Examples of GUC Oversight Administrator in a sentence
The GUC Oversight Administrator may employ, without further order of the Bankruptcy Court, professionals to assist in carrying out the duties as limited above, including any professionals retained in these Chapter 11 Cases, and the GUC Oversight Administrator Costs, including reasonable professional fees, shall be reimbursed by the Reorganized Debtors.
The Reorganized Debtors shall, in consultation with the GUC Oversight Administrator, be authorized to cause partial distributions to be made on account of Allowed Unsecured Claims before all Unsecured Claims are Allowed.
Each class will participate in at least two field trips each year.
The GUC Oversight Administrator shall also file with the Bankruptcy Court on a quarterly basis a report on the status of the GUC Claims Process, including the amount and number of resolved and unresolved claims and the status of the GUC Oversight Administrator Reserve and GUC Oversight Administrator Costs.
If the Reorganized Debtors do intend to proceed with the Disputed Settlement, the GUC Oversight Administrator shall have five (5) Business Days from the date of the Objection Response to File an objection with the Bankruptcy Court.
The GUC Oversight Administrator shall have a period of five (5) Business Days after receipt of such notice to review the proposed settlement or compromise and notify the Reorganized Debtors of objections, if any, to the proposed settlement or compromise of such Oversight Claims.
In no event shall the aggregate amounts placed into the GUC Oversight Administrator Reserve exceed $1,000,000 without approval of the Bankruptcy Court, on notice to all creditors.
Shelton filed a motion to vacate the award which the trial court denied.
The Reorganized Debtors shall notify and consult with the GUC Oversight Administrator prior to entering into any settlement or compromise of any Disputed General Unsecured Claim with respect to which the Allowed amount of such Disputed General Unsecured Claim will be equal to or greater than $1,500,000 (collectively, the “Oversight Claims”).
In the event the GUC Oversight Administrator fails to timely File an objection with the Bankruptcy Court within such proscribed five (5) Business Day period, the Reorganized Debtors shall be authorized to enter into the settlement or compromise without further order of the Bankruptcy Court.