Disbursement Fund definition

Disbursement Fund means, with respect to Distributions on account of Allowed General Unsecured Claims, the GUC Available Cash; with respect to all other Distributions, any and all other accounts maintained by the Debtors and/or Reorganized Debtors, as applicable.
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Disbursement Fund is defined in Section 9.1.
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Disbursement Fund means the Fund by that name established by the Trustee pursuant to Section 6.05 of this Indenture.
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Examples of Disbursement Fund in a sentence

  • Direct expenses (i.e. laboratory analytical, drilling, etc.) will be billed on a cost plus 10% fee in accordance with the New Hampshire Oil Discharge and Disbursement Fund.

  • All remaining monies shall be a placed into the National Lifetime Membership Dues Disbursement Fund.

  • All incoming dues shall be split into two separate funds as follows: The National Lifetime Membership Dues Disbursement Fund and The National Lifetime Membership Trust Fund Donation Fund.

  • Notwithstanding any of the foregoing, the Disbursing Agent may request from the Bankruptcy Court one or more extensions of the Claims Objection Deadline as applied to Claims upon which Distributions are to be made by their respective Disbursement Fund, which relief shall be freely given for cause stated and the extended date shall become the new Claims Objection Deadline applicable to such Disbursing Agent and Disbursement Fund.

  • At any time, the Disbursing Agent may request that the Bankruptcy Court estimate any Claim upon which Distributions are to be made by their respective Disbursement Fund, to the extent permitted by Section 502(c) of the Bankruptcy Code.

  • All Producers must undergo a field-based Licensing Assessment in order to receive or renew a licence.

  • The Trustee is hereby authorized to disburse moneys from the City Disbursement Fund to the City for deposit to the General Fund of the City free and clear of all liens.").

  • If assistance is granted to the Applicant to cover the anticipated cost of disbursements as outlined in the application then I undertake to accept instructions in accordance with the Guidelines of the Civil Disbursement Fund and on the basis that my professional fees and Counsel’s fees will not be sought from the Applicant until the conclusion of his/her claim.

  • These included the Bluewater Quilters Guild, the Power Workers Union Equity Disbursement Fund, the Chambettes, Bruce Power Boiler Makers Union, Persona, the Sewcializers, and Iota Phi Sorority, Port Elgin Royal Canadian Legion Ladies Auxiliary, BJ’s Video, St. John Anglican Church, the Lutheran Church, and Port Elgin United Church, in Memorial donations and from some individuals.

  • Unclaimed Property Except with respect to property not Distributed because it is being held in reserve for Disputed Claims, Distributions that are not claimed by the expiration of ninety (90) days from the date of the relevant Distribution shall be deemed to be unclaimed property under Section 347(b) of the Bankruptcy Code and shall vest or revest in their respective Disbursement Fund.


More Definitions of Disbursement Fund

Disbursement Fund shall have the meaning set forth in Section 2.8 hereof.
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Disbursement Fund. A controlled account established with Provident Bank for the benefit of Borrower into which the Lenders shall deposit funds, and from which the Administrative Agent, in accordance with the terms of this Agreement, shall thereafter authorize releases of proceeds of the Loans.
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Disbursement Fund means the fund administered by the Disbursement Agent upon direction of the Committee for payment of Allowed General Unsecured Claims (Classes 3 and 3A) pursuant to the terms of the Plan.
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Disbursement Fund means the fund by that name referred to in the Indenture, including separate Disbursement Accounts within such fund for each Institution Loan.
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Disbursement Fund means that certain interest bearing escrow account to be established under the supervision of the Trustee, into which the Purchase Price is deposited.
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Disbursement Fund means the fund created on the Effective Date from the Retained Assets and the ECHEX Payment. The Disbursing Agent shall oversee the Disbursement Fund.
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Related to Disbursement Fund

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Investment Account As defined in Section 3.12(a).

  • Interest Funds With respect to each Mortgage Group and any Payment Date, (a) the sum of, without duplication, (1) all interest collected (other than the interest portion of Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Mortgage Group during the related Due Period by the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor Master Servicer), minus, (x) to the extent provided under Sections 4.02(e)(3) and (4) and Sections 5.08(i) and (ii) herein, previously unreimbursed Advances and Nonrecoverable Advances due to the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor master servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans in such Mortgage Group, (y) the Servicing Administration Fee and Master Servicing Fee with respect to such Mortgage Loans in such Mortgage Group and (z) any fees and expenses of any Custodian with respect to the Mortgage Loans in such Mortgage Group to the extent not paid by the Seller or its Affiliates, (2) any Compensating Interest Payments or payments in respect of Prepayment Interest Shortfalls paid by the Master Servicer pursuant to Section 5.21 with respect to the related Prepayment Period with respect to the Mortgage Loans in such Mortgage Group, (3) the portion of any Purchase Price or Substitution Amount paid with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period, to the extent allocable to interest, as reduced by (b) such Mortgage Group’s pro rata share of: (i) the Owner Trustee Fee, (ii) any costs, expenses or liabilities reimbursable or otherwise due to the Master Servicer, Servicer, the Subservicer, the Indenture Trustee, any Custodian, the Owner Trustee or the Trust Administrator to the extent provided in this Agreement, the Trust Agreement, the Indenture and any Custodial Agreement and (iii) any Net Swap Payment.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Member Account means the regular account and the variable account.