Unsecured Creditor Distribution definition

Unsecured Creditor Distribution means, collectively, the Unsecured Creditor Cash Distribution, the Unsecured Creditor Equity Distribution and the New GMR Warrants, to be issued to holders of Allowed General Unsecured Claims Against the Guarantor Debtors under the terms hereof.
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Unsecured Creditor Distribution shall have the meaning set forth in Section 3 of this Agreement.
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Unsecured Creditor Distribution means the aggregate amount, not to exceed $100,000, of the payments to be made from the Proceeds to each Unsecured Creditor in an amount equal to 10% of its Unsecured Creditor Claim pursuant to Subsection 3.2(b), if the Plan is approved by the Required Majority.
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Examples of Unsecured Creditor Distribution in a sentence

  • In the event there is a Closing under an Asset Purchase Agreement, such Holder’s Pro Rata Share of the General Unsecured Creditor Distribution Amount, such amount to be paid to such Holder by the Liquidating Trustee from the Cash Sale Proceeds within ten (10) Business Days following the Closing.

  • Each Holder of an Allowed General Unsecured Claim not otherwise paid during the pendency of the Chapter 11 Cases (other than any Holder of a Credit Agreement Deficiency Claim) shall receive its Pro Rata share of the General Unsecured Creditor Distribution.

  • Notes Claims shall be withheld from Apax by the Debtors (the “Withheld Apax Distribution”) and instead distributed to all non-Apax Holders of Allowed Second Lien Claims, Allowed Senior Notes Claims, Allowed General Unsecured Claims, and Allowed PIK Notes Claims as part of the Other Unsecured Creditor Distribution consistent with the Other Unsecured Creditor Distribution Allocation (as defined herein).

  • Apax will be deemed to elect to receive at least $12 million of its Other Unsecured Creditor Distribution in Cash to ensure that the Withheld Apax Distribution will be $12.0 million in Cash and the Withheld Apax Distribution, to the extent reasonably practicable, will be comprised 62.5% from Cash that would have been distributed on account of Apax’s Allowed Second Lien Claims and 37.5% from Cash that would have been distributed on account of Apax’s Allowed Senior Notes Claims.

  • Items of a routine and non-controversial nature are placed on the consent agenda to allow the Board of County Commissioners to spend its time and energy on more important items on a lengthy agenda.

  • The Debtors or Reorganized Debtors will reserve and escrow $150,000 of the Other Unsecured Creditor Distribution allocated to Holders of General Unsecured Claims for the benefit of the professionals of the Committee as provided above.

  • For the avoidance of doubt, the Second Lien Distribution shall not be subject to any subordination or turnover under the Second Lien Intercreditor Agreement and the Other Unsecured Creditor Distribution shall not be subject to any subordination or turnover to the Holders of First Lien Claims.

  • UNITED STATES BANKRUPTCY JUDGE CREDITOR DISTRIBUTION TRUST AGREEMENT THIS CREDITOR DISTRIBUTION TRUST AGREEMENT (the “Agreement”) isentered into this _th day of June, 2017, by and among the Dissolving Debtors1; the Official Committee of Unsecured Creditors of the Debtors (the “Committee”); and Ted Gavin, CTP, Managing Director of GAVIN/SOLMONESE LLC in his capacity as Creditor Trustee of the SquareTwo Unsecured Creditor Distribution Trust (the “Creditor Trustee”) (collectively, the “Parties”).

  • Reporting financial results to the Board in a meaningful way including performance to budgetb.

  • Each Holder of an Unsecured Trade Claim may elect to receive either (i) its Pro Rata share of the General Unsecured Creditor Distribution, or (ii) Cash in an amount equal to 12.5% of such Holder’s Allowed Unsecured Trade Claim from the Unsecured Trade Distribution.


More Definitions of Unsecured Creditor Distribution

Unsecured Creditor Distribution means Estate Property less Plan Administration Operating Expenses, all Allowed Professional Compensation Claims, all Allowed Administrative Claims, all Allowed Secured Claims, all Allowed Priority Tax Claims, and all Allowed Priority Non-Tax Claims. A-12
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Unsecured Creditor Distribution means (a) the Unsecured Settlement Fund, less Unsecured Creditor Trust Operating Expenses; (b) fifty percent (50%) of the Net Preference Recoveries; and (c) seven and one half percent (7.5%) of the Net FedEx Recoveries.
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Related to Unsecured Creditor Distribution

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Allowed Unsecured Claim means all or that portion of an Unsecured Claim which is an Allowed Claim.

  • Security Distribution As to any Mortgage Security and Security Distribution Due Date, the amount of distribution payable to the holder of such Mortgage Security in accordance with its terms.

  • Unsecured Claim means any Claim that is not a Secured Claim.

  • Security Distribution Due Date The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms.

  • Subordinated Unit means a Limited Partner Interest having the rights and obligations specified with respect to Subordinated Units in this Agreement. The term “Subordinated Unit” does not include a Common Unit. A Subordinated Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Unsecured Claims means claims which are not secured by any property of the Debtor’s Estate and which are not part of any other class defined in this Plan.

  • General Unsecured Claim means any Claim that is not a/an: Administrative Claim; DIP Facility Claim; Professional Fee Claim; Priority Tax Claim; Secured Tax Claim; Other Priority Claim; Other Secured Claim; Intercompany Claim; Prepetition Debt Claim; or 510(b) Equity Claim.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • Allowed Secured Claim means an Allowed Claim secured by a lien, security interest or other charge against property in which the Estate has an interest, or which is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value, determined in accordance with Section 506(a) of the Bankruptcy Code, of the interest of the holder of such Allowed Secured Claim in the Estate's interest in such property, or to the extent of the amount subject to any setoff, as the case may be.

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

  • Capital Distribution means a payment made, liability incurred or other consideration given for the purchase, acquisition, redemption or retirement of any capital stock or other equity interest of any Company or as a dividend, return of capital or other distribution (other than any stock dividend, stock split or other equity distribution payable only in capital stock or other equity of the Company in question) in respect of any Company's capital stock or other equity interest.

  • Subordinate Principal Distribution Amount With respect to any Distribution Date and each Class of Subordinate Certificates, (a) the sum of (i) the product of (x) the related Subordinate Class Percentage for such Class and (y) the aggregate of the amounts calculated for such Distribution Date under clauses (1), (2) and (3) of Section 4.02(a)(ii)(Y)(A) of this Series Supplement (without giving effect to the Senior Percentage) to the extent not payable to the Senior Certificates; (ii) such Class's pro rata share, based on the Certificate Principal Balance of each Class of Subordinate Certificates then outstanding, of the principal collections described in Section 4.02(a)(ii)(Y)(B)(b) of this Series Supplement (without giving effect to the Senior Accelerated Distribution Percentage) to the extent such collections are not otherwise distributed to the Senior Certificates; (iii) the product of (x) the related Prepayment Distribution Percentage and (y) the aggregate of all Principal Prepayments in Full received in the related Prepayment Period and Curtailments received in the preceding calendar month (other than the related Discount Fraction of such Principal Prepayments in Full and Curtailments with respect to a Discount Mortgage Loan) to the extent not payable to the Senior Certificates; (iv) if such Class is the Class of Subordinate Certificates with the Highest Priority, any Excess Subordinate Principal Amount for such Distribution Date; and (v) any amounts described in clauses (i), (ii) and (iii) as determined for any previous Distribution Date, that remain undistributed to the extent that such amounts are not attributable to Realized Losses which have been allocated to a Class of Subordinate Certificates minus (b) the sum of (i) with respect to the Class of Subordinate Certificates with the Lowest Priority, any Excess Subordinate Principal Amount for such Distribution Date; and (ii) the Capitalization Reimbursement Amount for such Distribution Date, other than the related Discount Fraction of any portion of that amount related to each Discount Mortgage Loan, multiplied by a fraction, the numerator of which is the Subordinate Principal Distribution Amount for such Class of Subordinate Certificates, without giving effect to this clause (b)(ii), and the denominator of which is the sum of the principal distribution amounts for all Classes of Certificates other than the Class A-P Certificates, without giving effect to any reductions for the Capitalization Reimbursement Amount.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • Plan Distribution means a payment or distribution to Holders of Allowed Claims, Allowed Interests, or other eligible Entities under and in accordance with the Plan.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Subordinated Incentive Fee means the fee payable to the Advisor under certain circumstances if the Shares are Listed, as calculated in Section 8.07.

  • Senior Final Distribution Date For each Certificate Group, the Distribution Date on which the Class Certificate Balance of each Class of related Senior Certificates has been reduced to zero.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Administrative Expense Claim means any right to payment constituting a cost or expense of administration of the Chapter 11 Cases under sections 503(b) and 507(a)(2) of the Bankruptcy Code including, without limitation, (a) any actual and necessary costs and expenses of preserving the Estates, (b) all compensation and reimbursement of expenses to the extent Allowed by the Bankruptcy Court under section 330 or 503 of the Bankruptcy Code, (c) any fees or charges assessed against the Estates under section 1930 of chapter 123 of Title 28 of the United States Code, (d) all Claims arising under section 503(b)(9) of the Bankruptcy Code, and (e) the Prepetition Lenders Adequate Protection Claims.

  • Unsecured PHI or “PHI that is unsecured” means PHI that is not rendered unusable, 29 unreadable, or indecipherable to unauthorized individuals through the use of a technology or 30 methodology specified by the Secretary of Health and Human Services in the guidance issued on the

  • General Unsecured Claims means Claims against any Debtor that are not Secured Claims, Administrative Claims, Priority Claims, Professional Compensation Claims, Intercompany Claims, or Equity Interests.