Common use of Entitlement to Plan Distributions Upon Allowance Clause in Contracts

Entitlement to Plan Distributions Upon Allowance. Notwithstanding any other provision of the Plan, and except as set forth at Section 4.2 of this Plan as to Administrative Claims, no Plan Distribution (including any distributions out of the Class 6A Reserve) shall be made with respect to any Claim to the extent it is a Contested Claim, unless and until such Contested Claim becomes an Allowed Claim, subject to the setoff rights as provided in Section 13.19. When a Claim that is not an Allowed Claim as of the Effective Date becomes an Allowed Claim, the holder of such Allowed Claim shall thereupon become entitled to receive the Plan Distributions in respect of such Claim, the same as though such Claim had been an Allowed Claim on the Effective Date less any applicable taxes, and without interest or other compensation for the time elapsed after the Effective Date, provided that any distributions on account of Allowed Section 510(b) Claims that become Allowed after the Effective Date shall only be made out of the Class 6A Reserve in accordance with Section 3.9.

Entitlement to Plan Distributions Upon Allowance. Notwithstanding any other provision of the Plan, and except as set forth at Section 4.2 of this Plan as to Administrative Claims, no Plan Distribution (including any distributions out of the Class 6A Reserve) shall be made with respect to any Claim to the extent it is a Contested Claim, unless and until such Contested Claim becomes an Allowed Claim, subject to the setoff rights as provided in Section 13.19. When a Claim that is not an Allowed Claim as of the Effective Date becomes an Allowed Claim, the holder of such Allowed Claim shall thereupon become entitled to receive the Plan Distributions in respect of such Claim, the same as though such Claim had been an Allowed Claim on the Effective Date less any applicable taxesDate, and without interest or other compensation for the time elapsed after the Effective Date, provided that any distributions on account of Allowed Section 510(b) Claims that become Allowed after the Effective Date shall only be made out of the Class 6A Reserve in accordance with Section 3.9.