General Unsecured Claims Cash Pool definition

General Unsecured Claims Cash Pool means Cash in an amount equal to $7,000,000, or as may be reduced, with the consent of the Requisite First Lien Creditors and counsel to the Committee, to the extent that the Holders of Second Lien Notes Claims elect to receive less favorable treatment, or the treatment of such Claims is modified to provide for non-cash consideration.
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General Unsecured Claims Cash Pool means: (a) the Initial General Unsecured Claims Cash Payment, (b) the West Virginia Property Payment, and (c) the proceeds, if any, from non-released Causes of Action transferred to the Liquidating Trust.
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General Unsecured Claims Cash Pool means $1,250,000 in Cash to be distributed to Holders of Allowed General Unsecured Claims.
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Examples of General Unsecured Claims Cash Pool in a sentence

  • For the avoidance of doubt, the Reorganized Debtors shall have no obligation to pay any fees and expenses of the Claims Oversight Monitor, including the fees and expenses of any professionals retained by the Claims Oversight Monitor, in excess of $100,000 in the aggregate (and any such additional fees and/or expenses shall be paid from the General Unsecured Claims Cash Pool Account).

  • Any Cash not distributed in accordance with the terms of the Plan to Holders of Allowed General Unsecured Claims in Class 5A and Class 5B shall be deemed unclaimed property under section 347(b) of the Bankruptcy Code, and shall remain in the General Unsecured Claims Cash Pool for distribution on account of other Allowed General Unsecured Claims.

  • The cost (if any) of preparing and filing any tax returns for the General Unsecured Claims Cash Pool Account shall be paid by the Reorganized Debtors, but the amount of any tax due shall be paid from the General Unsecured Claims Cash Pool Account.

  • The General Unsecured Claims Cash Pool Account will bear interest and, therefore, the General Unsecured Claims Cash Pool Account may generate income subject to tax.

  • The General Unsecured Claims Cash Pool Account shall be listed under the Reorganized Debtors’ taxpayer identification number.

  • After all distributions have been made in accordance with the terms of the Plan to Holders of Allowed General Unsecured Claims in Class 5A and Class 5B, any Cash remaining in the General Unsecured Claims Cash Pool totaling less than or equal to $30,000, in the aggregate, may be donated by the Claims Oversight Monitor to a charity of its choice.

  • The Plan is not premised upon the substantive consolidation of the Debtors with respect to the Classes of Claims or Interests set forth in the Plan; provided, that the Reorganized Debtors may consolidate Allowed Claims (a) on a per Class basis for purposes of voting and (b) into one Estate for purposes of distributions from the General Unsecured Claims Cash Pool Account.

  • The DIP Lenders shall contribute 50% of (a) the Exit Fee and (b) the first $5 million in excess of the DIP Claim Threshold received by the DIP Lenders on account of the DIP Facility Claims to the General Unsecured Claims Cash Pool Account.

  • The DIP Lenders shall contribute 10% of the second $5 million in excess of the DIP Claim Threshold received by the DIP Lenders on account of the DIP Facility Claim to the General Unsecured Claims Cash Pool Account.

  • The DIP Lenders shall contribute 35% of the next $15 million in excess of the DIP Claim Threshold received by the DIP Lenders on account of the DIP Facility Claim to the General Unsecured Claims Cash Pool Account.


More Definitions of General Unsecured Claims Cash Pool

General Unsecured Claims Cash Pool means Cash in an amount equal to $7,000,000.
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General Unsecured Claims Cash Pool means $100,000 of Cash.
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Related to General Unsecured Claims Cash Pool

  • General Unsecured Claim means any Claim that is not a/an: Administrative Claim; DIP Facility Claim; Professional Fee Claim; Priority Tax Claim; Secured Tax Claim; Other Priority Claim; Other Secured Claim; Intercompany Claim; Prepetition Debt Claim; or 510(b) Equity Claim.

  • Unsecured Claim means any Claim that is not a Secured Claim.

  • DIP Claim means any Claim arising under, derived from or based upon the DIP Facility or DIP Orders, including the DIP Exit Backstop Premium and the guarantees in respect thereof under the DIP Facility Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising under or related to the DIP Facility.

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • Administrative Claims Bar Date means the deadline for Filing requests for payment of Administrative Claims, which: (a) with respect to Administrative Claims other than Professional Fee Claims, shall be 30 days after the Effective Date; and (b) with respect to Professional Fee Claims, shall be 45 days after the Effective Date.

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor or an Affiliate of a Debtor or any Claim held by an Affiliate of a Debtor against a Debtor.

  • Administrative Expense Claim means any right to payment constituting a cost or expense of administration of the Chapter 11 Cases under sections 503(b) and 507(a)(2) of the Bankruptcy Code including, without limitation, (a) any actual and necessary costs and expenses of preserving the Estates, (b) all compensation and reimbursement of expenses to the extent Allowed by the Bankruptcy Court under section 330 or 503 of the Bankruptcy Code, (c) any fees or charges assessed against the Estates under section 1930 of chapter 123 of Title 28 of the United States Code, (d) all Claims arising under section 503(b)(9) of the Bankruptcy Code, and (e) the Prepetition Lenders Adequate Protection Claims.