Priority Claims Reserve Amount means an amount equal to the total amount of Allowed Priority Claims (except for Professional Fee Claims, the TSA Shortfall Claim, and the Independent Director Fee Claims), and Disputed Priority Claims estimated by the Debtors in good faith (in consultation with HBC Parties and the Committee) to become Allowed Priority Claims.
Priority Claims Reserve Amount means the aggregate face amount of all Claims, including Other Priority Claims and Priority Tax Claims, but excluding Administrative Claims, that are either (a) identified in the Schedules as entitled to priority in right of payment under section 507(a) of the Bankruptcy Code, or (b) asserted to be entitled to such priority in a proof of claim validly submitted on or before the Claims Bar Date, less the face amount of any such Claims identified by the Debtors in their reasonable discretion as duplicative of other such Claims; provided that the Debtors shall disclose the Priority Claims Reserve Amount in a document filed with the Bankruptcy Court no later than seven (7) days before the Confirmation Hearing.
Priority Claims Reserve Amount means (i) under the Equitization Restructuring, the lesser of (a) an amount equal to the total amount of Allowed Administrative Claims (excluding Professional Fee Claims and DIP Claims) and Allowed Priority Claims and (b) any remaining Cash on hand as of the Effective Date less (x) the Minimum Liquidity Threshold and (y) Cash necessary to make distributions to (i) Holders of all other Allowed Claims pursuant to Article II hereof (including the funding of the Professional Fee Escrow Account) and (ii) Holders of Allowed Other Secured Claims and Holders of Allowed Term Loan Secured Claims (pursuant to the priority set forth in the Credit Agreement, up to the amount of the Allowed Term Loan B Claims) pursuant to Article III hereof; and (ii) under the Asset Sale Restructuring, the lesser of (a) an amount equal to the total amount of Allowed Administrative Claims (excluding Professional Fee Claims and DIP Claims) and Allowed Priority Claims and (b) the sum of (x) an amount agreed to by the Debtors and the Credit Agreement Primary Agent, (y) the Allowed Surcharge, and (z) the Distribution Proceeds, to the extent known on the Effective Date, to be allocated and paid to the Holders of Allowed Administrative Claims (excluding Professional Fee Claims and DIP Claims) and Allowed Priority Claims according to the priority set forth in Article VIII.G.
Examples of Priority Claims Reserve Amount in a sentence
The Priority Claims Reserve Amount shall be used to pay Holders of all Allowed Priority Claims and Allowed Administrative Claims (excluding Professional Fee Claims and DIP Claims) their respective Pro Rata share of the Priority Claims Reserve, to the extent that such Priority Claims and Administrative Claims have not been paid in full on or before the Effective Date.
On the Effective Date, the Residual Estate Assets, including the Liquidating Trust Cash, the Disputed Priority Claims Reserve Amount and the Disputed General Unsecured Claims Cash Reserve Amount shall be transferred to the Liquidating Trust.
The results are shown in Screen 5-1, which shows the probability density plots for a GSD of 1.70.
The Plan provides for the payment of priority and administrative obligations from Administrative / Priority Claims Reserve Amount.
On the Effective Date, the Plan Administrator shall establish the Priority Claims Reserve by depositing Cash in the amount of the Initial Priority Claims Reserve Amount and the Additional Priority Claims Reserve Amount into the Priority Claims Reserve.
More Definitions of Priority Claims Reserve Amount
Priority Claims Reserve Amount means Cash in an amount to be determined by the Debtors in consultation with the Holders of Credit Facility Claims, as set forth in the Plan Supplement, which amount shall be funded by the Debtors and used by the Plan Administrator for the payment of Allowed Priority Claims to the extent that such Priority Claims have not been paid in full on or before the Effective Date.
Priority Claims Reserve Amount means an amount equal to the lesser of (a) an amount equal to the total amount of Allowed Priority Claims, and Disputed Priority Claims estimated by the Debtors (in consultation with the Creditors’ Committee and subject to the Creditors’ Committee’s consent (not to be unreasonably withheld)) to become Allowed Priority Claims, and (b) the Distribution Proceeds, to the extent known on the Effective Date, to be allocated and paid to the Holders of Allowed Priority Claims and Disputed Priority Claims estimated by the Debtors (in consultation with the Creditors’ Committee and subject to the Creditors’ Committee’s consent (not to be unreasonably withheld)) to become Allowed Priority Claims, according to the priority set forth in Article VIII.F.
Priority Claims Reserve Amount means Cash in an amount to be determined by the Debtors, which amount shall be funded by the Debtors and used by the Wind-Down Trustee for the full payment in Cash of Allowed Priority Claims and Allowed Administrative Claims payable pursuant to the Plan to the extent that such Priority Claims and Administrative Claims have not been paid in full on or before the Effective Date.
Priority Claims Reserve Amount means an amount equal to the lesser of (a) an amount equal to the total amount of Allowed Priority Claims, and Disputed Priority Claims estimated by the Debtors (in consultation with the Committee, if any) to become Allowed Priority Claims, and (b) the Available Cash, after giving effect to the funding of the Professional Fee Escrow Account, to the extent known on the Effective Date, to be allocated and paid to the Holders of Allowed Priority Claims and Disputed Priority Claims estimated by the Debtors (in consultation with the Committee, if any) to become Allowed Priority Claims.
Priority Claims Reserve Amount means, with respect to each Debtor, the aggregate face amount, or estimated amount under section 502(c) of the Bankruptcy Code, if applicable, of all Claims, including Other Priority Claims and Priority Tax Claims, but excluding Administrative Expense Claims, against such Debtor that are either (i) identified in the Schedules
Priority Claims Reserve Amount means $1,425,000, which amount shall be funded by the Debtors from the following sources in the following order: (1) Available Cash on hand as of the Effective Date after the funding of the Professional Fee Escrow Account in accordance with the Pre-Effective Date Budget, (2) the Excluded Liquor License Proceeds, (3) the Remnant Liquor License Proceeds, and (4) the Retained Sale Proceeds, and shall be used by the Plan Administrator as the sole source for payment of Allowed Priority Claims and Allowed Administrative Claims payable pursuant to Articles II.A, II.D and III.B, respectively, to the extent that such Priority Claims and Administrative Claims have not been paid in full on or before the Effective Date or are not otherwise payable by the Purchaser; provided, however, that for the avoidance of doubt, such Allowed Administrative Claims payable pursuant to Article II.A do not include Professional Fee Claims, which shall be paid according to Article II.B, to the extent such Professional Fee Claims have not already been paid during the Chapter 11 Cases. The Priority Claims Reserve Amount shall be determined by the Debtors, in consultation with the Creditors’ Committee and the Administrative Agent.
Priority Claims Reserve Amount means Cash in an amount to be determined in the Debtors’ reasonable business judgment, in consultation with the Required Consenting Stakeholders, which amount shall be used by the Plan Administrator to fund the Priority Claims Reserve.