Creditor Distribution Pool definition

Creditor Distribution Pool means the Cash pool held by the CCAA Entities comprised of the Available Funds after the creation of the Disputed Claims Reserve and the Investment Reserve in accordance with, and in the sequence set out in, Sections 5.1, 5.2 and 5.3, and shall include, for greater certainty, any Excess Cash that is transferred to the Creditor Distribution Pool Account from time to time in accordance with Section 6.8;
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Creditor Distribution Pool means $5.5 million to fund distributions to Affected Creditors with Proven Claims as provided in the Plan, which amount includes the amount to be held in the Unresolved Claims Reserve but does not include the amount to be held in the Administration Reserve.
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Creditor Distribution Pool means the Adjusted Proposal Funding Amount less the Superintendent’s Levy; and (ii) the payments to Preferred Creditors, if any, pursuant to Section 2.2(a);
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Examples of Creditor Distribution Pool in a sentence

  • The Monitor will oversee the distribution of funds from the Creditor Distribution Pool in accordance with the provisions of Article 6.

  • At or before the Effective Time, the Hematite Group will set aside (pursuant to arrangements satisfactory to the Monitor) or deliver to the Monitor, in trust, the amount of the Creditor Distribution Pool (less the amount of the Unresolved Claims Reserve, which amount will be set aside or delivered to the Monitor pursuant to Section 5.2), from which cash distributions will be made to Affected Creditors with Proven Claims on and subject to the terms of Article 6.

  • Any remaining balance in the Disputed Claims Reserve Account relating to such Affected Creditor’s Disputed Claim shall be deposited into the Creditor Distribution Pool Account.

  • All Government Priority Claims, if any, to the extent unpaid prior to the Plan Implementation Date, shall be paid in accordance with Subsection 6(3) of the CCAA forthwith following the Plan Implementation Date from the Creditor Distribution Pool.

  • 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.

  • Forthwith after the Final Distribution Date, any funds: (a) remaining in the Creditor Distribution Pool Account shall be returned to the CCAA Entities; or (b) remaining in the Investment Reserve Account shall be dealt with in accordance with Section 6.5(e), and all Promissory Note Entitlements shall be considered satisfied, forever discharged and barred.

  • The Monitor will determine in its sole discretion whether to approve any request by the CCAA Entities to withdraw Excess Cash from the Creditor Distribution Pool Account.

  • Community Care Grants were primarily intended to help vulnerable people live as independent a life as possible in the community and were dependant on receipt of income related benefit.

  • The CCAA Entities shall hold the Creditor Distribution Pool in the Creditor Distribution Pool Account, under the supervision of the Monitor, and shall distribute such monies in accordance with Sections 6.1 and 6.8 of the Plan.

  • For greater certainty, any withdrawal of Excess Cash from the Creditor Distribution Pool Account in accordance with this Section 6.8 shall be considered to be a material event for the purposes of the Monitor’s reporting obligations under Section 8.1 and the Monitor shall prepare, serve and post a report that reports on such withdrawal in accordance with Section 8.1.

Related to Creditor Distribution Pool

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.

  • Main Distribution Frame (MDF) is termination frame for outside facility and inter-exchange office equipment at the central office for DS-0 and DSL services.