Unsecured Claims Reserve definition

Unsecured Claims Reserve means the reserve of Reserved Shares and/or Cash, if any, established pursuant to Section 7.4.a for Class 9, which reserve will be maintained in trust for holders of Allowed Claims in such Class 9 and will not constitute property of any of the Reorganized Debtors.

Unsecured Claims Reserve means the reserve holding cash, if any, Reserved Shares and Reserved Warrants, if any, established pursuant to Section VI.D.1 for a Division in Class 11, which reserve will be maintained in trust for holders of Allowed Claims in such Division of Class 11 and will not constitute property of any of the Reorganized Debtors.

Unsecured Claims Reserve means New Common Stock with an aggregate value equal to 100% of the Distributions to which Holders of Disputed General Unsecured Claims would be entitled under this Plan (as of the date that the reserve is established) if such Disputed Claims were Allowed Claims, or such other amount as agreed to by the Debtors and the applicable holder of a Disputed General Unsecured Claim or as set forth in an order of the Bankruptcy Court.

Examples of Unsecured Claims Reserve in a sentence

• The applicable Disbursing Agent also will file or cause to be filed any Tax or information return related to the applicable Unsecured Claims Reserve that is required by any governmental unit.

• On the Initial Distribution Date, if the Plan Notes are issued, Reorganized AWI will establish the Disputed Unsecured Claims Reserve, pursuant to which Plan Notes not distributed on the Initial Distribution Date or on any subsequent Distribution will be issued but held in trust by the Disbursing Agent pending the resolution of Disputed Claims.

• Distributions from the General Unsecured Claims Reserve shall be available for General Unsecured Claims that are not Allowed Claims as of the Effective Date but become Allowed Claims thereafter.

• The Disbursing Agent will invest the cash held in the Unsecured Claims Reserve in a manner consistent with the Reorganized Debtors' investment and deposit guidelines.

• In lieu of distributions under the Plan to holders of Disputed Claims in Class 6, if allowed, the Unsecured Claims Reserve will be established on the Effective Date to hold property for the benefit of these Claim holders, as well as holders of Allowed Claims in Class 6.

More Definitions of Unsecured Claims Reserve

Unsecured Claims Reserve means the amount of the Unsecured Creditor Distribution funded into the Unsecured Creditor Distribution Escrow Account on the Effective Date in accordance with Article VII.B.1.

Unsecured Claims Reserve means the escrow for Reserved Shares established for Allowed Claims in Class 5, which will not constitute property of the Reorganized Debtor or any of the Reorganized Debtor Subsidiaries.

Unsecured Claims Reserve means the reserve to be established and maintained by Reorganized RoomStore pursuant to the terms hereof containing sufficient New RoomStore Common Stock to make Distributions that may be made on account of any Disputed Unsecured Claims pending the entry of a Final Order allowing or disallowing such Disputed Unsecured Claims.

Unsecured Claims Reserve means the interest-bearing account that may be established by the Liquidating Trustee and added to each time the Trustee files an objection to any Unsecured Claim, with funds deemed by the Trustee to be sufficient to pay at least the full amount of all disputed Unsecured Claim(s), or the estimated amount of such disputed Unsecured Claim(s) as determined by order of the Bankruptcy Court and the estimated costs and expenses (including anticipated professional fees and expenses) of prosecuting objections with respect to those disputed Unsecured Claims.

Unsecured Claims Reserve means the reserve of Reserved Shares, Reserved Warrants and cash, if any, established pursuant to Section VI.D.1 for Claims in Class 6, which reserve

Unsecured Claims Reserve means the reserve of Reserved \ Shares and Reserved Cash, if any, established pursuant to Section VI.D for Claims in Class 6, which reserve will be maintained in trust for holders of Allowed Claims in Class 6 and will not constitute property of any of the Reorganized Debtors while held in the Unsecured Claims Reserve.

Unsecured Claims Reserve means that reserve account established under Section 7.6(a)(i) of this Plan for the payment of distributions to Classes 4, 5, and 6.