Wind-Down Amount means Cash in an amount to be determined by the Debtors, which amount shall be funded by the Debtors and used by the Plan Administrator to fund the Wind Down.
Wind-Down Amount means Cash in an amount set forth in the Wind-Down Budget to be determined by the Debtors, with the consent of the Required Consenting Term Lenders, which amount shall be funded by the Debtors and used by the Plan Administrator to fund the Wind Down.
Wind-Down Amount means Cash in an amount sufficient to (a) administer the Plan (including payment in full in Cash or such other treatment as to render Unimpaired all Allowed Administrative Expense Claims, Priority Tax Claims, Other Secured Claims, and Other Priority Claims), (b) wind down the Estates, (c) fund the Disputed Secured and Priority Claims Reserve, and (d) conduct the Plan Administration Process, all in accordance with the Wind Down Budget; but which shall in no event exceed $3.0 million (excluding any amounts funded by the Buyer to pay taxes relating to the Sale), plus the Severance Amount, plus the KERP Amount, unless otherwise agreed by the Debtors, the RBL Agent, and the Requisite Lenders.
Examples of Wind-Down Amount in a sentence
Any Cash remaining after facilitating all distributions pursuant to the Plan or any other order of the Bankruptcy Court (including, for the avoidance of doubt, amounts distributed on account of the Professional Fee Reserve Amount and the Wind-Down Amount) shall be paid to Holders of Allowed First Lien Claims on a Pro Rata basis until such time as Holders of Allowed First Lien Claims have been paid in full.
Any remaining amounts in the Wind-Down Amount following all required distributions therefrom in accordance with the terms of the Wind-Down Budget shall promptly be distributed in accordance with the Bankruptcy Code and the Plan, including Article 4.22.
More Definitions of Wind-Down Amount
Wind-Down Amount means the Wind-Down Amount, as defined in the Asset Purchase Agreement), funded by Taylor into the Wind-Down Funds Account on July 31, 2015 in connection with the closing of the sale to Taylor pursuant to the Asset Purchase Agreement. For the avoidance of doubt, except when released in accordance with Subsection 3.3.2 of the Plan, the Wind-Down Amount shall not constitute GUC Trust Assets.
Wind-Down Amount means an amount agreed upon between the Required Lenders and the Debtors to fund (a) the payment of Allowed Priority and Administrative Claims to the extent not otherwise assumed under the Sale Transaction Documentation as Assumed Liabilities, and (b) the costs to wind-down the Bankruptcy Cases in accordance with the Wind-Down Budget. The Wind-Down Amount shall be funded first from Settlement Proceeds, but solely in the event any Settlement Proceeds remain after payment of the Estate Retained Professional Fees Escrow Amount, and second from the Sale Transaction Proceeds, in an amount to be agreed upon by the Debtors and the Required Lenders.
Wind-Down Amount means an amount agreed upon between the Required Lenders and the
Wind-Down Amount means Cash in an amount set forth in the Wind-Down Budget to be determined by the Debtors, subject to the approval of the HBC Parties and in consultation with the Committee, which amount shall be funded out of Available Cash.
Wind-Down Amount means an amount negotiated between the Required Lenders and the Debtors to fund (i) the payment of allowed priority and administrative expense claims, including, for the avoidance of doubt, the amount required to fund (a) accrued payroll and payroll taxes related thereto, (b) amounts due and owing under the key employee incentive program sought in the Debtors’ Motion for Entry of an Order (I) Approving the Debtors’
Wind-Down Amount means the total funds needed to Wind Down as set forth in the Wind Down
Wind-Down Amount means, in the event of a Sale Transaction, an amount sufficient to fund (a) the payment in full of Allowed Administrative Claims, Allowed Priority Tax Claims, and Allowed Other Priority Claims to the extent not otherwise assumed under any Sale Transaction Documentation, and (b) the costs to wind down the Estates and Chapter 11 Cases in accordance with the Wind-Down Budget, which amount shall be funded from the Sale Transaction Proceeds.