Common use of No Distributions Pending Allowance Clause in Contracts

No Distributions Pending Allowance. If a Claim or any portion of a Claim is Disputed, no payment or distribution shall be made on account of the disputed portion of such Claim (or the entire Claim, if the entire Claim is disputed), unless such Disputed Claim or portion thereof becomes an Allowed Claim.

Appears in 3 contracts

Samples: Liquidation Trust Agreement (Woodbridge Liquidation Trust), Liquidation Trust Agreement, Liquidation Trust Agreement

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No Distributions Pending Allowance. If a Claim or Notwithstanding any other provision hereof, if any portion of a Claim is Disputeda Disputed Claim, no payment or distribution provided under the Plan shall be made on account of the disputed portion of such Claim (or the entire Claim, if the entire Claim is disputed), unless and until such Disputed Claim or portion thereof becomes an Allowed Claim.

Appears in 2 contracts

Samples: Note Purchase Agreement, Restructuring and Lock Up Agreement (Constar International Inc)

No Distributions Pending Allowance. If a Claim or Notwithstanding any other provision hereof, if any portion of a Claim is Disputeda Disputed Claim, no payment or distribution provided hereunder shall be made on account of the disputed portion of such Claim (or the entire Claim, if the entire that is a Disputed Claim is disputed), unless and until such Disputed Claim becomes an Allowed Claim but the payment or distribution provided hereunder shall be made on account of the portion thereof becomes of such Claim that is an Allowed Claim.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Andrews Group Inc /De/), Stock Purchase Agreement (Andrews Group Inc /De/)

No Distributions Pending Allowance. If a Claim or any portion of a Claim is Disputeddisputed, no payment or distribution Distribution shall be made on account of the disputed portion of such Claim (or the entire Claim, if the entire Claim is disputed), unless such Disputed Claim or portion thereof becomes an Allowed Claim.

Appears in 1 contract

Samples: PLC Litigation Trust Agreement

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No Distributions Pending Allowance. If a Claim or Notwithstanding any other provision hereof, if any portion of a Claim is Disputeda Disputed Claim, no payment or distribution provided hereunder shall be made on account of the disputed portion of such Claim (or the entire Claim, if the entire Claim is disputed), unless and until such Disputed Claim or portion thereof becomes an Allowed Claim.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Toy Biz Inc)

No Distributions Pending Allowance. If a Claim or any portion of a Claim is Disputed, no payment or distribution provided hereunder shall be made on account of the disputed portion of such Claim (or the entire Claim, if the entire unless and until such Claim is disputed), unless such Disputed Claim or portion thereof becomes an Allowed Claim; provided that if only a portion of a Claim is Disputed, such Claim shall be deemed Allowed in the amount not Disputed and payment or distribution shall be made on account of such undisputed amount.

Appears in 1 contract

Samples: Restructuring Support Agreement (Starry Group Holdings, Inc.)

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