Examples of Claims Reserve Account in a sentence

The treatment received by each holder of First Lien Claims shall be on account of its entire First Lien Claim, including any First Lien Deficiency Claim, and the holders of First Lien Claims shall be deemed to waive all turnover provisions under the Intercreditor Agreement solely with respect to distributions from the Unsecured Claims Reserve Amount and the Second Lien Claims Reserve Account.
With respect to the period after the Effective Date, the Plan Administrator shall be obligated to pay quarterly Statutory Fees from the Claims Reserve Account to the Office of the United States Trustee and such obligation shall continue until such time as a particular Chapter 11 Case is closed, dismissed, or converted.
After the Effective Date, the Plan Administrator shall pay any and all such fees when due and payable from the Claims Reserve Account.
For purposes of the Plan, such distribution or payment on account of such Allowed Claim shall be held in the Disputed Claims Reserve Account as if it were a Disputed Claim, unless otherwise ordered by the Bankruptcy Court.
Once there are no remaining Disputed Claims, the Monitor shall transfer any balance remaining in the Disputed Claims Reserve Account, including any interest thereon, to the Creditor Distribution Pool Account for distribution to Affected Creditors with Proven Claims pursuant to and in accordance with Section 6.8 of the Plan.

More Definitions of Claims Reserve Account

Claims Reserve Account means an interest bearing bank account or money

Claims Reserve Account means a segregated account to be established by theDebtors into which Cash in an amount approved by the Pre-Petition Revolving Credit Lender for unpaid or Disputed Administrative Claims (other than Professional Fee Claims), statutory fees in accordance with Article II.C, Other Secured Claims, Priority Tax Claims and Other Priority Claims shall be deposited on or before the Effective Date, which account shall vest in the Liquidating Trust as of the Effective Date; provided that any amounts in the Claims Reserve Account not required to pay Allowed Administrative Claims (other than Professional Fee Claims), statutory fees in accordance with Article II.C, Allowed Other Secured Claims, Allowed Priority Tax Claims or Allowed Other Priority Claims shall constitute “Available Cash”.

Claims Reserve Account means an interest bearing bank account or money market account to be established and held in trust by the Disbursing Agent on or after the Effective Date for the purpose of holding the Plan Proceeds to be distributed under the Plan and any interest, dividends or other income earned upon the investment of such Claims Reserve Account. The Claims Reserve Account will be funded by the Debtor on or immediately after the Effective Date with the Available Cash and, following the Effective Date, from time to time, by the Reorganized Debtor, with (i) any Liquidation Proceeds realized after the Effective Date; plus (ii) any Litigation Recovery realized after the Effective Date; minus (iii) any amounts necessary to pay Plan Expenses.

Claims Reserve Account means one or more interest-bearing bank account(s),

Claims Reserve Account means the segregated interest bearing account to be set aside from all the assets remaining in the Estates on the Trust Transfer Date, pursuant to section 7.3 of this Plan, and to be administered by the Liquidating Trustee after the Trust Transfer Date, which account shall contain funds sufficient to pay all unliquidated, contingent, or Disputed Claims, including the Prudential Stock or the proceeds thereof, as of the Trust Transfer Date.

Claims Reserve Account means a segregated account to be established by the Debtors into whichCash in the amount of the Claims Reserve Cash Amount shall be deposited on or before the Effective Date, except to the extent any portion of such amount is distributed on the Effective Date pursuant to the Plan Administration Process, which account shall vest in the Plan Administration Trust as of the Effective Date.

Claims Reserve Account means an interest bearing bank account or money market account to be established and held in trust for the benefit of holders of Allowed Unsecured Claims by the Disbursing Agent on or after the Effective Date for the purpose of holding the Unsecured Creditor Contribution to be distributed under the Plan to Unsecured Creditors and for Plan Expenses, and any interest, dividends or other income earned upon the investment of such Claims Reserve Account. The Claims Reserve Account will be funded in the amount of the Unsecured Creditor Contribution pursuant to the terms of this Plan.