Wind-Down Budget definition

Wind-Down Budget means that certain budget governing the fees, expenses, and disbursements required for the Wind Down.

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Wind-Down Budget means a budget for the reasonable activities and expenses to be incurred in winding down the Chapter 11 Cases, which budget, activities, and reasonable expenses shall be in form and substance reasonably acceptable to the Debtors and the Required Lenders.

Wind-Down Budget means the budget, which shall be satisfactory in form and substance to the Debtors, the Committee, and the Supporting Noteholders, to fund the Post-Effective-Date Reorganization Trust Matters. The Wind Down Budget shall be subject to appropriate confidentiality protections.

Examples of Wind-Down Budget in a sentence

• Such annual plan and Budget shall set forth (on a quarterly basis) in reasonable detail: (A) the GUC Trust Administrator’s anticipated actions to administer the GUC Trust Assets; and (B) the anticipated fees and expenses, including professional fees, associated with the administration of the GUC Trust, a separate amount representing the anticipated fees and expenses of the GUC Trust Monitor and detail as to how the GUC Trust will budget and spend the Wind-Down Budget Cash.

• Notwithstanding anything herein to the contrary, the provisions of this Section 11.3 shall not supercede or modify the rights of the DIP Lenders to approve or review the expenditure of the Wind-Down Budget Cash or the Budget.

• The GUC Trust Administrator may incur and pay any reasonable and necessary expenses in connection with the administration of the GUC Trust, including the fees and expenses of the Trust Professionals, provided, however, that all such expenditures, solely to the extent that they are paid from the Wind-Down Budget Cash, shall be made in accordance with the Budget.

• Notwithstanding anything herein to the contrary, if the Trust Professionals will be paid from the Wind-Down Budget Cash, prior to such retention, the GUC Trust Administrator shall identify the Trust Professionals to the DIP Lenders.

• For the avoidance of doubt, the Reporting and Transfer Costs shall not be set forth in the Budget and shall not be paid for with the Wind-Down Budget Cash.

More Definitions of Wind-Down Budget

Wind-Down Budget means the line item budget filed with the Plan Supplement prepared by the Debtor, and subject to Agent approval, estimating the funds necessary to implement and administer this Plan and wind down the Debtor’s affairs, as may be supplemented, amended or otherwise updated or modified from time to time by the Debtor and/or the Plan Administrator, as applicable, and in each case as approved by the Agent.

Wind-Down Budget means the cash collateral budget in an amount equal to

Wind-Down Budget means the budget to fund the Wind Down Entities, which shall be included in the Plan Supplement, as may be updated, supplemented and amended from time to time in accordance with the terms of the Plan Supplement.

Wind-Down Budget means the budget for the reasonable activities and expenses to be incurred in winding down the Chapter 11 Cases and administering the Excluded Assets, which shall be subject to appropriate confidentiality protections.

Wind-Down Budget means a budget to be prepared by the Debtors, and reasonably acceptable to the Deerfield Requisite Supporting Noteholders, the Unaffiliated Requisite Supporting Noteholders, and the Committee, which shall be filed with the Court as part of the Plan Supplement, and which may be amended from time to time after entry of the Confirmation Order, subject to the consent of the Oversight Committee, which consent shall not be unreasonably withheld, and which shall estimate the funds necessary to administer the Plan and wind down the Debtors’ affairs, including the costs of holding and liquidating the Estates’ remaining property, objecting to Claims, making the Distributions required by the Plan,

Wind-Down Budget means that certain budget governing the fees, expenses, and disbursements of the Plan Administrator necessary to wind down and liquidate the Post-Effective Date Debtors’ Estates after the Effective Date, which budget shall be agreed to by the Debtors and the New Tranche A Lenders and filed with the Bankruptcy Court as part of the Plan Supplement.

Wind-Down Budget means a budget to be prepared by the Debtors, which shall be acceptable to the RBL Agent and the Requisite Lenders and may be modified from time to time with the consent of the RBL Agent and the Requisite Lenders, to be filed with the Plan Supplement, which budget shall estimate the funds necessary to administer the Plan (including payment in full in Cash or such other treatment as to render Unimpaired all Allowed Administrative Expense Claims (excluding DIP Claims and Fee Claims), Priority Tax Claims, Secured Claims, and Other Priority Claims), pay certain amounts under the Plan, wind down the Estates, fund the Disputed Secured and Priority Claims Reserve, and conduct the Plan Administration Process.