Undeliverable Cash Trust Account definition

Undeliverable Cash Trust Account means the segregated trust account to be established and maintained by the Distribution Trustee pursuant to Sections 8.9 and 8.13 of the Plan to hold undeliverable Cash for the benefit of holders of Allowed Unsecured Claims against the Estate of AJI or the Estate of KJC otherwise entitled to such distributions.
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Undeliverable Cash Trust Account means the segregated trust account to be established and maintained by the Distribution Trustee pursuant to Sections 8.9 and
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Undeliverable Cash Trust Account means the segregated trust account to be established and maintained by the Distribution Trustee pursuant to Section V.E.2 of the Plan to hold undeliverable Cash for the benefit of holders of Allowed Claims solely from the Distribution Trust Assets.
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Examples of Undeliverable Cash Trust Account in a sentence

  • After the Effective Date, if any distribution to a holder of an Allowed Unsecured Claim is returned to the Disbursing Agent as undeliverable, the Disbursing Agent will deposit the undeliverable Cash in the Undeliverable Cash Trust Account.

  • The Disbursing Agent will hold such funds, in a book-entry sub-account in the Undeliverable Cash Trust Account, for the benefit of such holder.

  • Until such holder notifies the Disbursing Agent in writing of its then-current address, as contemplated by Section 9.2(c), no attempt will be made to deliver subsequent distributions to such holder and any such distributions that such holder would otherwise be entitled to receive instead will be transferred from the Unsecured Claims Trust Account to the Undeliverable Cash Trust Account and credited to such book-entry sub-account.

  • After the Effective Date, if any distribution to a holder of an Allowed Claim against the Estate of FLYi is returned to the Distribution Trustee as undeliverable, the Distribution Trustee will deposit the undeliverable Cash in the FLYi Undeliverable Cash Trust Account.

  • In the event such holder’s right to assert a claim for undeliverable distributions is forfeited as contemplated by Section ‎5.2.2(b), all Cash contained in such book-entry sub-account will be transferred from the Independence Undeliverable Cash Trust Account to the appropriate Independence Trust Account for redistribution to holders of Allowed Claims entitled to distributions therefrom.

  • The Distribution Trustee will hold such funds, in a book-entry sub-account in the FLYi Undeliverable Cash Trust Account, for the benefit of such holder.

  • The Distribution Trustee will hold such funds, in a book-entry sub-account in the Independence Undeliverable Cash Trust Account, for the benefit of such holder.

  • In the event such holder’s right to assert a claim for undeliverable distributions is forfeited as contemplated by Section 9.2(c)(ii), all Cash contained in such book-entry sub-account will be transferred from the Undeliverable Cash Trust Account to the Unsecured Claims Trust Account for redistribution to holders of Allowed Unsecured Claims entitled to distributions therefrom.

  • Until such holder notifies the Distribution Trustee in writing of its then-current address, as contemplated by Section ‎5.2.2, no attempt will be made to deliver subsequent distributions to such holder and any such distributions that such holder would otherwise be entitled to receive will instead be transferred from the appropriate FLYi Trust Account to the FLYi Undeliverable Cash Trust Account and credited to such book-entry sub-account.

  • In the event such holder’s right to assert a claim for undeliverable distributions is forfeited as contemplated by Section 9.2(d)(ii), all Cash contained in such book-entry sub-account will be transferred from the Undeliverable Cash Trust Account to the Unsecured Claims Trust Account for redistribution to holders of Allowed Unsecured Claims entitled to distributions therefrom.


More Definitions of Undeliverable Cash Trust Account

Undeliverable Cash Trust Account means the segregated trust account to be established and maintained by the Litigation Trustee to hold undeliverable cash for the benefit of Beneficiaries otherwise entitled thereto.
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Related to Undeliverable Cash Trust Account

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Distributable Cash means all cash, revenues and funds received by the Company from Company operations, less the sum of the following to the extent paid or set aside by the Company: (i) all principal and interest payments on indebtedness of the Company and all other sums paid to lenders; (ii) all cash expenditures incurred incident to the normal operation of the Company’s business; (iii) such Reserves as the Managers deem reasonably necessary to the proper operation of the Company’s business.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Companion Distribution Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Distributable Cash Flow means the cash flow available for distribution to Shareholders as dividends as described under “Dividends”;

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."