Special Rules for Distributions to Holders of Disputed Claims. Notwithstanding any provision to the contrary in the Plan and except as otherwise agreed to by the relevant parties, no partial payments and no partial distributions shall be made with respect to a Disputed Claim until all such disputes in connection with such Disputed Claim have been resolved by settlement or Final Order. In the event that there are Disputed Claims requiring adjudication and resolution, the relevant Disbursing Agent shall establish appropriate reserves for potential payment of such Claims.
Appears in 5 contracts
Samples: Master Transaction Agreement (Quotient LTD), Master Transaction Agreement (Bracebridge Capital, LLC), Master Transaction Agreement (Whitebox Advisors LLC)
Special Rules for Distributions to Holders of Disputed Claims. Notwithstanding any provision to the contrary otherwise in the Plan and except as otherwise agreed to by the relevant parties, no partial payments and no partial distributions shall be made with respect to a Disputed Claim until all such disputes in connection with such Disputed Claim have been resolved by settlement or Final Order. In the event that there are Disputed Claims requiring adjudication and resolution, the relevant Disbursing Agent Reorganized Debtor shall establish appropriate reserves for potential payment of such Claims, as described above.
Appears in 1 contract
Samples: Restructuring Support Agreement (Global Brokerage, Inc.)
Special Rules for Distributions to Holders of Disputed Claims. Notwithstanding any provision in the Plan to the contrary in the Plan and except as otherwise agreed to by the relevant parties, no partial payments and no partial distributions shall be made with respect to a Disputed Claim until all such disputes in connection with such Disputed Claim have been resolved by settlement or Final Order. In the event that there are Disputed Claims requiring adjudication and resolution, the relevant Disbursing Agent shall establish appropriate reserves for potential payment of such Claims.
Appears in 1 contract
Samples: Restructuring Support Agreement (Starry Group Holdings, Inc.)