Examples of Disputed Reserve in a sentence
Chapter Problem Overview of Chapter 5Historical Basis for Estates in Land Estates in LandFee Simple Life Estate Fee Tail Exercise 5-1Future Interests and Defeasible feesFee Simple DeterminableFee Simple Subject to Condition Subsequent Contingent RemaindersRules of ConstructionTrustsInterpretation of Ambiguous Conveyances.Exercise 5-2 Hagaman v.
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.