Plan Funding Amount definition

Plan Funding Amount means the amount needed by the Corporation, in excess of the Cash on Hand at the Effective Time, to fund the General Unsecured Creditor Pool and the Unresolved Claims Reserve in accordance with Article 5, to pay all amounts set out in Section 6.2 hereof to the extent they are not already paid prior to the Effective Time, to make any other payments to be made by the Corporation pursuant to or as otherwise contemplated by the Plan and the Stakeholder Agreements and to leave the Corporation with not less than $5 million in cash immediately after the Effective Time.
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Plan Funding Amount means the amount needed by the Hematite Group, in excess of the Cash on Hand at the Effective Time, to fund the Creditor Distribution Pool (including the Unresolved Claims Reserve) in accordance with Article 5, to fund the Administration Reserve, to pay all amounts set out in Section 6.2 to the extent they are not already paid prior to the Effective Time, to make any other payments to be made by the Hematite Group pursuant to or as otherwise contemplated by the Plan, and to leave the Hematite Group with a sufficient amount of cash for working capital purposes immediately after the Effective Time as determined by the Hematite Group and the Plan Sponsor in accordance with the Plan Sponsor Agreement.
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Plan Funding Amount means $7,291,000.
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Examples of Plan Funding Amount in a sentence

  • The Committee may, in the exercise of its discretion, determine that the aggregate amount of all Awards granted to Covered Officers with respect to a calendar year shall be less than the Plan Funding Amount for such year, but the excess of such Plan Funding Amount over such aggregate amount of Awards granted to Covered Officers shall not be available for any Awards to Covered Officers with respect to future years.

  • This policy applies to all College employees and extends to associates and students (including undergraduates).

  • On the Effective Date, the Plan Funding Amount and any Estate non-Cash Retained Assets shall vest in the Post- Effective Date Debtor for the purpose of liquidating the Estate and Consummating the Plan.

  • The Plan Funding Amount and such non-Cash Retained Assets shall be held free and clear of all liens, Claims, and Interests of Holders of Claims and Interests, except as otherwise provided in the Plan.

  • Plan Funding Amount: With respect to any year, 2.5% of Net Cash Provided by Operating Activities for such year, as adjusted as provided in Section 4.2(b), but not to exceed 2.75% of Net Cash Provided by Operating Activities for such year.

  • Participant Share: The percentage of the Plan Funding Amount assigned to a Covered Employee by the Committee.

  • Any Distributions to be made under the Plan from the Plan Funding Amount or Retained Assets other than the Pre-petition Senior Claims Distribution Amount shall be made by the Wind-Down Administrator or his, her or its designee.

  • Participant Share: The percentage of the Plan Funding Amount assigned to a Covered Officer by the Committee.

  • Plan Funding Amount: With respect to any year, two and one-half percent of Net Cash Provided by Operating Activities for such year.

  • The Committee shall have full authority to interpret the Plan and from time to time to adopt such rules and regulations for carrying out the Plan as it may deem best; provided, however, that except for increases in the Plan Funding Amount provided for in Section 4.2(b), the Committee may not exercise any authority otherwise granted to it hereunder if such action would have the effect of increasing the amount of an Award to any Covered Officer.


More Definitions of Plan Funding Amount

Plan Funding Amount means with respect to any Award Year an amount equal to six percent of Net Income for such year.
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Plan Funding Amount means the aggregate amount of up to $370,000 (exclusive of the Tax Reserve Amount) plus an amount necessary to pay any and all valid and unpaid ordinary course expenses of the Receiver incurred in connection with the management and operation of the Property prior to the Effective Date (other than Receiver Claims or Compensation and Reimbursement Claims), which such amount shall be funded out of cash on hand of the Receiver that is turned over and transferred to GECMC in accordance with this Plan and/or funds advanced to GECMC from the Trust.
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Plan Funding Amount means $1,000,000.
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Related to Plan Funding Amount

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.

  • Funding Amount has the meaning specified in Section 3.2(a).

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”

  • Aggregate Senior Percentage With respect to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is equal to the aggregate Class Certificate Balance of the Senior Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all the Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to that prior Due Date).

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Funded Amount means, with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Collateral Obligation at any time, the aggregate principal amount of advances or other extensions of credit to the extent funded thereunder by the Issuer that are outstanding at such time.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Contribution Amount has the meaning given in subsection 444-90(1A) in Schedule 1 of the Australian Taxation Administration Act 1953 (Cth).

  • Contribution Amounts the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution Indebtedness pursuant to Subsection 8.1(b)(xi).

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.09(b) as a result of the delivery of a Reinvestment Notice.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the September 2003 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the March 2004 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferors may determine by written notice to the Trustee and the Servicer. For this purpose, the "Excess Spread Percentage" for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Aggregate Excess Funding Amount has the meaning specified in Section 2.2(c)(iv).

  • Group I Senior Percentage As of each Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) in Loan Group I immediately prior to such Distribution Date.