Disputed General Unsecured Claims Reserve definition

Disputed General Unsecured Claims Reserve means the reserve established pursuant to Article 7.1(c) of the Plan, which reserve shall contain amounts relating to Disputed General Unsecured Claims.

Disputed General Unsecured Claims Reserve means the reserve established and maintained by the Reorganized Debtors to hold the shares of New Common Stock to be Distributed, as applicable, to Holders of Allowed General Unsecured Claims and Allowed Noteholder Claims pending the resolution of Disputed General Unsecured Claims in accordance with the terms of Section VII.J hereof.

Disputed General Unsecured Claims Reserve means the reserve funded by the Operating Debtors pursuant to Section 8.1 of the Plan to ensure sufficient funds to pay all Disputed General Unsecured Claims in accordance with Section 3.2(c) of the Plan to the extent that such Claims become Allowed General Unsecured Claims.

Examples of Disputed General Unsecured Claims Reserve in a sentence

• Reorganized Solutia also will place in the Disputed General Unsecured Claims Reserve, the proceeds, net of any applicable fees, from such investment of Cash, and Distributions to Holders of Allowed General Unsecured Claims and Allowed Noteholder Claims will include a proportionate share from such investment of Cash from the Disputed General Unsecured Claims Reserve.

• Cash dividends and other Distributions earned on account of the New Common Stock to be held in the Disputed General Unsecured Claims Reserve will be transferred to the Disputed General Unsecured Claims Reserve, concurrently with the transfer of such dividends and other Distributions to other holders of New Common Stock.

• The shares of the New Common Stock held in the Disputed General Unsecured Claims Reserve shall be voted in accordance with, and in direct proportion to, the votes cast by those shareholders, excluding Monsanto and the Entity holding the New Common Stock issued on account of the Retiree Claim, voting on any and all matters for which a vote of the shareholders of the New Common Stock is taken or required.

• Cash held in the Disputed General Unsecured Claims Reserve as a result of such dividends and other Distributions will (i) be deposited and held in trust pending distribution by Reorganized Solutia for the benefit of Holders of Allowed General Unsecured Claims and Noteholder Claims, (ii) be accounted for separately and (iii) not constitute property of the Reorganized Debtors.

• On and after the Effective Date, the Disbursing Agent shall hold in the Disputed General Unsecured Claims Reserve Cash in an aggregate amount sufficient to pay to each holder of a Disputed General Unsecured Claim at the time distributions are made pursuant to the Plan the amount of Cash that such holder would have been entitled to receive if such Claim had been an Allowed Claim on the Effective Date.

More Definitions of Disputed General Unsecured Claims Reserve

Disputed General Unsecured Claims Reserve means, in the event there exists any Disputed General Unsecured Claim on or after the Effective Date, Cash to be set aside by the Disbursing Agent pursuant to Section 7.5 of the Plan, in one or more separate bank accounts, in an amount sufficient to pay the distributions to all Disputed General Unsecured Claims at the time such distributions are made in accordance with the provisions of the Plan, if such Disputed General Unsecured Claims become Allowed Claims.

Disputed General Unsecured Claims Reserve means an amount of Cash funded from the Plan Fund to make distributions on account of Claims of holders of Disputed General Unsecured Claims under the Plan if such Claims are subsequently Allowed.

Disputed General Unsecured Claims Reserve means any reserve established and maintained by the Liquidating Trustee for the payment of Disputed General Unsecured Claims. Unless otherwise ordered by the Bankruptcy Court, any unliquidated General Unsecured Claim shall be valued at $0 for purposes of calculation of the Disputed General Unsecured Claims Reserve.

Disputed General Unsecured Claims Reserve means any reserve established and maintained by the Liquidating Trustee for the payment of Disputed General Unsecured

Disputed General Unsecured Claims Reserve means the reserve funded by the

Disputed General Unsecured Claims Reserve means the reserve established pursuant to and governed by Article VIII.E of the Plan.

Disputed General Unsecured Claims Reserve means the reserve established and maintained by the Liquidating Trustee in accordance with Article VII.A.1 hereof.