Distribution of RCS Debtor Subsidiary Litigation Assets Sample Clauses

Distribution of RCS Debtor Subsidiary Litigation Assets. (i) As and to the extent that Distributable Creditor Trust RCS Debtor Subsidiary Litigation Assets become available for distribution before or after the Initial Distribution Date, as determined by the Creditor Trust Board, the Creditor Trust Board shall establish a Distribution Record Date and a Distribution Date for the distribution of such assets, which such Distribution Record Date shall be no earlier than the Disputed Claims Estimation Date to the holders of Class A Units of the Series whose Litigation Assets are to be distributed, and the Creditor Trust shall distribute such assets on such Distribution Date to such holders of record on such Distribution Record Date, Pro Rata on a per Series basis. (ii) In the event that the Creditor Trust has made distributions aggregating the respective Subsidiary Debtor Unit Amount in respect of the Units of any Series of Class A Units (other than the Series A-1 Units), including interest at the applicable rate, any additional Distributable Creditor Trust RCS Debtor Subsidiary Litigation Assets attributable to the Corresponding Debtor that may become available for distribution shall be distributed in accordance with the priorities set forth in Section 4.1(c)(ii) through (v). For the avoidance of doubt, such additional Distributable Creditor Trust RCS Debtor Subsidiary Litigation Assets shall be distributed Pro Rata to holders of Series A-1 Units and the holders of the Class B Units (together considered for these purposes as a single Class), without priority or preference of Series A-1 Units over Class B Units or Class B Units over Series A-1 Units, and no distributions made under this Section 4.1(d)(ii) shall count toward the $30,000,000 threshold provided in Section 4.1(c)(i). (iii) Distributions of Distributable Creditor Trust RCS Debtor Subsidiary Litigation Assets shall be made at least annually; provided, however, that annual distributions are not required to be made if the Creditor Trust Board determines that the aggregate amount of Distributable Creditor Trust RCS Debtor Subsidiary Litigation Assets for any corresponding Series at the time is such as would make the distribution impracticable, in which case such Distributable Creditor Trust RCS Debtor Subsidiary Litigation Assets of such corresponding Series will be included in Distributable Creditor Trust RCS Debtor Subsidiary Litigation Assets on the following Distribution Date.
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