Liquidation Accounts definition

Liquidation Accounts means the inchoate interest of certain Seller’s depositors who were members of Affinity Bancshares, MHC, prior to its conversion to stock form (“Liquidation Account Participants”) to receive distributions upon the liquidation of Seller pursuant to applicable Law.
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Liquidation Accounts means, collectively: (a) the Trust Accounts; (b) the Additional Proceeds
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Liquidation Accounts means, collectively: (a) the Trust Accounts; (b) the Additional Proceeds Account; (c) the First Lien Reserve; (d) the Daimler Fund; and (e) any sub-accounts relating to the foregoing that may be established pursuant to Section IV.F.1.c.
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Examples of Liquidation Accounts in a sentence

  • Such Liquidation Accounts and Transition Accounts shall remain as part of the assets of the applicable Investment Account for purposes of determining the fee payable to the Trustee in accordance with such fee schedule as may apply from time to time.

  • Any gain resulting therefrom will be recognized, but only in an amount not in excess of the fair market value of the Liquidation Accounts and/or subscription rights received.

  • The Liquidation Accounts will have nominal, if any, fair market value.

  • These results were a harbinger of the challenges for small businesses after that stage of the pandemic.

  • To assist in making distributions under the Plan, the applicable Liquidation Accounts may be held in the name of one or more Third Party Disbursing Agents for the benefit of holders of Allowed Claims under the Plan, or the funds in any Liquidation Accounts may be transferred to distribution accounts.

  • The holder of an Allowed Priority Tax Claim shall not assess or attempt to collect such penalty from the Debtors, the Liquidation Trust or the Liquidation Trustee, or their respective property, including, without limitation, the Liquidation Accounts (other than pursuant to its rights as a holder of an Allowed Class 3A Claim).

  • The Third Party Disbursing Agents will invest the Cash in the Liquidation Accounts as directed by the Liquidation Trustee in accordance with the Debtors' investment and deposit guidelines; provided, however, that should the Liquidation Trustee determine, in the Liquidation Trustee's sole discretion, that the administrative costs associated with such investment will exceed the return on such investment, he may direct the Third Party Disbursing Agent to not invest such Cash.

  • The OBC Banks have established and maintained the Liquidation Accounts in all material respects in accordance with all applicable laws and regulations, and the amount of the Liquidation Accounts as of December 31, 1996 was $803,849.

  • Holding Company, Seller and Xxxxx agree to cooperate and to take all actions required by the Regulators with respect to the Liquidation Accounts to complete the Transactions in an efficient manner.

  • Seller shall consult with the Regulators to determine the amount required to be held in the Liquidation Accounts and any required distributions from the Liquidation Accounts.


More Definitions of Liquidation Accounts

Liquidation Accounts means the inchoate interest of certain of Seller’s depositors who were members of Seller prior to its conversion to stock form (“Liquidation Account Participants”) to receive distributions upon the liquidation of Seller pursuant to applicable Law. “Loan Debtor” and “Loan Debtors” means an obligor or guarantor, including a third party pledgor, with respect to the Loan Documents relating to a Loan.
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Liquidation Accounts has the meaning set forth in Section 11.11 hereof.
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Related to Liquidation Accounts

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.