Examples of Net Distribution Proceeds in a sentence
As discussed below, each Holder of an Allowed Unsecured Claim shall receive its Pro Rata Share of the Net Distribution Proceeds in accordance with the treatment provided for such Class described below.
Promptly after the end of such 180- day period, Parent shall notify Administrative Agent whether such investment, reinvestment or distribution occurred, and to the extent such Net Distribution Proceeds have not been so invested, reinvested or distributed, Borrowers shall promptly prepay the Obligations in the amount of such Net Disposition Proceeds not so invested or reinvested.
Class 5 (General Unsecured Claims) shall receive $7.2 million of Net Distribution Proceeds (the “ Class 5 Distribution Amount”), for distribution Pro Rata on account of the Allowed Class 5 General Unsecured Claims.
Class 4 (FS Deficiency/Unsecured Claims) shall receive $19 million of Net Distribution Proceeds (the “ Class 4 Distribution Amount”) for distribution on account of the Allowed Florida Sawmills Claim (the sole Allowed Claim in Class 4).
Timing of Payments.All Net Distribution Proceeds available for distribution on account of the Allowed Class 4 Claim ( i.e., the Florida Sawmills Claim), Allowed Class 5 Claims, and Allowed Class 6 Claims (i.e., the Affiliate Claims) as of the Effective Date shall be distributed to Holders of such Allowed Claims on or as soon as practicable after the Effective Date in accordance with the Plan.