Initial Distribution definition

Initial Distribution means the distribution made to holders of Allowed Class C-4 Claims on the Distribution Date.

Initial Distribution has the meaning set forth in Section 2.1(e).

Initial Distribution means, with respect to an Allowed Claim, the first distribution of Cash made on account of such Allowed Claim to the holder thereof.

Examples of Initial Distribution in a sentence

• Except as otherwise provided in the “Treatment” sections in Article III hereof or as ordered by the Bankruptcy Court, initial distributions to be made on account of Claims that are Allowed Claims as of the Effective Date shall be made on the Initial Distribution Date or as soon thereafter as is practicable.

• Any distribution that is not made on the Initial Distribution Date or on any other date specified herein because the Claim that would have been entitled to receive that distribution is not an Allowed Claim or Interest on such date, shall be distributed on the first Quarterly Distribution Date after such Claim or Interest is Allowed.

• Litigation Entitlements shall be distributed to Admitted Group Creditors in accordance with Clause 12 (Post-Restructuring Litigation Recoveries), subject to such Admitted Group Creditor first complying with the Initial Distribution Requirements or the Subsequent Distribution Requirements (as applicable).

• Except as otherwise provided in the “Treatment” sections in Article III hereof or as ordered by the Bankruptcy Court, on the Initial Distribution Date (or if a Claim is not an Allowed Claim on the Effective Date, on the Subsequent Distribution Date occurring after such Claim becomes an Allowed Claim, or as soon as reasonably practicable thereafter), each Holder of an Allowed Claim shall receive the full amount of the distributions that this Plan provides for Allowed Claims in the applicable Class.

• Dual sample sets are collected for the purposes of conducting an Initial Distribution System Evaluation (40 CFR Part 141, Subpart U) and for determining compliance with the TTHM and HAA5 MCLs under the Stage 2 Disinfection Byproducts Requirements (40 CFR Part 141, Subpart V).

More Definitions of Initial Distribution

Initial Distribution means the distribution made pursuant to Section 4.2 of the Plan;

Initial Distribution means the first Distribution to holders of Allowed Claims.

Initial Distribution means the initial distribution of assets to the holders of Allowed Claims on the Effective Date pursuant to Section 8.2.

Initial Distribution shall have the meaning set forth in Section 9.3.

Initial Distribution has the meaning specified therefor in the definition of “Reorganization” in this Section 1.1.

Initial Distribution means the issuance of shares of Class A common stock and Class B common stock of the Company to the holders of Extendicare Inc. Subordinate Voting Shares and Multiple Voting Shares, respectively, on the Effective Date pursuant to the Plan of Arrangement to be filed by Extendicare Inc. with Canadian authorities in connection with, among other things, the Company’s separation from Extendicare Inc.

Initial Distribution means the first distribution of Available Cash to Holders of Allowed Claims that occurs on or after the Effective Date.