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

• 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.

• Payments for Allowed Professional Charges will be paid as Final Orders are entered allowing them from the Administrative Claims Reserve, and, if necessary, other Assets.

• Once all pending applications for such Claims are approved or denied by a Final Order and the Allowed Claims are paid, the Debtors will remit the balance of this Administrative Claims Reserve, if any, to the Trust.

• Within ten (10) days after full payment of all Allowed Administrative Claims, including Professional Charges, the Debtors will transfer the balance of the Administrative Claims Reserve, if any, to the Trust Account.

• The Debtors shall establish the Administrative Claims Reserve, in the amount agreed with the Committee or otherwise ordered by the Court.

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 has the meaning specified in the DIP Orders, as applicable.

Administrative Claims Reserve means cash in an amount estimated to satisfy all

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.