two or more distribution laterals in the soil treatment area.

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • 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.

  • Subordinated Claims shall have the meaning set forth in Section 3.6(c)(i) hereof.

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Released Class Claims means the claims being released as described in Paragraph 6.2 below.

  • Class Distribution Order means an order entered by the Court authorizing and directing that the Net Settlement Fund be distributed, in whole or in part, to Authorized Claimants.

  • Distribution main means the portion of any main with which a service line is, or is intended to be, immediately connected;

  • Cash Distributions means dividends, interest and other distributions and payments (including proceeds of liquidation, sale or other disposition) made or received in cash upon or with respect to any Collateral.

  • Excess Distribution Unit is defined in Section 6.1(d)(iii)(A).

  • Preferred claim means a claim with respect to which the terms of this chapter accord priority of payment from the general assets of the insurer.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • Dissolution Distribution Amount means the Trustee Call Amount, the Capital Event Redemption Amount or the Tax Event Redemption Amount, as the case may be, or such other amount in the nature of a redemption amount as may be determined in accordance with these Conditions;

  • Allowed Claim means an Allowed Claim of the type described.