Claims Distribution definition

Claims Distribution means the aggregate of all Plan Effective Date Cash payments or reserves on account of Administrative Expense Claims, Priority Claims, and General Unsecured Claims, excluding (i) any Administrative Expense or Super-Priority Claims of JPM for payment or reimbursement of the JPM Expenses; and (ii) the operating expenses of the Debtor incurred after the 90th day after the Petition Date.
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Claims Distribution has the meaning set forth in section 4(h) of this Agreement.
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Examples of Claims Distribution in a sentence

  • The Debtors estimate that Administrative Claims that are entitled to participate in the Administrative Claims Distribution Pool are approximately $800 million.

  • Claims who do not opt out of the Settlement Agreement can participate in the Administrative Claims Distribution Pool.

  • However, Administrative Claims are still being reviewed and reconciled and there can be no assurance that the Allowed Administrative Claims entitled to participate in the Administrative Claims Distribution Pool will be equal to or less than $800 million.

  • Prepetition general unsecured creditors who do not have Administrative Claims are not entitled to participate in the Administrative Claims Distribution Pool and will only receive a recovery if all prepetition secured claims and postpetition Administrative Claims are paid in full.

  • The Debtors and their estates are providing a release of avoidance actions (including preference claims) against all non-insider creditors (including prepetition creditors, regardless of whether they are eligible to participate in the Administrative Claims Distribution Pool, and holders of Administrative Claims who do not opt out of the Settlement Agreement).

  • Answer: If you choose to opt out of the Settlement Agreement, you will not receive any distribution from the Administrative Claims Distribution Pool and no distribution on account of your Administrative Claims can be guaranteed.

  • Answer: The Settlement Agreement contemplates an initial distribution to holders of Allowed Administrative Claims that are entitled to participate in the Administrative Claims Distribution Pool by no later than September 30, 2018.

  • The proposed Settlement Classes shall be given notice of (1) the certification or authorization of the Proceedings as a class proceeding and the date of the hearing at which the Courts will be asked to approve the Settlement Agreement and (2) Notice of Settlement Approval and Claims Distribution Procedures.

  • Impaired; entitled to vote on the Plan.Treatment: In full and final satisfaction of the NJ Carpenters Claims against the ResCap Debtors, on or as soon as practicable after the Effective Date, the lead plaintiffs, on behalf of holders of NJ Carpenters Claims in Class R-10 shall receive the NJ Carpenters Claims Distribution which will thereafter be distributed pursuant to the plan of allocation to be approved by and under the jurisdiction of the District Court.

  • Except with respect to distributions to holders of General Unsecured Claims from the General Unsecured Claims Distribution, if a Claim is an Allowed Claim as of the Effective Date, the Distribution Agent shall distribute the full amount of the distributions that the Plan provides for holders of Allowed Claims in each applicable Class by no later than the later of (i) the date provided for distribution under Article III of the Plan and (ii) as soon as reasonably practicable after allowance of such Claim.

Related to Claims Distribution

  • Excess Distribution is defined in Section 6.1(d)(iii)(A).

  • Plan Distribution means a payment or distribution to Holders of Allowed Claims, Allowed Interests, or other eligible Entities under and in accordance with the Plan.

  • Class Distribution Amount As to each Combinable Class and Distribution Date, an amount equal to the distribution of principal and/or interest on such Distribution Date in respect of the Related REMIC Class multiplied by a fraction the numerator of which is equal to the Aggregate Denomination of such Class at the close of business on the related Record Date and the denominator of which is the original principal amount of the Related REMIC Class having the same letter designation. As to each RCR Class, the sum of (i) the Class Interest Distribution Amount for such Class and (ii) the Class Principal Distribution amount for such Class.

  • Excess Distribution Unit is defined in Section 6.1(d)(iii)(A).

  • Final Distributions means, with respect to the Certificates of any Trust on any Distribution Date, the sum of (x) the aggregate amount of all accrued and unpaid interest on such Certificates (excluding interest, if any, payable with respect to the Deposits relating to such Trust) and (y) the Pool Balance of such Certificates as of the immediately preceding Distribution Date (less the amount of the Deposits for such Class of Certificates as of such preceding Distribution Date other than any portion of such Deposits thereafter used to acquire Equipment Notes pursuant to the Note Purchase Agreement). For purposes of calculating Final Distributions with respect to the Certificates of any Trust, any Premium paid on the Equipment Notes held in such Trust which has not been distributed to the Certificateholders of such Trust (other than such Premium or a portion thereof applied to the payment of interest on the Certificates of such Trust or the reduction of the Pool Balance of such Trust) shall be added to the amount of such Final Distributions.