Residual Claim definition

Residual Claim means, as of the Final Allowance Date for any Allowed Class R3 Claim against the Note Group Debtors, the amount of such Allowed Class R3 Claim plus Post-Petition thereon less the sum of the value of the HII Senior ---- Notes and Cash received with respect to such Claim.
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Residual Claim means, in respect of the Scheme Claim of the relevant Qualifying Scheme Claimant, all and any shares, rights, entitlements, benefits, claims and privileges associated with such Scheme Claim under the Scheme immediately following the First Cash Distribution Date and, for the avoidance of doubt, “Residual Claim” includes, without limitation, all rights associated with the shares held by the Exiting Scheme Claimant in any Scheme Company upon which such Scheme Claim is based;
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Examples of Residual Claim in a sentence

  • Additionally, and for the avoidance of doubt, to the extent that the DIP Superpriority Claims or the Residual Claim are indefeasibly satisfied in full in cash as a result of payment of such claims or recoveries thereon from any source, then such claims shall not be entitled to any further distributions from the liquidation trust.

  • Unless Company is notified of Residual Claim within two (2) months of when payment was due or upon the Company making the statement available, Company shall have no liability to adjust the amount of compensation owed under this Section.

  • Such payment to Scheme Claimants shall be effected in accordance with Clause 11.3.The Cash Out Settlement Amount to be paid to any Exiting Scheme Claimant accepting the Cash Out Offer will be in full and final settlement of the assignment of the relevant Residual Claim to hfc and (if relevant) DB.

  • Until the DIP Superpriority Obligations and Residual Claim are paid in full, Chase shall have (i) the right to appoint one of the members of the Board and (ii) shall have consent rights over the selection of the trustee and any replacement trustee.

  • In determining whether the $1,100,000 Benchmark has been met, any distributions to the other 2 To avoid a double recovery, any Plan Funding that is contributed to the Trust Funding as per section 5 above shall not become part of the Residual Claim.