Distribution on Account of and Satisfaction of the Cal TD Claims Sample Clauses

Distribution on Account of and Satisfaction of the Cal TD Claims. The members of Cal TD who hold Allowed Interests will share Pro Rata in the Distribution Trust with the other Trust Beneficiaries in any litigation recoveries obtained on account of the claims, actions and causes of action assigned pursuant to Sections 6.a. and 11.d. of this Settlement Agreement. Subject to the reservation of rights set forth below, to satisfy the Cal TD Claim (not to exceed $13.4 million), members of Cal TD who hold Allowed Interests shall share Pro Rata in the net proceeds of litigation recoveries deposited in the Distribution Trust on account of the claims, actions and causes of action assigned pursuant to Sections 6.a. and 11.d. of this Settlement Agreement, along with Fund Ten, Golden State and the Settlement Class and their respective members who hold Allowed Interests, which claims of the Funds and the Settlement Class are estimated to be approximately $58 million. The Funds reserve all rights to object to and otherwise challenge all or any portion of the Cal TD Claim or Cal TD Interests attributable to funds contributed to Cal TD by any insider (as that term is defined by Section 101(31) of the Bankruptcy Code) on any factual or legal basis, but in no event shall the Cal TD Claim or Cal TD member interests be reduced to less than $4.3 million and Cal TD and each of Cal TD's members reserve all of their rights to oppose any claims, actions or objections asserted by the Funds. For the avoidance of doubt, the Funds are specifically reserving any and all rights, claims and causes of action now existing or hereafter acquired, whether such rights, claims or causes of action arise under Chapter 5 of title 11 of the United States Code or otherwise, against insiders of Cal TD.
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