Administrative Claims Reserve definition

Administrative Claims Reserve means the reserve of Cash established and maintained by the Debtor and Reorganized Debtor to pay Allowed Administrative Claims, including Claims under section 503(b)(9) of the Bankruptcy Code and all Claims for rent under section 503(b) of the Bankruptcy Code and lease payments under section 365(d)(5) of the Bankruptcy Code.

Administrative Claims Reserve means the reserve of Cash funded by the Debtors and maintained by the Liquidating Trust for the benefit of Holders of Allowed Administrative Claims (exclusive of Holders of Professional Fee Claims, the reserve for which Holders shall be the Professional Fee Reserve), Allowed Priority Tax Claims and Allowed Priority Non-Tax Claims in an amount equal to the Administrative and Priority Claims Estimate.

Administrative Claims Reserve means the reserve to be established and maintained by the Liquidation Trustee pursuant to the terms hereof containing all distributions that may be made on grounds of any Disputed Administrative Claims pending entry of a Final Order allowing or disallowing such Disputed Administrative Claims.

Examples of Administrative Claims Reserve in a sentence

• The Disbursing Agent shall hold in the Administrative Claims Reserve all payments and other distributions made on account of, as well as any obligations arising from, the property held in the Administrative Claims Reserve, to the extent that such property continues to be so held at the time such distributions are made or such obligations arise.

• Allowed Administrative Claims shall be paid solely from the Administrative Claims Reserve.

• The Liquidation Trust may make Distributions from the Administrative Claims Reserve to Holders of Allowed Administrative Claims and from Available Cash to Holders of Priority Tax Claims, Priority Claims, and to the Liquidation Trust Beneficiaries at any time following the Effective Date, provided that such Distributions are otherwise permitted under, and not inconsistent with, the other terms of the Plan, the Liquidation Trust Agreement, and applicable law.

• Any excess funds in the Administrative Claims Reserve shall be released to the Liquidation Trust to be used for other purposes consistent with the Plan.

• Allowed Administrative Claims other than Professional Charges, if any, remaining unpaid as of the Effective Date will be paid from the Administrative Claims Reserve, and, to the extent there are insufficient funds in the Administrative Claims Reserve, other Assets.

More Definitions of Administrative Claims Reserve

Administrative Claims Reserve means a reserve to be funded on the Effective Date by the Debtors, the Post-Effective Date Debtors, or the Liquidating Trustee, as applicable, in the amount necessary to pay all anticipated Allowed Administrative Claims, to the extent such Claims are not Allowed and paid by the Debtors on the Effective Date, which shall be maintained by and administered by the Liquidating Trustee.

Administrative Claims Reserve means the portion of the Debtors’ Plan funding that shall be held back by the Debtors at the time the Debtors transfer their portion of the Plan

Administrative Claims Reserve means the portion of the Debtors’ Plan funding that shall be held back by the Debtors at the time the Debtors transfer their portion of the Plan funding into the Trust Account as required by Sections 19.1(a), 19.3, and 25.1(h) of the Plan. The amount of the Administrative Claims Reserve shall equal the estimated amount of all unpaid Administrative Claims that are predicted to become Allowed on and after the Effective Date, which amount shall be fixed by stipulation of the Committee and the Debtors; or, if the Committee and the Debtors cannot agree, by the Bankruptcy Court.

Administrative Claims Reserve. An account or accounts, designated as an “administrative claims reserve,” as more fully described in Section 2.2 below (the “Administrative Claims Reserve”).

Administrative Claims Reserve means the account to be established by the Reorganized Debtors with the Administrative Claims Reserve Amount to fund distributions to Holders of Allowed Administrative Claims pursuant to Article VIII.E.

Administrative Claims Reserve has the meaning specified in the DIP Orders, as applicable.

Administrative Claims Reserve means the reserve of Cash established and maintained by the Plan Administrator for purposes of paying Allowed Administrative Claims, Allowed Priority Tax Claims, Allowed Other Secured Claims and Allowed Non- Tax Priority Claims; provided, however, that the Administrative Claims Reserve may be subdivided into one or more sub-reserves for purposes of segregating those funds reserved for particular Allowed Administrative Claims, Allowed Priority Tax Claims, Allowed Other Secured Claims or Allowed Non-Tax Priority Claims.