Confirmation Fund definition

Confirmation Fund means the segregated account established under Section
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Confirmation Fund means a segregated bank account into which shall be deposited Cash which is required to be distributed to holders of Administrative Expense Claims and all holders of Allowed Claims which are entitled to receive Cash distributions on the Effective Date.
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Confirmation Fund means the segregated account established under Section5.5(a).
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Examples of Confirmation Fund 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.

  • The Confirmation Fund shall be used to pay all Allowed Administrative Expense Claims, Allowed Other Secured Claims, Allowed Priority Tax Claims, and Allowed Non-Tax Priority Claims.

  • Said payments shall commence within the earlier of sixty (60) days of the Effective Date, or when the Debtor obtains the Confirmation Fund.

  • After the Effective Date, and subject to the establishment and funding of the Liquidation Trust, the Confirmation Fund, Liquidation Trust Expense Fund, and Disputed Confirmation Reserve under Section 5.5 and as set forth in greater detail in ARTICLE 4, Distributions shall be made by the Liquidation Trustee in accordance with ARTICLE 2, ARTICLE 4, and ARTICLE 9.

  • To the extent that the Liquidating Debtor indemnifies and holds harmless a Plan Administrator Indemnified Party as provided above, the legal fees and related costs incurred by counsel to or other professionals for such Plan Administrator Indemnified Party shall be paid by the Plan Administrator from the Post Confirmation Fund as and when incurred.

  • The Plan Administrator may be paid the compensation set forth in this Paragraph 10.7 from Cash or any asset of the Estate, the Debtor or the Liquidating Debtor, from the Plan Administrator Reserve, from the Post Confirmation Fund, or in the manner that the Plan Administrator, in his sole discretion, deems reasonably appropriate.

  • The Plan Administrator shall be reimbursed for Plan Administrator Expenses not paid from the Post Confirmation Fund in the ordinary course of business.

  • According to forecasts, by 2015 Russian manufacturers will hold at least 65% of the local food ingredients market.

  • From and after the Effective Date, the Plan Administrator shall be authorized to withhold such additional amounts from the Post Confirmation Fund which it may reasonably require to augment and/or replenish any of the Reserves.

  • View will not provide fringe benefits, including health insurance benefits, paid vacation, or any other employee benefit, for the benefit of Xxxxxxxx.

Related to Confirmation Fund

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.