Examples of Disputed Reserve in a sentence
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.
To the extent that the property placed in a Disputed Reserve consists of Cash, that Cash shall be deposited in an interest-bearing account.
Except with respect to property not Distributed because it is being held in a Disputed Reserve, Distributions that are not claimed by the expiration of three months from the Initial Distribution Date or any Subsequent Distribution Date, as applicable, shall be deemed to be unclaimed property under section 347(b) of the Bankruptcy Code and shall revest in the Reorganized Debtor, and the Claims with respect to which those Distributions are made shall be automatically deemed waived.
Any Distribution that is not made on the Initial Distribution Date shall be held by the Responsible Person in a Disputed Reserve pursuant to Article V.B herein and Distributed as soon as practicable after such Claim is Allowed.
To the extent that the property placed in a Disputed Reserve consists of Cash, that Cash shall be deposited in a non-interest-bearing account.