Disputed Reserve definition

Disputed Reserve means the reserve to be created pursuant to the Plan to hold a contribution of Cash and/or New Common Stock, which reserve shall be held for the benefit of Holders of subsequently Allowed Claims or, to the extent applicable, to Holders of Equity Interests, for Distribution according to the procedures set forth in Articles VI and VII.
Disputed Reserve means the reserve fund created pursuant to Article V.B.1 of the Plan.
Disputed Reserve means the aggregate amount of Cash that would have been distributed on the Distribution Date, or in subsequent Distributions, to the Holders of Disputed Claims if such Disputed Claims had in fact been Allowed on such date: (a) for liquidated Claims, in the amount asserted in a filed Proof of Claim or Administrative Claim; and (b) for unliquidated Claims, the amount estimated by the Liquidation Trustee as the maximum reasonable amount that could ultimately be allowed by the Court.

Examples of Disputed Reserve in a sentence

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  • On the Initial Distribution Date, and after making all Distributions required to be made on such date under the Plan, the Reorganized Debtor shall establish a separate Disputed Reserve for Disputed Claims, which Disputed Reserve shall be administered by the Reorganized Debtor.

  • Upon closure of a Disputed Reserve, all Cash (including any investment yield on the Cash) or other property held in that Disputed Reserve shall revest in and become the property of the Liquidating Trust.

  • Any Distribution that is not made on the Initial Distribution Date or on any other date specified herein because the Claim that would have been entitled to receive that Distribution is not an Allowed Claim on such date, shall be held by the Reorganized Debtor as applicable, in the Disputed Reserve and distributed on the first Quarterly Distribution Date after such Claim is Allowed.

  • On the Effective Date or as soon thereafter as is reasonably practicable, the Liquidating Trustee (in consultation with the Oversight Committee) shall establish a Disputed Reserve for Disputed Secured Claims, Disputed Administrative Expense Claims, Disputed Priority Tax Claims, Disputed Other Priority Claims and Disputed General Unsecured Claims.


More Definitions of Disputed Reserve

Disputed Reserve means a reserve of Cash, New Common Stock and/or New Warrants for the relevant Class, established herein for, among other things, the payment or other satisfaction of Disputed Claims or Disputed Equity Interests that become Allowed Claims or Allowed Equity Interests after the Effective Date, which reserve shall be held in trust for the benefit of the holders of Claims and Equity Interests and, except as provided in Section 9.6 of the Plan upon closure of a Disputed Reserve, will not constitute property of the Estates or of Reorganized Safety Components.
Disputed Reserve means the reserve for Disputed Clams as forth in Article VI.B. of the Plan.
Disputed Reserve means a reserve of Cash for the relevant Class, established herein for, among other things, the payment or other satisfaction of Disputed Claims that are Allowed after the Effective Date, which reserve shall be held in trust by the Plan Entity establishing the reserve for the benefit of the holders of the foregoing types of Claims and, except as provided in Section 8.6, will not constitute property of any of the Plan Entities.
Disputed Reserve means the reserve fund created pursuant to Article V.Bherein. Plan.
Disputed Reserve means the reserve of Cash established and maintained to pay Disputed Claims that would be required to receive Cash upon allowance by the Bankruptcy Court.
Disputed Reserve means the reserve to be created by Tronox to hold a contribution of Cash and/or New Common Stock, which reserve shall be held for the benefit of Holders of subsequently Allowed Claims
Disputed Reserve means the reserve to be created pursuant to the Plan to hold a contribution of