Liquidation Trust Funding definition

Liquidation Trust Funding means $1,020,000 in Cash, which shall be distributed by the Reorganized Debtors on the Effective Date directly to the Liquidation Trust.
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Liquidation Trust Funding means the contribution of the amount set forth in the Wind Down Budget from the Net Sale Proceeds to fund the Liquidation Trust Expenses until all distributions required to be made to Holders of RBL Claims are made.
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Liquidation Trust Funding means Cash required to (a) make payments in accordance with the Plan to pay Liquidation Trust Expenses, Allowed Administrative Expense Claims, Allowed Professional Fee Claims, Allowed Priority Tax Claims, Allowed Class 1 Claims, Allowed Class 2 Claims, Allowed Class 3 Claims, Allowed Class 4 Claims, and Allowed Class 5 Claims; and (b) fund any other unfunded post-Confirmation reserve requirements of the Liquidation Trust (including Distribution Reserves) in connection with the Plan, any agreements, or any Order.
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Examples of Liquidation Trust Funding in a sentence

  • On the Effective Date, or as soon thereafter as is practicable, the Liquidation Trustee shall establish the Liquidation Trust Expense Fund, the funding of which may include any Liquidation Trust Assets; provided, however, that the Liquidation Trust Expense Fund may not include more than $750,000 of the Initial Liquidation Trust Funding.

  • Such remaining Cash may be utilized for payment, allocation, or reserve in accordance with the Plan for (a) unpaid or unutilized amounts for Liquidation Trust Funding or (b) any post-Confirmation reserve requirements of the Liquidation Trust in connection with the Plan, any agreements, or any Bankruptcy Court orders.

  • The Confirmation Amount minus (i) the Initial Liquidation Trust Funding and (ii) the GUC Budget Excess shall not exceed the aggregate budgeted amount of disbursements for Allowed Administrative Expense Claims, Allowed Priority Tax Claims, Allowed Non-Tax Priority Claims, Professional Fee Claims, and Allowed Other Secured Claims as set forth in the Approved Budget.

  • The assets received by the Trust included cash (consisting of Liquidation Trust Funding of approximately $5.0 million), the Causes of Action, outstanding membership interests of the Wind-Down Entity and of the Remaining Debtors, and certain other non-real estate related assets and entities.

  • For the avoidance of doubt, Cash set aside to pay unclassified Classes of Allowed Claims (other than DIP Claims) and Allowed Claims in Classes 3 and 4 shall be administered by the Liquidation Trustee but shall not be transferred to the Liquidation Trust and will not constitute Liquidation Trust Funding.

  • Liquidation Trust Funding: The Liquidation Trust Seed Funding, any cash collateral or reserves extant as of the Effective Date, and all Cash required (a) to make payments in accordance with the Plan to Administrative Claims, Professional Fee Claims, Priority Tax Claims, and Priority Claims; or (b) to fund any other unfunded post-Confirmation reserve requirements of the Liquidation Trust (including Distribution Reserves) in connection with the Plan, any agreements, or any Bankruptcy Court orders.

  • All Cash held by the Debtor on the Effective Date or the Liquidation Trust on or after the Effective Date; in each case, after payment, allocation, or reserve in accordance with the Plan for: (a) unpaid or unutilized amounts for either Liquidating Trust Expenses or Liquidation Trust Funding; and (b) any post-Confirmation reserve requirements of the Liquidating Trust in connection with the Plan, any agreements, or any Bankruptcy Court orders.

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  • Collectively, (a) the Liquidation Trust Actions, (b) the Liquidation Trust Funding, (c) Available Cash as of the Effective Date and Available Cash that is possessed by or turned over to the Liquidation Trust after the Effective Date, and (e) all other Estate Assets of the Debtor or the Liquidation Trust by any Person.

  • Such remaining Cash may be utilized for payment, allocation, or reserve in accordance with the Plan for (a) unpaid or unutilized amounts for either Liquidation Trust Expenses or Liquidation Trust Funding or (b) any post-Confirmation reserve requirements of the Liquidation Trust in connection with the Plan, any agreements, or any Bankruptcy Court Orders.


More Definitions of Liquidation Trust Funding

Liquidation Trust Funding means the contribution of the amount agreed upon by the Majority Consenting Creditors and the Debtors, as set forth in the Wind Down Budget, to fund the Liquidation Trust Expenses until all distributions required to be made under the Plan are made.
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Related to Liquidation Trust Funding

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.