Unclaimed Distributions Reserve Sample Clauses

Unclaimed Distributions Reserve. An account, designated as the “unclaimed distributions reserve,” as described more fully in Section 2.13 below (the “Unclaimed Distributions Reserve”).
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Unclaimed Distributions Reserve. If any Plan Distribution is returned to the Plan Administrator as undeliverable then such Plan Distribution returned to the Plan Administrator shall be distributed or reserved as set forth in the Plan.
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Unclaimed Distributions Reserve. (a) If the Distribution to any holder of an Allowed Claim is returned to the Disbursing Agent or the Debtor as undeliverable or is otherwise unclaimed, such Distributions shall be deposited in a segregated, interest-bearing account, designated as an “Unclaimed Distributions Reserve” (the “Unclaimed Distributions Reserve”), for the benefit of all such similarly situated persons until such time as a Distribution becomes deliverable or is claimed.
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Unclaimed Distributions Reserve. (a) The Manager shall establish and thereafter administer in the manner set forth in the Plan the Unclaimed Distributions Reserve. If a distribution made pursuant to the Plan is returned as unclaimed or undeliverable, the distribution shall be held in the Unclaimed Distributions Reserve. The Manager shall make reasonable efforts to determine the then-current address of such holder, and no further distributions shall be made to such holder unless and until the Manager determines or is notified of such holder's current address, at which time all missed distributions shall be made, without interest; provided, however, that such distributions shall be deemed to be unclaimed property under section 347(b) of the Bankruptcy Code if not claimed by the first (1st) anniversary after the distribution was initially attempted, notwithstanding any federal or state escheat laws to the contrary. After such anniversary date, (i) all rights to cash, Membership Interests or other distributions shall be forfeited and such cash, Membership Interests, or other property shall be revested in the Company and the claim of such holder to such cash, Membership Interests or other distribution pursuant to the Plan shall be discharged and forever barred and (b) all rights to such distributions shall be forfeited and any Membership Interests to be so distributed shall be cancelled and shall no longer be deemed outstanding and the claim of such holder to such distributions, including but not limited to any distribution of Membership Interests, shall be discharged and forever barred.
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Related to Unclaimed Distributions Reserve

  • Distributions Redemption 16 Section 4.1 Distributions...........................................................................16 Section 4.2 Redemption..............................................................................18 Section 4.3 Subordination of Common Securities......................................................20 Section 4.4 Payment Procedures......................................................................20 Section 4.5 Tax Returns and Reports.................................................................21 Section 4.6 Payment of Taxes, Duties, Etc. of the Trust.............................................21 Section 4.7 Reduction for Payments under Junior Indenture...........................................21

  • Interest Distributions On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:

  • Distribution of Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in accordance with Section 5.2(b).

  • Distributions, Etc Upon the dissolution, winding up, liquidation or reorganization of the Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured Parties, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant, the shares or other property so distributed shall be delivered to the Secured Parties to be held as collateral security for the Secured Obligations.

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Regular Distributions Subject to the rights of the holders of Preferred Units ranking senior to or on parity with the Series H Preferred Units, the holders of Series H Preferred Units shall be entitled to receive on each Distribution Payment Date, out of assets of the Partnership legally available for the payment of the distributions, monthly cumulative cash distributions at the following rates per annum on the $1,000 liquidation preference per Series H Preferred Unit:

  • Liquidating Distributions Notwithstanding anything to the contrary in this Article VII or in Section 8.3 of the Master Agreement, upon the sale of the Property or the dissolution and liquidation of the Series in accordance with the provisions of this Agreement and of Section 8.3 of the Master Agreement, the proceeds of liquidation of the Series or the sale of the Property will be distributed within ninety (90) days of the date of sale of the Property or the dissolution and liquidation in the following order and priority:

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