Claim Fund definition

Claim Fund means the Settlement Amount remaining after deductions in respect of Class Counsel Fees, Class Counsel Disbursements, Holdback for Administration Expenses, Representative Plaintiff Honorarium, CPF Levy, and a reasonable amount held back to pay for taxes on interest earned by the Trust Account;

Claim Fund means the Settlement Amount remaining after deductions in respect of Class Counsel Fees, Class Counsel Disbursements, Administrative Expenses, Representative Plaintiff Honorarium (if any), and Holdback for Taxes;

Claim Fund means the fund for payment of Class Members’

Examples of Claim Fund in a sentence

• Any balance remaining in the Priority Claim Fund after payment of Allowed Priority Claims shall be added to the Fund to pay allowed Administrative Expense Claims.

• If Allowed Priority Claims do not exceed $10,000, each holder of an Allowed Priority Claim shall be paid in full out of the Priority Claim Fund, in cash upon the Effective Date, or upon entry of an Order by the Bankruptcy Court allowing such Claim, whichever shall be later, or as soon as practicable thereafter.

• Out of the Proceeds, $90,000 shall be committed to the Fund, designed for the distribution to holders of Allowed Administrative Expense Claims, and the sum of $10,000 shall be committed to the Priority Claim Fund for the distribution to holders of Allowed Priority Claims.

• For purposes of distributions from the Claim Fund, General Administrative Claims and Priority Claims shall be treated equally, regardless of their legal priorities under the Bankruptcy Code.

• To the extent that a Disputed Claim or Equity Interest ultimately becomes an Allowed Claim or Equity Interest, a distribution on account of such Allowed Claim or Equity Interest shall be made from the Disputed Claim Fund to the Holder of such Allowed Claim or Equity Interest in accordance with the provisions of the Plan.

More Definitions of Claim Fund

Claim Fund means the sum of money that Defendants shall make available for

Claim Fund means the Settlement Amount remaining after deductions in respect of Class Counsel Fees, Class Counsel Disbursements, Administrative Holdback, Representative Plaintiff Honorarium, and Holdback for Taxes;

Claim Fund means the $6.5 million to be paid by Defendant to be used

Claim Fund means the trust fund established by BP pursuant to the Trust Agreement from which Claims Payments shall be made.

Claim Fund means the money made available by Association to Servicer for use in paying Allocated Loss Adjustment Expenses, Claims, and defense costs.

Claim Fund means the total sum of money that Defendants shall make available

Claim Fund means the sum of money that Defendant shall make available for