Disputed Claim Reserve definition

Disputed Claim Reserve means the property for distribution to holders of Allowed Claims to be reserved pending allowance of Disputed Claims in accordance with Article X of the Plan.

Disputed Claim Reserve means the reserve accounts established pursuant to this Plan for funding Disputed Claims if such Claims are ultimately allowed by Final Order and which are to be held pending resolution of Disputed Claims by the entry of a Final Order allowing or disallowing such Disputed Claim[s].

Disputed Claim Reserve means one or more reserves of such Cash as the Creditor Trust estimates to be reasonably necessary to satisfy the Distributions that could be required to be made by the Creditor Trust under the Plan and the Creditor Trust Agreement on account of Allowed Administrative Claims, Priority Claims, Professional Compensation Claims, GUC Cash Election Claims, or otherwise.

Examples of Disputed Claim Reserve in a sentence

• If no such estimation is requested with respect to a liquidated Disputed Claim, the Plan Agent will reserve Cash in the Disputed Claim Reserve Account based on the Face Amount of such Claim until the Claim is Allowed by an order of the Bankruptcy Court, at which time the reserve amount pending a Final Order may be the amount so Allowed.

• When all Disputed Claims have been resolved and corresponding Distributions made thereon, any amounts remaining in the Disputed Claim Reserve Account shall be added back to the Capital Infusion and Distributed pursuant to the Distribution Scheme.

• All interest accruing on funds held in the Disputed Claim Reserve Account shall be added to funds available for Distribution.To the extent a Disputed Claim becomes an Allowed Claim, the property reserved for the holder thereof shall be distributed by the Plan Agent to such holder as soon as practicable after such Claim becomes an Allowed Claim.

• If practicable, the Disbursing Agent will invest any Cash that is withheld as the applicable Disputed Claim Reserve in an appropriate manner to insure the safety of the investment.

• The Disbursing Agent shall withhold the Disputed Claim Reserve from the property to be distributed to particular classes under the Plan based upon the Face Amount of Disputed Claims as directed by the Reorganized Debtors.

More Definitions of Disputed Claim Reserve

Disputed Claim Reserve means the reserve of Special Warrants created pursuant to Article VII.F. of this Plan.

Disputed Claim Reserve means the reserve account established upon Confirmation to satisfy all Disputed Claims, to the extent that such claims become Allowed Claims pursuant to a Final Order of the Bankruptcy Court or upon written agreement between the Plan Administrator and the Claim holder.

Disputed Claim Reserve means the reserve fund created pursuant to Article V(c)

Disputed Claim Reserve means a reserve of Cash, New Subordinated Notes or New Common Stock for the relevant Class, established herein for, among other things, the payment or other satisfaction of Disputed Claims that are Allowed after the Effective Date.

Disputed Claim Reserve means one or more reserve accounts to be funded with Cash and/or proceeds of the Total Assets as applicable in accordance with the terms of the Plan, for Disputed Claims and/or any Liquidating Trust Assets allocable to Disputed Claims.

Disputed Claim Reserve means amounts in a bank account or accounts reserved for DisputedClaims.

Disputed Claim Reserve means a reserve established and maintained under the Plan in a segregated, interest bearing account into which the Disbursing Agent will deposit sufficient (i) Cash (including Cash to pay holders of Disputed Administrative Claims, Disputed Priority Tax Claims, Disputed Non-Tax Priority Claims and Disputed General Unsecured Claims), (ii) Reorganized CFGI Debt Securities and (iii) Reorganized CFGI Common Stock, to make Distributions to all holders of Disputed Claims in accordance with the provisions of the Plan, to the extent such Disputed Claims become Allowed Claims, as described in Article VI of the Plan.