Convenience Class Recovery Pool definition

Convenience Class Recovery Pool means Cash in an amount not to exceed$250,000; provided, however, that any remaining Cash in the Convenience Class Recovery Pool after distributions to holders of Allowed Class 5 Claims shall be transferred to the Unsecured Creditor Recovery Pool.
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Convenience Class Recovery Pool means Cash in an amount not to exceed
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Examples of Convenience Class Recovery Pool in a sentence

  • On the Effective Date, except to the extent that a holder of an Allowed Unsecured Convenience Class Claim agrees to less favorable treatment, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each Unsecured Convenience Class Claim, each holder of an Allowed Class 5 Claim shall receive its Pro Rata share of the Convenience Class Recovery Pool.

  • Additionally, each holder of an (x) Allowed Unsecured Convenience Class Claim will receive its Pro Rata share of the Convenience Class Recovery Pool and (y) Allowed General Unsecured Claim will receive its Pro Rata share of the GUC Recovery, each in accordance with Article VI.F of the Plan.

  • Any funds remaining in the Convenience Class Recovery Pool after payment of all Allowed Class 5 Claims shall revert to the Reorganized Debtors.

  • Any funds remaining in the Convenience Class Recovery Pool after payment of all Allowed Class 5 Claims shall be transferred to the GUC Recovery Pool.

  • Each holder of an Allowed Unsecured Convenience Class Claim shall receive its Pro Rata share of the Convenience Class Recovery Pool.

  • Pursuant to the Plan, each U.S. Holder of an Allowed Unsecured Convenience Class Claim will receive its Pro Rata share of Cash from the Convenience Class Recovery Pool in full and final satisfaction of such Claim.

  • As set forth above, Holders of Allowed Unsecured Convenience Class Claims will each receive their Pro Rata Share of the Convenience Class Recovery Pool (i.e., Cash in an amount not to exceed $250,000).

  • U.S. Federal Income Tax Consequences to U.S. Holders of Allowed Class 5 Claims Pursuant to the Plan, each U.S. Holder of an Allowed Unsecured Convenience Class Claim will receive its Pro Rata share of Cash from the Convenience Class Recovery Pool in full and final satisfaction of such Claim.

  • As set forthabove, Holders of Allowed Unsecured Convenience Class Claims will each receive their Pro Rata Share of the Convenience Class Recovery Pool (i.e., Cash in an amount not to exceed $250,000).

  • The Plan provides a very meaningful recovery to general unsecured creditors in the form of the Unsecured Creditor New Warrants, the Unsecured Creditor Cash Pool, or the Convenience Class Recovery Pool, as applicable.

Related to Convenience Class Recovery Pool

  • Liquidation Loss Amount With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance.

  • Final Shared-Loss Recovery Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.

  • Modification Loss Amount With respect to each Payment Date, the excess, if any, of the aggregate Modification Shortfall over the aggregate Modification Excess for such Payment Date.

  • Shared-Loss Amount has the meaning provided in Section 2.1(b)(i) of this Commercial Shared-Loss Agreement.

  • Subsequent Recovery Any amount recovered by a Servicer or the Master Servicer with respect to a Liquidated Mortgage Loan with respect to which a Realized Loss was incurred after the liquidation or disposition of such Mortgage Loan.

  • Subsequent Recoveries As to any Distribution Date, with respect to a Liquidated Mortgage Loan that resulted in a Realized Loss in a prior calendar month, unexpected amounts received by the Master Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.08) specifically related to such Liquidated Mortgage Loan.

  • Class Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • Loss Amount means the dollar amount of loss incurred and reported on the Monthly Certificate for a Shared-Loss Loan.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Carryforward Interest For any Class of Certificates and any Distribution Date, the sum of (1) the amount, if any, by which (x) the sum of (A) Current Interest for such Class for the immediately preceding Distribution Date and (B) any unpaid Carryforward Interest from previous Distribution Dates exceeds (y) the amount paid in respect of interest on such Class on such immediately preceding Distribution Date, and (2) interest on such amount for the related Interest Accrual Period at the applicable Pass-Through Rate.

  • Unpaid Realized Loss Amount With respect to any Class A Certificates and as to any Distribution Date, is the excess of Applied Realized Loss Amounts with respect to such Class over the sum of all distributions in reduction of the Applied Realized Loss Amounts on all previous Distribution Dates. Any amounts distributed to the Class A Certificates in respect of any Unpaid Realized Loss Amount shall not be applied to reduce the Certificate Principal Balance of such Class.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Class B Interest Shortfall shall have the meaning specified in subsection 4.02(b).