Disputed Claim Reserve Account definition

Disputed Claim Reserve Account means the reserve account created pursuant to this Plan for the benefit of Unsecured Disputed Claims that become Allowed Claims.
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Disputed Claim Reserve Account means the reserve account created pursuant to Section 10.3(l)(1) hereof for the benefit of Class 5 Disputed Claims that become Allowed Claims.
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Disputed Claim Reserve Account means a segregated, interest bearing account maintained and administered by the Estate Representative for the purpose of holding cash in an amount no greater than the amount of the General Unsecured Claim Recovery Fund or such other amount required by the Bankruptcy Court and the Plan Support Agreement for Distribution on account of Disputed Claims pursuant to Section 7.7 of this Plan.
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Examples of Disputed Claim Reserve Account in a sentence

  • If you are going to write something to a file try to put the file in a directory that is not readable by the attacker.

  • All interest accruing on funds held in the Disputed Claim Reserve Account shall revert to the Creditor Trust.

  • Once the actual amount of the Administrative Tax Claim is determined, it shall be paid from the Disputed Claim Reserve Account and any amount reserved in excess of that amount shall be distributed as set forth above.

  • If the return is not selected for audit within sixty (60) days of the request, the balance contained in the Disputed Claim Reserve Account for the Administrative Tax Claim shall be distributed to the other creditors as set forth herein.

  • For Haugen, the key element in the expression "knowing two languages" is the word two.

  • Pursuant to Article 12 of the Plan, the Plan Agent has established various reserve accounts, including the Disputed Claim Reserve Account and the Administrative Expense Reserve Account.

  • As soon as practicable after the date that the order or judgment of the Bankruptcy Court allowing any Disputed Unsecured Claim becomes a Final Order, the Trustee shall provide to the Holder of such Unsecured Claim from the Disputed Claim Reserve Account (as defined hereinbelow) the Distribution (if any) to which such Holder is entitled.

  • The Debtor will estimate the maximum potential amount of this Administrative Tax Claim for each company and deposit that amount into the Disputed Claim Reserve Account from the Net Sales Proceeds.

  • In addition to as provided otherwise in the Plan, the Creditors Trustee shall reserve for the account of each Holder of a Disputed Claim entitled to receive a Distribution in the Disputed Claim Reserve Account (x) Trust Assets that would otherwise be distributable to such Holder on such date in accordance with the Plan were such Disputed Claim an Allowed Claim on such date or (y) such other property as may be agreed between the Creditors Trustee and the Holder of the Disputed Claim.

  • If the IRS has not completed the audit after expiration of one-hundred and eighty (180) days from the date the request for determination is made, the balance contained in the Disputed Claim Reserve Account for the Administrative Tax Claim shall be distributed as follows: (i) first to satisfy any deficiency in the amounts owed to the Class 1 or Class 2 Creditor as the case may be; (ii) second as Surplus Net Sales Proceeds.


More Definitions of Disputed Claim Reserve Account

Disputed Claim Reserve Account 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.
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Disputed Claim Reserve Account means the account set up pursuant to Section 6.13 hereof.
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Related to Disputed Claim Reserve Account

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Disputed Claim means any Claim that is not Allowed.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Payment Date (prior to giving effect to any withdrawals therefrom relating to such Payment Date) over (ii) the Specified Reserve Balance with respect to such Payment Date.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the September 2003 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the March 2004 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferors may determine by written notice to the Trustee and the Servicer. For this purpose, the "Excess Spread Percentage" for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.