Confirmation Amount definition

Confirmation Amount means all Cash, which shall be funded from the Effective Date Cash, that is necessary to pay or reserve for Allowed Administrative Expense Claims, Allowed Priority Tax Claims, Allowed Non-Tax Priority Claims, Professional Fee Claims, Allowed Other Secured Claims, the GUC Budget Excess, and the Initial Liquidation Trust Funding, but shall not include any such amounts previously paid pursuant to the Approved Budget.

Confirmation Amount shall have the meaning set forth in Section 3.11.

Confirmation Amount means the amount that would be necessary to reduce the LTV Ratio (determined based on the Reference Price as in effect on the date of the relevant Collateral Shortfall) to the LTV Maintenance Level.

Examples of Confirmation Amount in a sentence

• On the Effective Date, or as soon thereafter as is practicable, the Liquidation Trustee shall establish the Confirmation Fund, which shall be funded from the Effective Date Cash in an amount equal to the Confirmation Amount.

• Until such time as a CCC Guarantee is issued, or Borrower makes the required Borrower Indemnification Payment with respect to a specific LC Confirmation, the Confirmation Amount of such LC Confirmation shall be included in CoBank’s Individual Outstanding 5-Year Obligations.

• Each holder of an Allowed Prepetition BP Secured Claim shall receive on the Effective Date, or as soon as reasonably practicable thereafter, all of the following, but not including cash in an amount necessary to pay or reserve for the Confirmation Amount: the return of proceeds from the sale of the Prepetition Collateral and any Prepetition Collateral, including, among other things, the Posted Collateral, subject to Other Secured Claims.

• The Equity Cash Confirmation Amount shall be such amount as, when taken together with the Debt Cash Confirmation Amount, shall enable the Company to satisfy the cash consideration payable pursuant to the Firm Offer in full, including, in the case of an Offer, any amounts which may become payable by virtue of acquisitions of Target Shares in accordance with the provisions of Chapter 3 of Part 28 of the Companies Act 2006.

• The Equity Commitment Letter shall confirm the amount of committed equity financing (such amount, as may be increased pursuant to Article XIV, the "Equity Cash Confirmation Amount") which will be available to the Company on the Closing Date on a Certain Funds Basis pursuant to Section 11.2(b).

• Any such issuance shall be underwritten on a firm commitment basis by a Qualified Underwriter on such terms so that the Financial Advisor can provide the Cash Confirmation Statement with respect to the Debt Cash Confirmation Amount in accordance with Section 12.1(f) below.

• The Debt Commitment Letter shall confirm the level of committed debt financing available to the Company on a Certain Funds Basis pursuant to the Debt Financing documentation (the "Debt Cash Confirmation Amount").

• Any such Debt Offering shall be underwritten on a firm commitment basis by a Qualified Underwriter on such terms so that the Financial Advisor can provide the Cash Confirmation Statement with respect to the Debt Cash Confirmation Amount in accordance with Section 12.1(f) below.

• The amount of the Draft does not exceed the lesser of the (A) Confirmation Amount and (B) maximum amount that the Issuer could have been obligated to pay under the Letter of Credit at the time of presentment of the draft to the Issuer assuming the draft under the Letter of Credit was dishonored and the Letter of Credit had not been repudiated.

• The Confirmation Amount shall be reduced and reinstated to the extent specified in the Confirmation.

More Definitions of Confirmation Amount

Confirmation Amount means Fifty Five Million Ninety-Seven Thousand Six Hundred Seventy-One Dollars and Twenty Four Cents ($55,097,671.24), as reduced from time to time as provided in the Confirmation.

Confirmation Amount has the meaning set forth in the definition of “Confirmation”.

Confirmation Amount means all Cash, which shall be funded from the Effective Date Cash, that is necessary to pay or reserve for Allowed Administrative Expense Claims, Allowed Priority Tax Claims, Allowed Non-Tax Priority Claims, Professional Fee