Common use of Timing and Calculation of Amounts to Be Distributed Clause in Contracts

Timing and Calculation of Amounts to Be Distributed. Unless otherwise provided in the Plan, on the Effective Date, or as soon as reasonably practicable thereafter (or if a Claim or Interest is not an Allowed Claim or Interest on the Effective Date, on the date that such Claim becomes an Allowed Claim or Interest), each Holder of an Allowed Claim and Interest shall receive the full amount of the distributions that the Plan provides for Allowed Claims and Interests in each applicable Class and in the manner provided in the Plan. If any payment or act under the Plan is required to be made or performed on a date that is not a Business Day, then the making of such payment or the performance of such act may be completed on the next succeeding Business Day, but shall be deemed to have been completed as of the required date. If and to the extent that there are Disputed Claims or Interests, distributions on account of any such Disputed Claims or Interests shall be made pursuant to the provisions set forth in Article VII Except as otherwise provided in the Plan, Holders of Claims and Interests shall not be entitled to interest, dividends, or accruals on the distributions provided for in the Plan, regardless of whether such distributions are delivered on or at any time after the Effective Date. The Debtors shall have no obligation to recognize any transfer of Claims or Interests occurring on or after the Distribution Record Date.

Appears in 1 contract

Samples: Restructuring Support Agreement (Quorum Health Corp)

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Timing and Calculation of Amounts to Be Distributed. Unless otherwise provided in the Plan, on the Effective DateInitial Distribution Date (or, or as soon as reasonably practicable thereafter (or if a Claim or Interest is not an Allowed Claim or Interest on the Effective Initial Distribution Date, on the next Quarterly Distribution Date following the date that such Claim becomes an Allowed Claim or Interestas soon as reasonably practicable thereafter), the Distribution Agent shall make initial distributions under the Plan on account of each Holder of an Allowed Claim and Interest shall receive in the full amount of the distributions that the Plan provides for Allowed Claims and Interests in each applicable Class and in Class. In the manner provided in the Plan. If event that any payment or act under the Plan is required to be made or performed on a date that is not a Business Day, then the making of such payment or the performance of such act may be completed on the next succeeding Business Day, but shall be deemed to have been completed as of the required date. If and to the extent that there are Disputed Claims or InterestsClaims, distributions on account of any such Disputed Claims or Interests shall be made pursuant to the provisions set forth in Article VII VII. Except as otherwise specifically provided in the Plan, Holders of Claims and Interests shall not be entitled to interest, dividends, or accruals on the distributions provided for in the Plan, regardless of whether such distributions are delivered on or at any time after the Effective Date. The Debtors shall have no obligation to recognize any transfer of Claims or Interests occurring on or after the Distribution Record Date.

Appears in 1 contract

Samples: Plan Support Agreement (Hertz Corp)

Timing and Calculation of Amounts to Be Distributed. Unless otherwise provided in the Plan, on the Effective Date, or as soon as reasonably practicable thereafter Date (or if a Claim or Interest is not an Allowed Claim or Interest on the Effective Date, on the date that such Claim becomes an Allowed Claim or Interest), Interest or as soon as reasonably practicable thereafter) each Holder of an Allowed Claim and Interest shall receive the full amount of the distributions that the Plan provides for Allowed Claims and Interests in each applicable Class and in the manner provided in the Plan. If any payment or act under the Plan is required to be made or performed on a date that is not a Business Day, then the making of such payment or the performance of such act may be completed on the next succeeding Business Day, but shall be deemed to have been completed as of the required date. If and to the extent that there are Disputed Claims or Interests, distributions on account of any such Disputed Claims or Interests shall be made pursuant to the provisions set forth in Article VII VII. Except as otherwise provided in the Plan, Holders of Claims and Interests shall not be entitled to interest, dividends, or accruals on the distributions provided for in the Plan, regardless of whether such distributions are delivered on or at any time after the Effective Date. The Debtors shall have no obligation to recognize any transfer of Claims or Interests occurring on or after the Distribution Record Date.

Appears in 1 contract

Samples: Restructuring Support Agreement (Chaparral Energy, Inc.)

Timing and Calculation of Amounts to Be Distributed. Unless otherwise provided in this Plan or the PlanConfirmation Order, on the Effective Date, Date or as soon as reasonably practicable thereafter (or or, if a Claim or Interest is not an Allowed Claim or Allowed Interest on the Effective Date, on the date that such Claim or Interest becomes an Allowed Claim or Interestas soon as reasonably practicable thereafter), each Holder of an Allowed Claim and or Allowed Interest (or such Holder’s Affiliate) shall receive the full amount of the distributions that the this Plan provides for Allowed Claims and Allowed Interests in each applicable Class and in the manner provided in the this Plan. If In the event that any payment or act under the this Plan is required to be made or performed on a date that is not a Business Day, then the making of such payment or the performance of such act may be completed on the next succeeding Business Day, but shall be deemed to have been completed as of the required date. If and to the extent that there are Disputed Claims or Interests, distributions on account of any such Disputed Claims or Interests shall be made pursuant to the provisions set forth in Article VII Except as otherwise provided in the this Plan, Holders of Claims and or Interests shall not be entitled to interest, dividends, or accruals on the distributions provided for in the this Plan, regardless of whether such distributions are delivered on or at any time after the Effective Date. The Debtors shall have no obligation to recognize any transfer of Claims or Interests occurring on or after the Distribution Record Date.

Appears in 1 contract

Samples: Plan Support Agreement (Diamond Offshore Drilling, Inc.)

Timing and Calculation of Amounts to Be Distributed. Unless otherwise provided in the Plan, on the Effective Date, or as soon as reasonably practicable thereafter Date (or if a Claim or Interest is not an Allowed Claim or Interest on the Effective Date, on the date that such Claim becomes an Allowed Claim or InterestClaim), or, in each case, as soon as reasonably practicable thereafter, each Holder of an Allowed Claim and Interest shall receive the full amount of the distributions that the Plan provides for Allowed Claims and Interests in each applicable Class and in the manner provided in the Planherein. If any payment or act under the Plan is required to be made or performed on a date that is not a Business Day, then the making of such payment or the performance of such act may be completed on the next succeeding Business Day, but shall be deemed to have been completed as of the required date. If and to the extent that there are Disputed Claims or InterestsClaims, distributions on account of any such Disputed Claims or Interests shall be made pursuant to the provisions set forth in Article VII VII. Except as otherwise provided in the Plan, Holders of Claims and Interests shall not be entitled to interest, dividends, or accruals on the distributions provided for in the Plan, regardless of whether such distributions are delivered on or at any time after the Effective Date. The Debtors shall have no obligation to recognize any transfer of Claims or Interests occurring on or after the Distribution Record Date; provided, however, that distributions on account of the Senior Notes Claims shall be made in accordance with Article VI.D below.

Appears in 1 contract

Samples: Recapitalization Agreement (Ventura Capital Privado, S.A. De C.V.)

Timing and Calculation of Amounts to Be Distributed. Unless otherwise provided in the this Plan, on the Effective Date, or as soon as reasonably practicable thereafter Date (or if a Claim or Interest is not an Allowed Claim or Interest on the Effective Date, on the date that such Claim becomes an Allowed Claim Claim, or Interestas soon as reasonably practicable thereafter), each Holder of an Allowed Claim and Interest shall receive the full amount of the distributions that the this Plan provides for Allowed Claims and Interests in each applicable Class and in the manner provided applicable Class; provided, that any Allowed Administrative Claims with respect to liabilities incurred by the Debtors in the Planordinary course of business during the Chapter 11 Cases or assumed by the Debtors before the Effective Date shall be paid or performed in the ordinary course of business. If In the event that any payment or act under the this Plan is required to be made or performed on a date that is not a Business Day, then the making of such payment or the performance of such act may be completed on the next succeeding Business Day, but shall be deemed to have been completed as of the required date. If and to the extent that there are Disputed Claims or InterestsClaims, distributions on account of any such Disputed Claims or Interests shall be made pursuant to the provisions set forth in Article VII hereof. Except as otherwise provided in the Planherein, Holders of Claims and Interests shall not be entitled to postpetition interest, dividends, or accruals on the distributions provided for in the Planherein, regardless of whether such distributions are delivered on or at any time after the Effective Date. The Debtors shall have no obligation to recognize any transfer of Claims or Interests occurring on or after the Distribution Record Date.

Appears in 1 contract

Samples: Transaction Support Agreement (JOANN Inc.)

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Timing and Calculation of Amounts to Be Distributed. Unless otherwise provided in the Plan, on the Effective Date, Date or as soon as reasonably practicable thereafter (or or, if a Claim or Interest is not an Allowed Claim or Interest on the Effective Date, on the date that such Claim becomes an Allowed Claim or Interestas soon as reasonably practicable thereafter), each Holder of an Allowed Claim and Interest (or such Holder’s affiliate), including any portion of a Claim that is an Allowed Claim notwithstanding that other portions of such Claim are a Disputed Claim, shall receive the full amount of the distributions that the Plan provides for Allowed Claims and Interests in each applicable Class and in Class. In the manner provided in the Plan. If event that any payment or act under the Plan is required to be made or performed on a date that is not a Business Day, then the making of such payment or the performance of such act may be completed on the next succeeding Business Day, but shall be deemed to have been completed as of the required date. If and to the extent that there are Disputed Claims or InterestsClaims, distributions on account of any such Disputed Claims or Interests shall be made pursuant to the provisions set forth in Article VII of the Plan. Except as otherwise provided in the Plan, Holders of Claims and Interests shall not be entitled to interest, dividends, or accruals on the distributions provided for in the Plan, regardless of whether such distributions are delivered on or at any time after the Effective Date. The Debtors shall have no obligation to recognize any transfer of Claims or Interests occurring on or after the Distribution Record Date.

Appears in 1 contract

Samples: Restructuring Support Agreement (Petroquest Energy Inc)

Timing and Calculation of Amounts to Be Distributed. Unless otherwise provided in the this Plan, on the Effective Date, or as soon as reasonably practicable thereafter Date (or if a Claim or Interest is not an Allowed Claim or Allowed Interest on the Effective Date, on the date that such Claim or Interest becomes an Allowed Claim or Allowed Interest, or as soon as reasonably practicable thereafter), each Holder of an Allowed Claim and or Allowed Interest (as applicable) shall receive the full amount of the distributions that the this Plan provides for Allowed Claims and or Allowed Interests in each applicable Class and (as applicable) in the manner applicable Class; provided that any Allowed Administrative Claims with respect to liabilities incurred by the Debtors in the Planordinary course of business during these Chapter 11 Cases or assumed by the Debtors prior to the Effective Date shall be paid or performed in the ordinary course of business. If In the event that any payment or act under the this Plan is required to be made or performed on a date that is not a Business Day, then the making of such payment or the performance of such act may be completed on the next succeeding Business Day, but shall be deemed to have been completed as of the required date. If and to the extent that there are Disputed Claims or Disputed Interests, distributions on account of any such Disputed Claims or Disputed Interests shall be made pursuant to the provisions set forth in Article VII Except as otherwise provided in the Plan, Holders of Claims and Interests shall not be entitled to interest, dividends, or accruals on the distributions provided for in the Plan, regardless of whether such distributions are delivered on or at any time after the Effective Date. The Debtors shall have no obligation to recognize any transfer of Claims or Interests occurring on or after the Distribution Record DateVII.

Appears in 1 contract

Samples: Restructuring Support Agreement (2U, Inc.)

Timing and Calculation of Amounts to Be Distributed. Unless otherwise provided in the Plan, on the Effective Date, or as soon as reasonably practicable thereafter Date (or if a Claim or Interest is not an Allowed Claim or Allowed Interest on the Effective Date, on the date that such Claim or Interest becomes an Allowed Claim or Allowed Interest, or as soon as reasonably practicable thereafter), each Holder of an Allowed Claim and Interest or Allowed Interests shall receive the full amount of the distributions that the Plan provides for Allowed Claims and or Allowed Interests in each the applicable Class and in Class. In the manner provided in the Plan. If event that any payment or act under the Plan is required to be made or performed on a date that is not a Business Day, then the making of such payment or the performance of such act may be completed on the next succeeding Business Day, but shall be deemed to have been completed as of the required date. If and to the extent that there are Disputed Claims or Disputed Interests, distributions on account of any such Disputed Claims or Disputed Interests shall be made pursuant to the provisions set forth in Article VII hereof. Except as otherwise provided in the Plan, Holders of Claims and or Interests shall not be entitled to interest, dividends, or accruals on the distributions provided for in the Plan, regardless of whether such distributions are delivered on or at any time after the Effective Date. The Debtors shall have no obligation to recognize any transfer of Claims or Interests occurring on or after the Distribution Record Date.

Appears in 1 contract

Samples: Restructuring and Support Agreement (NBC Acquisition Corp)

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