GUC Cash Pool definition

GUC Cash Pool means Cash in an amount not to exceed $3,750,000.

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GUC Cash Pool means Cash in the aggregate amount of $15,000,000 for the purposes of making distributions to Holders of Allowed Class 4 General Unsecured Claims, which shall consist of (i) $14,500,000 contributed by the Debtor and (ii) $500,000 contributed directly from NCMI, pursuant to which NCMI will not receive any New NCM Common Units associated with such contribution.

GUC Cash Pool means Cash in the amount of $2.15 million, which shall be funded by the Debtors to the Liquidating Trust on or before the Effective Date.

Examples of GUC Cash Pool in a sentence

• The GUC Cash Pool shall be distributed by the Liquidating Trustee as follows: first, to the Holders of Allowed Claims in Class 5 until paid in full; second, to the Holders of Allowed Claims in Class 6 until paid in full; and thereafter, to the Administrative Agent and Lenders.

• Class 6: Section 510(b) Holders of Claims that are subject to subordination under Section 510(b) of the Bankruptcy Code Claims shall be entitled to receive their pro rata share of the GUC Cash Pool, which will be distributed by the Liquidating Trustee in accordance with the Liquidating Trust Proceeds Waterfall.

• The amount of Cash from the GUC Cash Pool that otherwise would have been distributed to any such holder of a General Unsecured Claim that elects to receive New Permian Corp.

• Unsecured Claims shall be entitled to receive their pro rata share of the Unsecured Claims GUC Cash Pool, which will be distributed by the Liquidating Trustee in accordance with the Liquidating Trust Proceeds Waterfall.

• Except to the extent a holder of an Allowed General Unsecured Claim and the Debtors or the Reorganized Debtors, as applicable, agree to less favorable treatment, each holder of an Allowed General Unsecured Claim shall receive, on the Initial Distribution Date and Final Distribution Date, as applicable, in full satisfaction of such Claim, its Pro Rata share of the GUC Cash Pool (such Pro Rata Share to be calculated taking into account any Claims in Class 6 that receive New Permian Corp.

More Definitions of GUC Cash Pool

GUC Cash Pool means $2,550,000.00 of Cash.

GUC Cash Pool means cash to be contributed by one or more of the Supporting Lenders in an amount equal to the sum of (a) $500,000, to be allocated to fund distributions to the holders of allowed General Unsecured Claims against CARBO, and (b) (i) the lesser of (x) $1,500,000 and (y) such amount as is necessary to render all allowed General Unsecured Claims against Asset Guard and StrataGen unimpaired, or (ii) in the Supporting Lenders’ sole discretion, such higher amount as necessary to render the Classes of General Unsecured Claims against Asset Guard and StrataGen unimpaired. For avoidance of doubt, the Plan shall provide for the solicitation of votes by the holders of allowed General Unsecured Claims against each of CARBO, Asset Guard, and StrataGen and, to the extent that the GUC Cash Pool is insufficient to render the holders of allowed General Unsecured Claims against Asset Guard and StrataGen unimpaired, the Debtors reserve the right to cram down any non-consenting class pursuant to section 1129(b) of the Bankruptcy Code.

GUC Cash Pool means Cash in an amount up to $750,000, which shall be funded from Available Cash.

GUC Cash Pool means the cash to be distributed by the Liquidating Trustee to the Holders of Allowed Claims in Classes 5 and 6 in accordance with the Liquidating Trust Proceeds Waterfall. Class 1: Lender Claims Holders of Lender Claims will receive their pro rata share of each of (a) the newly issued equity interests in Reorganized Patriot National, Inc. (“New PNI Equity”) and each of the Reorganized Subsidiary Debtors in accordance with an Equity Purchase Agreement,6 (b) the New Term Loan Facility, and (c) distributions made by the Liquidating Trustee in accordance with the Liquidating Trust Proceeds Waterfall.

GUC Cash Pool means Cash to be contributed by one or more of the Supporting Lenders to the GUC Cash Pool Account on the Effective Date in an amount equal to no more than the sum of (a) $500,000 to be allocated to fund distributions to the Holders of Allowed General Unsecured Claims against CARBO, and (b)(i) the lesser of (x) $1,500,000 and (y) such amount as is necessary to render all Allowed General Unsecured Claims against Asset Guard and StrataGen Unimpaired, or (ii) in the Supporting Lenders’ sole discretion, such higher amount as necessary to render all Allowed General Unsecured Claims against Asset Guard and StrataGen Unimpaired. At the DIP Lenders’ election, and in their sole discretion, all or a portion of the GUC Cash Pool may be funded with any unused Commitments (as defined in the DIP Credit Agreement) under the DIP Facility as of immediately prior to the Effective Date; provided that notwithstanding the foregoing, and for the avoidance of doubt, the funding in full of the GUC Cash Pool shall be the responsibility of the applicable Supporting Lenders and is a condition precedent to the occurrence of the Effective Date, as set forth in Article IX.B.10 hereof.

GUC Cash Pool means $26.05 million in Cash to be transferred by the Debtors or Reorganized Debtors to the GUC Trust on the Effective Date and administered by the GUC Trustee for purposes of (i) satisfying the obligations of the GUC Trust, including the GUC Trust Expenses and any Committee Budget Deficit, if any, and

GUC Cash Pool means $500,000 in Cash, which will be distributed to the Holders of Allowed General Unsecured Claims in accordance with Article III of the Plan if all of the GUC Cash Pool Conditions are met.