General Unsecured Claims Distribution definition

General Unsecured Claims Distribution means $400,000 in Cash, less the reasonable out of pocket expenses of the GUC Administrator, including, without limitation, the fees and expenses of the GUC Administrator’s counsel.
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General Unsecured Claims Distribution means Cash in an amount equal to $10,250,000.
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General Unsecured Claims Distribution means Cash in the aggregate amount of $250,000.
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Examples of General Unsecured Claims Distribution in a sentence

  • After such date, all unclaimed property or interests in property shall be property of the Reorganized Debtors or distributed to Holders of General Unsecured Claims if part of the General Unsecured Claims Distribution without need for a further order by the Court (notwithstanding any applicable federal, provincial, or state escheat, abandoned, or unclaimed property laws to the contrary), and the Claim of any Holder to such property or Interest in property shall be discharged and forever barred.

  • The GUC Administrator may, in its sole discretion, hold Cash in a Disputed Claims Reserve from the General Unsecured Claims Distribution in trust solely for the benefit of the Holders of General Unsecured Claims ultimately determined to be Allowed after the Effective Date.

  • The GUC Administrator shall have the power to administer the General Unsecured Claims Distribution and make or authorize distributions to Holders of General Unsecured Claims.

  • The GUC Administrator shall make distributions to Holders of Allowed General Unsecured Claims to be funded from Cash from the General Unsecured Claims Distribution in accordance with the GUC Administrator Agreement.

  • Except to the extent that a Holder of an Allowed Other General Unsecured Claim agrees to less favorable treatment, in exchange for full and final satisfaction, settlement, release and discharge of each Allowed Other General Unsecured Claim, each Holder of an Allowed Other General Unsecured Claim shall receive their Pro Rata share of the Other General Unsecured Claims Distribution.


More Definitions of General Unsecured Claims Distribution

General Unsecured Claims Distribution means $400,0001,200,000 in
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General Unsecured Claims Distribution means seven and one-half percent (7.5%) of each Allowed General Unsecured Claim.
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General Unsecured Claims Distribution means, provided that, Class 5 (General Unsecured Claims) votes to accept the Plan, the distribution to Holders of Allowed General Unsecured Claims consisting of Cash in the amount of $1.1 million, which shall be funded solely from the distributions otherwise payable, or otherwise directly or indirectly available, under the Plan to Holders of Allowed Class A Notes Claims. For the avoidance of doubt, if Class 5 (General Unsecured Claims) does not vote to Accept the Plan, Class 5 shall receive no distribution under the Plan.
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General Unsecured Claims Distribution means Cash in the amount of
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General Unsecured Claims Distribution means Cash in the amount of $1,000,000.
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General Unsecured Claims Distribution means as set forth in Article 2 hereto.
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General Unsecured Claims Distribution means Cash in the amount of $1,487,500.
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