Authorization for Reductions in Allowed Amount Sample Clauses

Authorization for Reductions in Allowed Amount. (i) Subject to review and order of the District Court, the Finance Committee, in consideration of the analysis and recommendation of the Independent Assessor, shall determine the need to reduce the amount payable to Claimants or to defer payments based upon the projections described at Section 7.01(d). The Allowed amount of Claims may be reduced only if: (1) the Finance Committee, subject to the approval of the District Court, concludes, based on the projections, that a reduction is necessary to pay in full all First Priority Payments or (2) the Finance Committee, subject to the approval of the District Court, concludes, based on the projections, that a reduction is necessary to assure equitable distributions to Claimants within the aggregate limits of the Settlement Fund, the Litigation Fund or Other Products Fund as applicable. To obtain authorization to reduce amounts payable, the Finance Committee shall submit to the District Court a recommendation including all projections and analyses supporting the Finance Committee’s recommendation.
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Authorization for Reductions in Allowed Amount. (i) Subject to review and order of the District Court, the Finance Committee shall determine the need to reduce the amount payable to Claimants or to defer payments based upon the projections described at Section 7.01(d). The Allowed amount of Claims may be reduced only if: (1) the Finance Committee, subject to the approval of the District Court, concludes, based on the projections, that a reduction is necessary to pay in full all First Priority Payments or (2) the Finance Committee, subject to the approval of the District Court, concludes, based on the projections, that a reduction is necessary to assure equitable distributions to Claimants within the aggregate limits of the Settlement Fund, the Litigation Fund or Other Products Fund as applicable. To obtain authorization to reduce amounts payable, the Finance Committee shall submit to the District Court a recommendation including all projections and analyses supporting the Finance Committee’s recommendation.
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Related to Authorization for Reductions in Allowed Amount

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  • Allocation of Tranche Write-up Amounts to the Reference Tranches On each Payment Date on or prior to the Termination Date, the Tranche Write-up Amount, if any, for such Payment Date will be allocated to increase the Class Notional Amount of each Class of Reference Tranche in the following order of priority until the cumulative Tranche Write-up Amounts allocated to each such Class of Reference Tranche is equal to the cumulative Tranche Write-down Amounts previously allocated to such Class of Reference Tranche on or prior to such Payment Date:

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