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.L 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

• After all Disputed General Unsecured Claims have been either Allowed or Disallowed, each holder of an Allowed General Unsecured Claim shall receive its Pro Rata Share of any Cash remaining in the Disputed General Unsecured Claims Reserve.

• Once the Disputed General Unsecured Claims have been resolved, the Disputed General Unsecured Claims Reserve shall be dissolved.

• As soon as reasonably practicable, but prior to making any Distribution to Holders of General Unsecured Claims, the Liquidating Trustee shall establish the Disputed General Unsecured Claims Reserve and shall reserve thereto the amount of cash as deemed necessary by the Liquidating Trustee to fund the Disputed General Unsecured Claims Reserve in accordance with the provisions of the Plan.

• Class 2 Interests reserved for Disputed General Unsecured Claims shall be issued by the Liquidating Trust to, and held by the Liquidating Trustee in, the Disputed General Unsecured Claims Reserve Trust pending allowance or disallowance of such Claims.

• The Disputed General Unsecured Claims Reserve shall be maintained by the Post-Effective Date Debtor for the benefit of the holders of Allowed General Unsecured Claims whose distributions are unclaimed and the holders of such Disputed General Unsecured Claims pending a determination of their entitlement thereto under the terms of the Plan.

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 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 Disputed or 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 an amount of Cash funded from the Carve-Out 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 the reserve established andmaintained by the Liquidating Trustee in accordance with Article VII.A.1 hereof.

Disputed General Unsecured Claims Reserve means the reserve, if any, established on the Effective Date by the Plan Administrator to provide for the payment of Disputed General Unsecured Claims that are allowed after the Effective Date.

Disputed General Unsecured Claims Reserve means the reserve funded by the

Disputed General Unsecured Claims Reserve means the reserve established pursuant to Section 7.2 of this Plan.