Delivery of Distributions. (a) The Disbursing Agent will make the applicable distribution under this Plan and, subject to Bankruptcy Rule 9010, will make all distributions to any holder of an Allowed Claim as and when required by this Plan at: (i) the address of such holder on the books and records of the Debtors or their agents; or (ii) at the address in any written notice of address change delivered to the Debtors or the Disbursing Agent, including any addresses included on any transfers of Claim filed pursuant to Bankruptcy Rule 3001. In the event that any distribution to any holder is returned as undeliverable, no distribution or payment to such holder shall be made unless and until the Disbursing Agent has been notified of the then current address of such holder, at which time or as soon thereafter as reasonably practicable, such distribution shall be made to such holder without interest. Neither the Unsecured Notes Indenture Trustee nor the Secured Notes Indenture Trustee shall incur any liability on account of the making of any distribution under the Plan except for gross negligence or willful misconduct.
(b) Except as otherwise provided in the Plan, all distributions to Holders of Secured Notes Claims shall be made by the Reorganized Debtors (other than New Permian Corp. and New Permian LLC) to the Holders of Secured Notes Claims of record as of the Distribution Record Date.
(c) The Disbursing Agent, with the Unsecured Notes Indenture Trustee’s cooperation, shall make the distributions, if any, on account of the Class 5 Claims, provided that the Unsecured Notes Indenture Trustee’s Charging Lien shall not attach to any property to be distributed by the Unsecured Notes Indenture Trustee or in respect of the Unsecured Notes Claims, except as expressly provided in Section 4.5(d) of the Plan. The Unsecured Notes Indenture Trustee shall have no duties or responsibility relating to any form of distribution that is not DTC eligible and the Disbursing Agent, the Debtors or the Reorganized Debtors, as applicable, shall seek the cooperation of DTC so that any distribution on account of an Allowed Unsecured Notes Claim that is held in the name of, or by a nominee of, DTC, shall be made through the facilities of DTC on the Effective Date or as soon as practicable thereafter. The Reorganized Debtors (other than New Permian Corp. and New Permian LLC) shall reimburse the Unsecured Notes Indenture Trustee for any reasonable and documented fees and expenses (including the reasonable and docum...
Delivery of Distributions. The Trustee shall make distributions to Beneficiaries in the manner provided in the Plan.
Delivery of Distributions. 20 7.5. Manner of Payment Under Plan of Reorganization . . . . . . . . . . . . . . 20 7.6.
Delivery of Distributions. The Distribution Agent shall make all distributions required under the Plan, except that distributions to holders of Allowed Claims or Interests governed by a separate agreement and administered by a Servicer, including an Indenture Trustee, shall be deposited with the appropriate Servicer, including an Indenture Trustee, at which time such distributions shall be deemed complete, and the Servicer, including an Indenture Trustee, shall deliver such distributions in accordance with the Plan and the terms of the governing agreement; provided, however that a Servicer shall not be responsible for determining or verifying the amount or accuracy of the distributions deposited with a Servicer. Notwithstanding any provision of the Plan to the contrary, distributions to holders of Unsecured Note Claims shall be made to or at the direction of each of the applicable Indenture Trustees for distribution under the applicable indentures and bond agreements. The Indenture Trustees may transfer or direct the transfer of such distributions directly through the facilities of the applicable securities depository and clearing house, and will be entitled to recognize and deal with, for all purposed under the Plan, holders of Unsecured Note Claims as is consistent with the ordinary practices of the applicable depositories. Such distributions shall be subject to the right of each of the Indenture Trustees under the applicable indenture or bond agreements, including their rights to assert and exercise charging liens against such distributions. Notwithstanding any provision of the Plan to the contrary, (a) all distributions on account of Credit Agreement Claims shall be made by the entry into effect of the Amended Credit Agreements in accordance with the applicable amendment and restatement agreements and Article IV.H of the Plan, and (b) all distributions on account of Guarantee Facility Claims shall be made by the entry into effect of the Amended Guarantee Facility in accordance with its terms (or the terms of any applicable amendment and restatement agreement) and Article IV.I of the Plan. Except as otherwise provided herein (including, for the avoidance of doubt, as set forth in the foregoing paragraph with respect to distributions to holders of Unsecured Note Claims. holders of Credit Agreement Claims, and holders of Guarantee Facility Claims), and notwithstanding any authority to the contrary, distributions to holders of Allowed Claims, including Claims that become Allowed aft...
Delivery of Distributions. Effective January 1, 2003, Section 3.4 of the Agreement is amended to read in full as follows:
Delivery of Distributions a. Quarterly Distribution Date On each Quarterly Distribution Date or as soon thereafter as is reasonably practicable, but in any event, no later than thirty (30) days after each Quarterly Distribution Date, the Distribution Agent shall make the distributions required to be made on account of Allowed Claims under the Plan on such date. No interest shall accrue or be paid on the unpaid amount of any distribution paid on a Quarterly Distribution Date in accordance with Article VI.A.
Delivery of Distributions. (a) All distributions under this Trust Agreement shall be made in accordance with either (i) the electronic transfer information provided to the Trustee by the Beneficiaries or
Delivery of Distributions. Subject to Bankruptcy Rule 9010, all distributions to any holder of an Allowed Claim shall be made at the address of such holder as scheduled on the Schedules filed with the Bankruptcy Court unless the Debtors or Reorganized Debtors, as applicable, have been notified in writing of a change of address, including, without limitation, by the filing of a proof of claim or interest by such holder that relates an address for such holder different from the address reflected on such Schedules for such holder. In the event that any distribution to any holder is returned as undeliverable, the Disbursing Agent shall use reasonable efforts to determine the current address of such holder, but no distribution to such holder shall be made unless and until the Disbursing Agent has determined the then current address of such holder, at which time such distribution shall be made to such holder without interest; provided that such distributions shall be deemed unclaimed property under section 347(b) of the Bankruptcy Code at the expiration of one year from the Consummation Date. After such date, all unclaimed property or interest in property shall revert to the applicable Reorganized Debtor, and the claim of any other holder to such property or interest in property shall be discharged and forever barred. The distributions to be made on the Consummation Date to each holder of an Allowed Senior Secured Claim shall be made to The Chase Manhattan Bank, as agent under the Existing Credit Agreements, for distribution to holders of Allowed Senior Secured Claims in accordance with the provisions of the Existing Credit Agreements as amended by the Existing Credit Agreements Amendments.
Delivery of Distributions. All property under the Plan to be distributed by mail shall be sent to the latest mailing address filed with the Bankruptcy Court for the party entitled thereto, or, if no such mailing address has been so filed, the mailing address reflected in the Debtor’s books and records or the mailing address of the corresponding nominee or participant of the DTC for such party.
Delivery of Distributions. Subject to the terms of this Agreement, the Trustee shall cause the Trust to make Distributions to Beneficiaries in the manner provided in the Plan.
