Disputed Claims Reserve Account definition

Disputed Claims Reserve Account means a segregated interest-bearing trust account established by the Monitor to hold the Disputed Claims Reserve;

Disputed Claims Reserve Account means the segregated account to be

Disputed Claims Reserve Account means a deposit account, interest bearing if possible, opened by the Liquidating Trustee at an F.D.I.C. insured depository institution into which shall be deposited Cash representing Unclaimed Property and Cash sufficient to fund the Disputed Claims Reserve.

Examples of Disputed Claims Reserve Account in a sentence

• For purposes of the Plan, such distribution or payment on account of such Allowed Claim shall be held in the Disputed Claims Reserve Account as if it were a Disputed Claim, unless otherwise ordered by the Bankruptcy Court.

• The Monitor shall hold the Disputed Claims Reserve in the Disputed Claims Reserve Account for the purpose of paying amounts to Affected Creditors in respect of their Disputed Claims which have become Proven Claims, in whole or in part, in accordance with the Claims Procedure Order and the Plan.

• Available Cash” means, (i) any Cash Distributions held in the Disputed Claims Reserve Account for the benefit of a holder of a Disputed Claim, which is subsequently Disallowed, in whole or in part; (ii) any de minimis Distributions; (iii) any amount represented by an undeliverable Distribution; or (iv) any voided checks.

• 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.

• At or before the Plan Implementation Date, the CCAA Entities shall transfer from the Available Funds the amount of Cash necessary to establish the Disputed Claims Reserve to the Disputed Claims Reserve Account to be established by the Monitor.

More Definitions of Disputed Claims Reserve Account

Disputed Claims Reserve Account means the segregated

Disputed Claims Reserve Account means a segregated interest-bearing account maintained and administered by the Debtor at a depository approved by the Office of the United States Trustee for the purpose of holding cash payments attributable to Disputed Claims.

Disputed Claims Reserve Account means a segregated interest-bearing bank

Disputed Claims Reserve Account means the accounts, if any, of Cash by HoldCo. or OpCo., as the case may be, on the Effective Date in an amount necessary to provide for the payment of Disputed Claims of the type described that may ultimately be Allowed by the Bankruptcy Court after the Effective Date.

Disputed Claims Reserve Account means a segregated interest-bearing bank account

Disputed Claims Reserve Account means the segregated account to be created for holding the pro-rata share of any Disputed Claims pending final resolution of the Disputed Claim.

Disputed Claims Reserve Account means the Amount of Cash or other property that would have been distributed on the Distribution Date to holders of Allowed Disputed Claims.