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 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.

Disputed Claims Reserve Account means the segregated account to be

Examples of Disputed Claims Reserve Account in a sentence

• 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.

• TCC shall hold the Propco Disputed Claims Reserve in the Propco Disputed Claims Reserve Account on behalf of Propco for the purpose of paying amounts to Propco Creditors and Property LP Creditors in respect of their disputed Claims against Propco or Property LP which have become Propco Unaffected Claims or Property LP Unaffected Claims, in whole or in part, in accordance with the Plan.

• TCC shall hold the TCC Disputed Claims Reserve in the TCC 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.

• TCC shall distribute such Cash in the Propco Disputed Claims Reserve Account in accordance with Sections 5.4 and 5.5 of the Plan.

• 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.

More Definitions of Disputed Claims Reserve Account

Disputed Claims Reserve Account means the segregated

Disputed Claims Reserve Account means a segregated interest-bearing bank

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

Disputed Claims Reserve Account means the segregated account(s) established by the Liquidating Trustee for the payment of Disputed Claims that become Allowed Claims after the Effective Date, and which shall hold Cash and/or other consideration as applicable, for the benefit of the Holders of Disputed Claims.