Post Effective Date Reserve definition

Post Effective Date Reserve means a reserve established by the Plan Administrator in accordance with Article IV.D hereof in an amount to satisfy the Wind Down Budget.
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Post Effective Date Reserve means any reserve established by the Plan Administrator in accordance with Article IV.E.1. hereof and funded from Distributable Cash, proceeds from the sale, disposition or other monetization of the assets of the Debtors or the Wind- Down Debtor, as applicable (including any Insurance Action Proceeds and residual amounts in the Disputed Claims Reserve and the Professional Fee Escrow Account) and any other Cash not required to be otherwise allocated under the Plan.
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Post Effective Date Reserve means the reserve funded by the Operating Debtors to ensure sufficient funds to pay the expenses incurred by the Post-Effective Date Debtor or the Plan Administrator, which shall be in an amount reasonably acceptable to the Committee and the Lease Trustee.
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Examples of Post Effective Date Reserve in a sentence

  • Any amounts remaining in any Reserve after payment of all Claims contemplated by such Reserve in full shall promptly be transferred to the Post Effective Date Reserve and shall be distributed according to the priority set forth in Article III without any further action or order of the Court.

  • The Post Effective Date Reserve shall be used by the Plan Administrator solely to satisfy the distributions set forth herein, the expenses of the Wind-Down Debtors and the Plan Administrator as set forth in the Plan; provided that all costs and expenses associated with the winding up of the Wind-Down Debtors and the storage of records and documents shall constitute expenses of the Wind-Down Debtors and shall be paid from the Post Effective Date Reserve.

  • The Plan Administrator may create reserve-specific segregated accounts from the Post Effective Date Reserve in accordance with its business judgment, and may move Distributable Cash into the Post Effective Date Reserve at any time to the extent needed, in the Plan Administrator’s business judgement, to cover unanticipated costs of the Wind-Down.

  • When all Allowed Professional Fee Claims have been irrevocably paid in full to the Professionals pursuant to one or more Final Orders of the Bankruptcy Court, any remaining funds held in the Professional Fee Escrow Account shall promptly be transferred to the Post Effective Date Reserve.

  • Allowed Other Priority Claims shall be paid from the Post Effective Date Reserve.

  • When all Allowed Professional Fee Claims have been irrevocably paid in full to the Professionals pursuant to one or more Final Orders of the Court, any remaining funds held in the Professional Fee Escrow Account shall promptly be transferred to the Post Effective Date Reserve and such funds shall be deemed Distributable Cash for all purposes hereunder.

  • The Plan Administrator may reserve specific amounts from the Post Effective Date Reserve for specific purposes in accordance with its business judgment and the Plan.

  • The Plan Administrator shall remove funds from the Disputed Claims Reserve as any applicable Disputed Claims are resolved, which funds shall be either Distributed to such Holders of now-Allowed Claims to the extent Allowed as provided in this Plan or transferred into the Post Effective Date Reserve to the extent such Disputed Claims are disallowed.

  • The Post Effective Date Reserve will be funded with an amount of Cash it deems necessary or appropriate to satisfy future costs and expenses necessary for the implementation of the Plan and discharge of its duties hereunder that will at least cover the costs of the Wind-Down Budget.

  • The Debtor’s Representative shall maintain insurance coverage with respect to the liabilities and obligations of the Debtor’s Representative, the Debtor and the Board under the Plan (in the form of an errors and omissions policy or otherwise), the cost and expense of which shall be paid by the Debtor from the Post Effective Date Reserve.


More Definitions of Post Effective Date Reserve

Post Effective Date Reserve means the sum of $50,000 to be reserved by Liquidating Agent. Such funds shall be used to pay post Confirmation Date fees and expenses of the Liquidating Agent and the Professional Persons retained in the Jointly Administered Debtors' Cases for the objections to Claims, distributions to Claimants and the pursuit of Bankruptcy Actions.
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Post Effective Date Reserve means any reserve established by the Plan Administrator in accordance with Article IV.D.4 hereof and funded from Distributable Cash.
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Post Effective Date Reserve means any reserve established by the Plan Administrator in accordance with Section 7.4 hereof and funded from Cash available in the Estates on the Effective Date. For the avoidance of doubt, the Post Effective Date Reserve shall include the Wind-Down Amount.
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Post Effective Date Reserve means any reserve established by the Plan
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Post Effective Date Reserve means the reserve funded by the Operating Debtors to ensure sufficient funds to pay the expenses incurred by the Post-Effective Date Debtor or the Plan Administrator.
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Related to Post Effective Date Reserve

  • Amendment and Restatement Effective Date means June 28, 2018, the date the amendments and restatements to the Plan of May 7, 2018 are subject to approval by the Company’s stockholders at the Company’s 2018 Annual Meeting.

  • Cost-effective means that the expenditures pursuant to

  • Restatement Effective Date has the meaning assigned to such term in the Amendment and Restatement Agreement.

  • Cost-effectiveness means the ability of a particular product or service to efficiently provide goods or services to the State. In determining the cost effectiveness of a particular product or service, the appropriate chief procurement officer shall list the relevant factors in the bid notice or solicitation and use only those listed relevant factors in determining the award.

  • Amendment Effective Date is defined in Article III.

  • Target Effective Date has the meaning specified in Section 2.01(a).

  • Second Restatement Effective Date has the meaning specified in the Second Amendment Agreement.

  • First Amendment Effective Date has the meaning assigned to such term in the First Amendment.

  • Contract Effective Date means the date agreed upon by the parties for beginning the period of performance under the contract. In no case shall the effective date precede the date on which the contracting officer or designated higher approval authority signs the document.

  • SEC Effective Date means the date the Registration Statement is declared effective by the Commission.

  • IPO Effective Date means the date upon which the Securities and Exchange Commission declares the initial public offering of the Company's common stock as effective.

  • Settlement Effective Date means the date on which the Final Order is Final, provided that by such date the Settlement has not been terminated in accordance with Article 11.

  • Second Amendment Effective Date has the meaning assigned to such term in the Second Amendment.

  • Third Amendment Effective Date shall have the meaning provided in the Third Amendment.

  • Fifth Amendment Effective Date shall have the meaning provided in the Fifth Amendment.

  • Assignment Effective Date as defined in Section 10.6(b).

  • Eighth Amendment Effective Date shall have the meaning provided in the Eighth Amendment.

  • Post-Effective Limit means (x) the minimum number of Shares that would give rise to reporting or registration obligations (except for any filing requirements on Form 13F, Schedule 13D or Schedule 13G under the Exchange Act, in each case, as in effect on the Trade Date) or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or would result in an adverse effect on a Dealer Person, under the Applicable Provisions, as determined by Dealer in its reasonable discretion, minus (y) 1.0% of the number of Shares outstanding.

  • Agreement Effective Date means the date on which the conditions set forth in Section 2 have been satisfied or waived by the appropriate Party or Parties in accordance with this Agreement.

  • Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.

  • Fourth Amendment Effective Date has the meaning assigned to such term in the Fourth Amendment.

  • Sixth Amendment Effective Date shall have the meaning provided in the Sixth Amendment.

  • Seventh Amendment Effective Date has the meaning set forth in the Seventh Amendment.

  • Eleventh Amendment Effective Date has the meaning set forth in Section 4 of the Eleventh Amendment.

  • Tenth Amendment Effective Date has the meaning assigned to such term in the Tenth Amendment.

  • Increase Effective Date has the meaning specified in Section 2.14(d).