GUC Fund definition

GUC Fund means $2,000,000 in Cash, which Cash will be released
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GUC Fund means that reserve of Cash in the amount of $925,000 less any amounts funded under the DIP Facility prior to the Effective Date in connection with Allowed Professional Fee Claims of Professionals engaged by the Committee, to be funded on the Effective Date into an account maintained by the Disbursing Agent.
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GUC Fund means Cash in an amount equal to the lesser of (i) $1.0
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Examples of GUC Fund in a sentence

  • The Liquidation Trustee shall pay, or cause to be paid, out of the funds held in the Disputed Confirmation Reserve and the Disputed GUC Fund, any tax imposed by any federal, state, or local taxing authority on the income generated by the funds or property held in the Disputed Confirmation Reserve and Disputed GUC Fund, respectively.

  • The Liquidation Trustee shall file, or cause to be filed, any tax or information return related to the Disputed Confirmation Reserve and the Disputed GUC Fund that is required by any federal, state, or local taxing authority.

  • Except as expressly set forth in the Plan, or otherwise agreed to in writing or ordered by the Court, the Liquidation Trustee shall not have any duty to fund the Disputed Confirmation Reserve or the Disputed GUC Fund.

  • The Disputed Confirmation Reserve and the Disputed GUC Fund shall be treated as disputed ownership funds, within the meaning of Treasury Regulation section 1.468B- 9, for all purposes associated with taxation.

  • The Liquidation Trustee shall remove funds from the Disputed GUC Fund as Disputed General Unsecured Claims are resolved, which funds shall be distributed as provided in this Plan.

  • For the avoidance of doubt, the GUC Fund may only be used to fund distributions to be made to Holders of Class 6 Claims on account of Allowed Class 6 Claims.

  • For the avoidance of doubt, all Available Cash, which expressly excludes the GUC Fund, shall be used by the Debtors to pay Allowed Administrative Claims and make distributions to the Debtors’ Creditors other than the Holder of the ABL Secured Claims, in accordance with the Strict Foreclosure Agreement, the Cash Collateral Orders, and the Plan.

  • To the extent not previously funded under the DIP Facility, any Professional Fee Claim shall be paid (i) for Professionals employed by the Committee, from the GUC Fund, and (ii) for all other Professionals, from the Professional Fee Reserve.

  • Available Cash, which expressly excludes the GUC Fund, shall be used to fund distributions to Creditors or other payments to be made pursuant to or otherwise consistent with the Plan and the Confirmation Order.

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More Definitions of GUC Fund

GUC Fund means a fund of $10 million made up of the assignment and
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GUC Fund means a fund of $100,000 in Cash from the Confirmation Funds.
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Related to GUC Fund

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • New Fund means each of the series portfolios of the Trust, one of which shall correspond to one of the Current Funds as shown on Schedule A.

  • Public fund means the state treasurer or a retirement system.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Fresh Funds means funds that:

  • Program fund means the program fund established under section 12D.4.

  • Private Fund means an issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for Section 3(c)(1) or 3(c)(7) of that Act.

  • State Fund means a component of the Settlement Fund described in subsection VIII.D.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Pension Fund means any person that:

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Infrastructure fund means the renewable fuel infrastructure fund created in section 159A.16.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • BlackRock Funds and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund.

  • Special Fund means any fund other than the city general fund.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations;

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Stock Fund means that portion of the Trust Fund consisting of Stock.

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.