Wind-Down Amount definition

Wind-Down Amount means an amount in excess of any Surplus Funds necessary to fund: (a) all accrued but unpaid fees and disbursements of the Receiver and its counsel subject to the Receiver’s Charge as at the Closing Date, and (b) the costs to wind down and complete the Receivership Proceeding after the Closing Date (including costs associated with the Receiver terminating and/or disclaiming any agreements (including those related to the Leased Premises)), which amount shall be subject to the Receiver’s Charge.
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 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.

Examples of Wind-Down Amount in a sentence

Except as otherwise ordered by the Bankruptcy Court, the reasonable and documented fees and expenses incurred by the Disbursing Agent on or after the Effective Date (including taxes) and any reasonable compensation and expense reimbursement Claims (including attorney fees and expenses) made by the Disbursing Agent in connection with such person’s duties shall be paid without any further notice to or action, order, or approval of the Bankruptcy Court in Cash from the Wind-Down Amount.

On the Effective Date, the Plan Administrator shall establish the Wind-Down Reserve by depositing Cash in the amount of the Wind-Down Amount into the Wind-Down Reserve.

On the Effective Date, the Plan Administrator shall establish the Wind-Down Reserve by depositing Cash, in the amount of the Wind-Down Amount into the Wind-Down Reserve.

The Plan will be implemented by the Debtors, the Secured Creditor Trust and the GUC Trust, as applicable, and funded from the Assets of the Estates, the Wind-Down Amount, and the Taylor Payment Receivable.

On or prior to the Effective Date, the Debtors shall retain the Wind-Down Amount in accordance with the terms of the Sale Transaction Documentation.


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 the amount of $500,000.00 of Cash funded by the Purchaser and/or Newmark pursuant to the Committee Settlement and which is excluded from the Purchased Assets. The Wind-Down Amount shall remain with the Liquidating Debtors to fund the wind down of the Liquidating Debtors following the Sale Closing and any funds remaining in the Wind-Down Amount shall be transferred to the Liquidating Trust on the Effective Date.
Wind-Down Amount means an aggregate amount to be used for wind-down purposes not to exceed $250,000, plus the amounts set forth in the Carve-Out (as defined in the Financing Order).
Wind-Down Amount means Cash in an amount determined by the Debtors, and which is acceptable to the DIP Agent and Prepetition Agent, which amount shall be retained by the Debtors and used by the Plan Administrator to fund the Wind-Down in accordance with the Wind-Down Budget.
Wind-Down Amount means the $1,850,000 funded by the Purchaser as part of the Settlement
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.