Disputed Interest Reserve definition

Disputed Interest Reserve means a reserve of New Common Stock as may be established on the Effective Date by Reorganized GMI, with respect to any Disputed Interest, in numbers sufficient to make Distributions on account of the Disputed Interest in accordance with the provisions of the Plan in the event such Disputed Interest becomes an Allowed Interest.
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Disputed Interest Reserve means the Cash reserve, if any, established and maintained on account of Disputed Equity Interests, if any.
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Disputed Interest Reserve means the reserve of SoftBrands Common Stock established and maintained by the Trustee on account of Disputed Interests.
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Examples of Disputed Interest Reserve in a sentence

  • The Reorganized Debtors shall administer the Disputed Interest Reserve and any other Disputed Claims Reserve established for Disputed Claims.

  • If a Disputed Interest Reserve is established hereunder, all references to Disputed Claims Reserve shall apply to the Disputed Interest Reserve and all references to Claims, Allowed Claims and Disputed Claims shall apply to Interests, Allowed Interests, and Disputed Interests as the context requires.

  • Disputed Interest Reserve means the reserve of New Common Stock established and maintained by Reorganized McLeodUSA on account of Disputed Interests or Securities Claims that are Disputed Claims.

  • Except as otherwise required by the Plan, the Trustee may at any time seek instructions from the Bankruptcy Court concerning any aspect of administration of the Second Amended Shareholders Trust or disposition of the Trust Assets, including but not limited to establishing the Expense Reserve, Disputed Interest Reserve, and making Distributions.

  • The Post-Confirmation Debtor shall administer the Administrative Claim Reserve, the Disputed Claims Reserve, the Unsecured Claims Reserve and the Disputed Interest Reserve.

  • After a Final Order has been entered, or other final resolution has been reached with respect to each Disputed Interest, any SoftBrands Common Stock that remains in the Disputed Interest Reserve shall be distributed pro rata to holders of Allowed Class 5 Interests.

  • On the Effective Date, the Reorganized Debtors shall establish the Disputed Interest Reserve by withholding from the initial distribution an amount of Cash calculated as if all Class 7 Equity Interests were Allowed Class 7 Equity Interests in an amount equal to one hundred (100%) percent of the distributions to which holders of Disputed Class 7 Equity Interests would be entitled if their Equity Interests were Allowed in the Disputed Interest Amount.

  • After a Final Order has been entered or other final resolution has been reached with respect to each Disputed Equity Interest, any of the Cash that remains in the Disputed Interest Reserve shall be distributed Pro Rata to Holders of Allowed Class 7 Equity Interests.

  • Any Distributions held in the Disputed Claims Reserve or Disputed Interest Reserve for the benefit of a holder of a Disputed Claim or Disputed Interest, which is subsequently disallowed, in whole or in part, shall be distributed in accordance with the Plan.

  • After a Final Order has been entered, or other final resolution has been reached with respect to each Disputed Equity Interest, any Cash that remains in the Disputed Interest Reserve shall be distributed Pro Rata to Holders of Allowed Class 7 Interests.

Related to Disputed Interest Reserve

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • REO Imputed Interest As to any REO Property, for any calendar month during which such REO Property was at any time part of REMIC I, one month's interest at the applicable Net Mortgage Rate on the Stated Principal Balance of such REO Property (or, in the case of the first such calendar month, of the related Mortgage Loan, if appropriate) as of the close of business on the Distribution Date in such calendar month.

  • Interest Reset Date means, with respect to any Interest Period with respect to the Floating Rate Notes, the first day of such Interest Period; provided that if any Interest Reset Date would otherwise be a day that is not a Business Day, that Interest Reset Date will be postponed to the next succeeding day that is a Business Day, except that if that Business Day falls in the next succeeding calendar month, such Interest Reset Date will be the immediately preceding Business Day.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Imputed Interest means any interest imputed under Section 1272, 1274 or 483 or other provision of the Code and any similar provision of state and local tax law with respect to the Corporate Taxpayer’s payment obligations under this Agreement.

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

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

  • Uncollected Interest With respect to any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Interest Reset Period The period beginning on the applicable Reset Date and ending on the calendar day preceding the next Reset Date.

  • Disputed Amount means an amount which Customer disputes. A Disputed Amount may relate to the whole or part of an invoice(s).

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Settlement Class Period means the period from and including January 1, 2000 through July 20, 2021.

  • Agreed Interest Rate means that interest rate determined as of the time it is to be applied that is equal to the lesser of (i) 5% in excess of the discount rate established by the Federal Reserve Bank of San Francisco as it may be adjusted from time to time, or (ii) the maximum interest rate permitted by Law.

  • Disputed Amounts has the meaning set forth in Section 2.04(c)(iii).

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Overfunded Interest Amount With respect to any Subsequent Transfer Date, the excess of (A) the amount on deposit in the Capitalized Interest Account on such date over (B) the excess of (i) the amount of interest accruing at the sum of the (a) assumed weighted average Pass-Through Rate of the Offered Certificates and (b) the Applicable Rate on the Prefunded Amount outstanding at the end of the related Collection Period for the total number of days remaining through the end of the Accrual Periods ending April 25, 2004, May 24, 2004 and June 24, 2004 over (ii) one month of investment earnings on the amount on deposit in the Capitalized Interest Account on such date at an annual rate of 0.75%. The assumed weighted average Pass-Through Rate will be calculated assuming the Certificate Index is 1.09% for any Subsequent Transfer Date prior to the April 2004 Distribution Date, 1.34% for any Subsequent Transfer Date prior to the May 2004 Distribution Date and 1.59% for any Subsequent Transfer Date prior to the June 2004 Distribution Date.

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Optimal Interest Remittance Amount For each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Assumed Interest Rate means the annual yield payable on the last day of the applicable Calculation Period on ten (10) year United States Treasury obligations in amounts approximating the outstanding principal balance of the Loan on the last day of the Calculation Period plus two hundred fifty (250) basis points per annum; provided, however, that the Assumed Interest Rate shall be not less than six percent (6.0%) per annum.

  • Disputed Items has the meaning set forth in Section 3(b)(3)(A).

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • REMIC 2 Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.