Examples of Effective Date Cash in a sentence
Notwithstanding the foregoing, this Section IX.E does not apply with respect to funds cash collateralizing Letters of Credit that have been terminated or expired according to their terms, which funds shall constitute Prepetition Lenders Effective Date Cash in accordance with Section VIII.A hereof.
The Plan shall be funded from the Effective Date Cash and any other Assets of the Estates, except as expressly set forth herein.
On the Effective Date, or as soon thereafter as is practicable, the Liquidation Trustee shall establish the Confirmation Fund, which shall be funded from the Effective Date Cash in an amount equal to the Confirmation Amount.
On the Effective Date, the Liquidation Trustee shall establish a Professional Fee Escrow Account and shall fund such Professional Fee Escrow Account with Effective Date Cash in an amount equal to the sum of the Professional Fee Claims.
On or prior to the Effective Date, the Debtors shall fund an upfront premium payment from Effective Date Cash to purchase insurance required and appropriate for the business needs of NewCo, including liability and other insurance for NewCo, including without limitation, product liability insurance and directors’ and officers’ liability insurance for the NewCo Managers, officers and other authorized agents, in an amount and on terms acceptable to the Debtors and the Governmental Consent Parties.