Unclaimed Property definition

Unclaimed Property means any funds or other property to be distributed to Creditors pursuant to the Plan and the Creditors’ Trust Agreements which, after an attempted distribution, has not been received by the rightful Creditor. Unclaimed property shall include checks and any other property that have been returned as undeliverable without a proper forwarding address, or which were not mailed or delivered because of the absence of a proper address to which to mail or deliver such property.

Unclaimed Property means any funds or property distributed to Creditors (together with any interest earned thereon) which are unclaimed as of one hundred eighty (180) days after a Distribution. Unclaimed Property will include, without limitation, Cash and any other property which is to be distributed pursuant to this Plan which has been returned as undeliverable without a proper forwarding address, or which was not mailed or delivered because of the absence of a proper address to which to mail or deliver such property.

Unclaimed Property means any distribution under the Plan that is unclaimed by the holder of the Allowed Claim entitled to such distribution ninety (90) days after the distribution date applicable to such distribution.

Examples of Unclaimed Property in a sentence

• If the monies represented by your check is sent to the Controller’s Unclaimed Property, you should consult the rules of the Fund for instructions on how to retrieve your money.

• The Holder agrees that all Unclaimed Property liabilities and accompanying report will be remitted to Unclaimed Property Administration within six (6) months or the agreed extension period after the parties sign this agreement.

• If, however, another state should request information with respect to the Holder, Unclaimed Property Administration will honor the exchange agreement that it has with the requesting state.

• In this regard Unclaimed Property Administration retains its authority to review the records covered by the property reported under this agreement and periods not subject to this agreement.

• Unclaimed Property Administration and the Holder both agree that a one-time interest charge, at a rate of 5.35% will be assessed on the property that is past due on the report.

More Definitions of Unclaimed Property

Unclaimed Property means any cash, Distribution, or any other property of the Debtors unclaimed for a period of one (1) year after the applicable Initial Distribution Date.

Unclaimed Property means all Cash deemed to be “Unclaimed Property” pursuant to Article VIII(E) of the Committee’s Plan.

Unclaimed Property means any distribution to any Creditor under this Plan that is unclaimed sixty (60) days following the date of such distribution under this Plan.

Unclaimed Property means any distribution to Creditors under this Plan that are unclaimed thirty (30) days following the date of such distribution under this Plan.

Unclaimed Property means unclaimed Cash or other property held by the Disbursing Agent under the Disbursing Agent Agreement and any Distributions returned to or otherwise held by the Disbursing Agent on the Forfeiture Date as well as any other Distributions not claimed on or before the Forfeiture Date.

Unclaimed Property means any distribution of Cash or any other Property made to the Holder of an Allowed Claim or Allowed Interest pursuant to this Plan that (a) is returned to the Reorganized Debtors as undeliverable and no appropriate forwarding address is received within the later of (y) one (1) year after the Effective Date and (z) one (1) year after such distribution is made to such Holder or (b) in the case of a distribution made in the form of a check, is not negotiated and no request for reissuance is made as provided for in Section 5.09 of this Plan.

Unclaimed Property means any distribution (a) of Cash or any other Property made to the Holder of an Allowed Claim pursuant to the Plan that is returned to the Debtor or the Reorganized Debtor as undeliverable and no appropriate forwarding address is received prior to the date on which the Final Decree is entered in the Chapter 11 Case, or (b) in the case of a distribution made in the form of a check, is not negotiated and no request for reissuance is made as provided for in section 5.05 of this Plan.