UCC Settlement definition

UCC Settlement means the settlement and resolution of any and all objections and claims of the Committee to the sale of the Debtors’ assets incorporated in those certain Final Orders of the Bankruptcy Court in these Chapter 11 Cases [Docket Nos. 575, 576, 579, 652], including the CA Committee Settlement.
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UCC Settlement means the settlement with the Committee as set forth herein, which settlement is agreed to and supported by the Committee.
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UCC Settlement means the settlement of the UCC’s potential objections to the DIP Facility and the restructuring transactions contemplated under the restructuring support agreement, dated as of January 16, 2024, a copy of which is filed at Docket No. 1613, the terms of which are set forth in the
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Examples of UCC Settlement in a sentence

  • Thiswould be “so that the percent change in annual load for customers, by rate class, who did and did not adopt net metering, can be compared for comparable time periods.” Id. at 9.Under the UCC Settlement, a locational value study similar to the “Location Specific Avoided Transmission and Distribution Avoided Costs Using Probablistic Forecasting and Planning Methods” performed in 2016 by Nexant, Inc.

  • As described in greater detail below, pursuant to the terms of the UCC Settlement, the Plan provides that, in addition to recoveries received from the Debtors’ Estates, Eligible Creditors in Class 6 will receive their Pro Rata Share of Support Party Funds held in the Support Party Creditor Fund.

  • The UCC Settlement would provide customer-generators the option to request installation of a revenue grade production meter, to be owned by the utility and at no cost to the customer, which would provide customers with the data necessary to participate in the REC market.

  • Id. at 4-6.Mr. Below also criticized the UCC Settlement provisions for energy export credits for customer-generators taking competitive supply service, based on the crediting of respective suppliers with sales revenues for all instantaneous imports while benefitting all suppliers through the process of adjusting retail load obligations to wholesale obligations.

  • He criticized the UCC Settlement in particular based on its implications for the “complicated process” of “truing up retail loads to wholesale,” with respect to customer-generators obtaining electric supply from a competitive electric power supplier.Id. at 110-114.

  • For the avoidance of doubt, at any time prior to the UCC Settlement Termination Date, the Required Consenting BrandCo Lenders may seek specific performance of the Creditors’ Committee’s obligations under Section 6.

  • Accordingly, the Plan provides for the assumption or rejection of executory contracts and unexpired leases that 6 I understand that, pursuant to the terms of the UCC Settlement and Section 5.19(h) of the Plan, additional modification of the Schedule of Rejected Contracts is subject to certain limitations and restrictions.

  • Id. at 11.The UCC Settlement would require the utilities to provide data, where available, on annual loads for net-metered accounts for one or more years before the customers interconnect their net metered systems along with annual average loads for comparable time periods, before and after implementation of net metering, for customers who did not adopt net metering.

  • The UCC Settlement also would eliminate netting of kWh produced by small customer-generators during the course of a monthly billing cycle, instead charging DG customers the full retail rate for all electricity imports and crediting DG customers at the approved credit amount for all electricity exports, both as recorded in the separate channels of the utility bi-directional meters.

  • The Plan incorporates several claim settlements: (i) the Plan Settlement; (ii) the UCC Settlement; (iii) the TCC/FCR Settlement; and (iv) the Debtors’ Releases.

Related to UCC Settlement

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Retail Settlement Code means the code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and customers and provides for tracking and facilitating customer transfers among competitive retailers;

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Mandatory Settlement Date means the earliest of:

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

  • Early Settlement has the meaning specified in Section 5.9(a).

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • Individual Settlement Payment means the amount payable from the Net

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • ASTC Settlement Rules means the operating rules of ASTC and, to the extent that they are applicable, the operating rules of ASX and the operating rules of the Australian Clearing House Pty Limited;

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Purchase Contract Settlement Date means [ ].