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, prosecuting claims and Causes of Action that may be held by the Estates against third parties that are not released, waived or transferred pursuant to the Plan (including pursuant to Article X) or otherwise, paying Taxes, filing Tax returns, paying professionals’ fees and expenses, paying the fees and expenses of the Oversight Committee, funding payroll and other employee costs, providing for the purchase of errors and omissions insurance and/or other forms of indemnification for the Plan Administrator, and for all such items and other costs of administering the Plan, the Estates and the Liquidating Debtors (other than the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Professional Fee Reserve).
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
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.
The Plan Administrator and its designees or representatives shall have the right to object to, Allow, or otherwise resolve any Claims, subject to the terms hereof.The Plan Administrator shall be compensated from the Wind-Down Budget pursuant to the terms of the Plan Administrator Agreement.
Any professionals retained by the Plan Administrator shall be entitled to reasonable compensation for services rendered and reimbursement of reasonable fees, costs and expenses incurred from the Wind-Down Budget.
The Plan Administrator shall use commercially reasonable efforts to operate in a manner consistent with the Wind-Down Budget.
More Definitions of Wind-Down Budget
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 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 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, 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.
Wind-Down Budget means a budget to be agreed between the Debtors and the Requisite Consenting Creditors for the purpose of effectuating the Wind Down as may be modified from time to time.
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 for the reasonable activities and expenses to be incurred in winding down the Estates and completing the administration of the Chapter 11 Cases. The Wind-Down Budget shall include line item estimates for, among other things, post-Effective Date professional fees.