Examples of Distribution Reserve Account in a sentence
The Parties acknowledge (a) the payment by Cheniere Holdings, in connection with the Closing, of transaction expenses in the amount of approximately $3,800,000 (exclusive of the Underwriters’ discount and the structuring fee) and (b) the deposit of the Net Funding Amount into the Distribution Reserve Account.
The Liquidating Trustee may invest any Cash that is withheld in the Distribution Reserve Account in accordance with Section 6.9 of this Agreement.
Distributions of proceeds of Liquidating Trust Assets with respect to Disputed Claims shall be deposited into the Distribution Reserve Account as set forth in Section 4.2 of this Agreement.
The Liquidating Trustee shall deposit into the Distribution Reserve Account on each Distribution Date, pending resolution of Disputed Claims, that portion of Liquidating Trust Assets that would otherwise be distributable in accordance with the Plan in respect of such Disputed Claims, if such Disputed Claims had then constituted Allowed Claims entitled to receive Liquidating Trust Assets in accordance with the Plan.