Examples of Solicitation and Distribution Agent in a sentence
Any wire transfer fees incurred by Wind Down Co or the Solicitation and Distribution Agent (as applicable) in connection with the transmission of a wire transfer shall be deducted from the amount of the recipient holder’s Allowed Claim.
In the event the holders of Allowed Class 3A General Unsecured Claims have not received payment in full on account of their Claims after the resolution of all Disputed Class 3A General Unsecured Claims, then the UCC shall direct the Solicitation and Distribution Agent to make a final Distribution to all holders of Allowed Class 3A General Unsecured Claims in an amount equal to such holders’ Pro Rata share of any remaining Segregated Funds.
Wind Down Co and the Solicitation and Distribution Agent (as applicable) shall not be required to make any final Distributions of Cash less than $50 to any holder of an Allowed Claim.
To the extent that one or more of the Debtors’ insurers agrees to satisfy a Claim in whole or in part, then immediately upon such insurers’ satisfaction, such Claim may be expunged to the extent of any agreed upon satisfaction on the Claims Register by the Solicitation and Distribution Agent without a Claims objection having to be filed and without any further notice to or action, order, or approval of the Bankruptcy Court.
Wind Down Co (at the direction of the Plan Oversight Board) shall reduce in full a Claim, and such Claim shall be Disallowed without a Claims objection having to be filed and without any further notice to or action, order, or approval of the Bankruptcy Court, to the extent that the holder of such Claim receives payment in full on account of such Claim from a party that is not the Debtors, Wind Down Co, or the Solicitation and Distribution Agent.
As Disputed Claims are resolved pursuant to Section 8 hereof, the Plan Oversight Board shall direct Wind Down Co, or solely with respect to Allowed Class 3A General Unsecured Claims, the UCC shall direct the Solicitation and Distribution Agent, to make Distributions on account of such Disputed Claims as if such Disputed Claims were Allowed Claims as of the Effective Date.
Unless Wind Down Co or the Solicitation and Distribution Agent (as applicable) receives original, properly completed copies of each form with an amount of time sufficient, in the Plan Oversight Board’s or UCC’s sole discretion (as applicable), to process in advance of a scheduled Distribution Date, the holder of an Allowed Claim that would otherwise be entitled to a Distribution shall not receive any Distribution on the applicable Distribution Date.
Wind Down Co and the Solicitation and Distribution Agent (as applicable) shall not be required to make any payment to any holder of an Allowed Claim on any Distribution Date of Cash less than $100; provided, however, that if any Distribution is not made pursuant to this Section 7.6, such Distribution shall be added to any subsequent Distribution to be made on behalf of the holder’s Allowed Claim.
As Disputed Class 3A General Unsecured Claims are resolved pursuant to this Section 8, the UCC may direct the Solicitation and Distribution Agent to make Distributions of Segregated Funds out of the Segregated Account on account of such Disputed Claims as if such Disputed Claims were Allowed Claims as of the Effective Date.
Unless Wind Down Co or the Solicitation and Distribution Agent (as applicable) receives original, properly completed copies of each form with an amount of time sufficient, in the Plan Oversight Board’s or UCC’s sole discretion (as applicable), to processin advance of a scheduled Distribution Date, the holder of an Allowed Claim that would otherwise be entitled to a Distribution shall not receive any Distribution on the applicable Distribution Date.