Examples of Suspended Funds in a sentence
Under these circumstances, the Trustee believes that contributions that were meant to be invested in the Suspended Funds should be directed into the AEGON BlackRock Cash Fund, as this fund carries the lowest volatility amongst the Plan’s self-select funds, has a low likelihood of having trading suspended and is the most liquid (meaning funds can be invested and disinvested promptly).
Also included in this amount is approximately $2.25 million of Suspended Funds.
The Debtors estimate that, in the aggregate, $2,000,000.00 in Suspended Funds may be required to be released during the first 21 days of these Chapter 11 Cases.
Pursuant to the Lienholder Motion, the Debtors seek entry of interim and final orders authorizing the Debtors to pay in the ordinary course of business, (i) Operating Expenses, 6 Included in this amount is approximately $29 million of Suspended Funds.
Suspended Funds Applied To The Overpayment and Has a Remaining Outstanding Balance: If the suspended funds are insufficient to fully eliminate any overpayment, and the provider or supplier meets the requirements of 42 CFR section 405.379 "Limitation on Recoupment" provision under section1893(f) (2) of the Act, then the provider or supplier is subject to 935 Appeals rights and will be available for offset after 41 days on the remaining balance still owed to CMS.
When and to the extent the issue preventing payment of the Suspended Funds to a particular interest holder is resolved, the Debtors release the Suspended Funds in question.
The Debtors estimate that approximately $20 million of the outstanding Suspended Funds will be paid out over the next 12– 18 months.
The Suspended Funds represent amounts that are due and owing to certain Royalty Interest Holders and Working Interest Holders but are otherwise unpayable for a variety of reasons, including ongoing disputes over ownership of the underlying interest, incorrect contact information, and the delay that accompanies entering newly drilled wells into the Debtors’ accounting system.
The Debtors estimate that they owe approximately $13,100,000.00 (including Suspended Funds) to the Interest Owners on account of Interest Owner Payments relating to the prepetition period.5 To protect the Debtors’ valuable leasehold interests, the Debtors are requesting authority to pay all prepetition Interest Owner 5 These amounts exclude the amounts due and owing for Taxes.
The Debtors’ Interest Owner Payments (including Royalty Payments, Taxes, the Suspended Funds and the Gathering and Processing Charges) are calculated as the Debtors account for revenue from oil and gas production.