Available Trust Cash definition

Available Trust Cash means the aggregate of the Cash, Assets and Causes of Action and proceeds thereof after paying, funding, reserving against, or satisfying:

Available Trust Cash means the aggregate of the Assets after paying, funding, reserving against, or satisfying: (1) fees incurred due to the U.S. Trustee pursuant to 28 U.S.C. § 1930; (2) incurred operating and administrative expenses of the Trust, including but not limited to all costs, expenses, and obligations incurred by the Trustee (or professionals who may be employed by the Trustee in administering the Trust) in carrying out their responsibilities under the Agreement, or in any manner connected, incidental, or related thereto; and (3) the Professional Fee Reserve, the Administrative Claims Reserve, and the GUC Recovery Reserve.

Available Trust Cash means proceeds of the Liquidating Trust’s assets that are available for distribution to holders of Beneficial Interests in the Liquidating Trust in accordance with the Plan and the Liquidating Trust Agreement.

Examples of Available Trust Cash in a sentence

• Bus passes would be a lower cost option for NEMT consumers when the public transit network is available.

• If any distribution of Available Trust Cash to or on behalf of a Beneficiary is returned to the Trustee or his or her agent as undeliverable, no further distribution to such Beneficiary shall be made unless and until the Trustee is notified in writing of such Beneficiary’s then-current address.

• On any subsequent Distribution Date, each Holder of a Liquidating Trust Interest shall receive a Pro Rata Share of Available Trust Cash.

• If any distribution of Available Trust Cash to or on behalf of a Beneficiary is returned to the Trustee or its agent as undeliverable, no further distribution to such Beneficiary shall be made unless and until the Trustee is notified in writing of such Beneficiary’s then-current address.

• No later than forty-five (45) days after the last day of each calendar quarter in which the Liquidating Trust shall remain in existence, the Liquidating Trustee shall File a report of all Liquidating Trust Assets held and received by the Liquidating Trust, all Available Trust Cash (as defined in the Liquidating Trust Agreement) disbursed to Beneficiaries, and all fees, income, and expenses related to the Liquidating Trust during the preceding calendar quarter.

More Definitions of Available Trust Cash

Available Trust Cash means the aggregate of the Cash, Assets and

Available Trust Cash means the aggregate of the Assets and Causes of Action and proceeds thereof after paying, reserving against, or satisfying: (1) fees incurred due to the

Available Trust Cash means the aggregate of Liquidating Trust Assets and proceeds thereof, after paying, funding, reserving against, or satisfying: (a) fees due to the U.S. Trustee pursuant to 28 U.S.C. § 1930(a)(6) that are incurred after the Effective Date of the Plans; (b) any reserves established by the Liquidating Trustee in accordance with this Agreement and the Plans; and (c) any other securities or deposit account of the Liquidating Trust established in accordance with the Plans or this Agreement.

Available Trust Cash means the net Cash in the Liquidating Trust available for Distribution following payment of (i) all U.S. Trustee Fee Claims, (ii) Allowed Administrative Claims, (iii) Allowed Priority Claims, (iv) Allowed Secured Claims (if applicable), (v) the Disputed Claims Reserve, (vi) reserves established in accordance with Sections 1.40 and 6.04 of the Plan, and (vii) costs of administration of the Liquidating Trust.

Available Trust Cash means the aggregate of the Orchids Investment Settlement Payment, Liquidating Trust Funding, Cash, Estate Claims, all other Assets and the proceeds thereof after paying, funding, reserving against, or satisfying: (a) fees due to the U.S. Trustee pursuant to 28 U.S.C. § 1930(a)(6) that are incurred after the Effective Date of the Plan; (b) operating and administrative expenses of the Trust, including but not limited to all costs, expenses, and obligations incurred by the Trustee and any professionals who may be employed by the Trustee in administering the Trust, the Plan and in carrying out the Trustee’s responsibilities under this Agreement, other than Contingency Counsel, or in any manner connected, incidental, or related thereto and payment of such expenses; (c) distribution of the Orchids Investment Settlement Payment pursuant to the Priority Scheme, and (d) the Disputed Claims Reserve.

Available Trust Cash means the aggregate of the Assets and Causes of Action and proceeds thereof after paying, reserving against, or satisfying: (1) fees incurred due to the U.S. Trustee pursuant to 28 U.S.C. § 1930(a)(6); (2) incurred operating and administrative expenses of the Trust, including but not limited to all costs, expenses, and obligations incurred by the Trustee (or professionals who may be employed by the Trustee in administering the Trust) in carrying out their other responsibilities under this Agreement, or in any manner connected, incidental, or related thereto and payment of such fees; and (3) the Disputed Claims Reserve.

Available Trust Cash means the aggregate of the amounts remaining in the GUC Fund, Cash on the Effective Date, proceeds of the Causes of Action, including the Estate Causes of Action, plus all other Assets and the proceeds thereof after paying, funding, reserving against, or satisfying: (a) fees due to the U.S. Trustee pursuant to 28 U.S.C. § 1930(a)(6) that are incurred after the Effective Date of the Plan; and (b) operating and administrative expenses of the Trust, including but not limited to all reasonable costs, expenses, and obligations incurred by the Trustee and any professionals who may be employed by the Trustee in administering the Trust pursuant to the Plan and in carrying out the Trustee’s responsibilities under this Agreement, other than the fees and expenses of Contingency Counsel. Available Trust Cash shall exclude any funds deposited or to be deposited in the Professional Fee Escrow pursuant to the terms of the Plan.