Unsecured Creditor Pool definition

Unsecured Creditor Pool means those funds available for distribution on account of Unsecured Claims after payment of the other amounts hereunder, Unaffected Claims and Administrative Fees and Expenses.
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Unsecured Creditor Pool means a number of shares of New Common Stock to be distributed to Holders of (a) General Unsecured Claims and (b) the Retiree Settlement Unsecured Claim equal to 40 million minus the aggregate number of shares of New Common Stock issued or reserved for issuance to Holders of Allowed Second Lien Notes Claims under the Plan.5
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Examples of Unsecured Creditor Pool in a sentence

  • The Monitor shall hold the Unsecured Creditor Pool and shall distribute such Cash in the Unsecured Creditor Pool, in accordance with Article 7 hereof.

  • On the Implementation Date and in accordance with this Plan, each Convenience Class Creditor who has complied with the terms of this Plan shall be entitled to receive a distribution of the lesser of (i) the amount of the Cash Elected Amount and (ii) the amount of such Convenience Class Creditor’s Proven Claim from the Unsecured Creditor Pool.

  • Presently pending before this Court is Defendant’s Motion to Dismiss, Plaintiff’s Motion to Strike Offer of Judgment, and Plaintiff’s Motion for Leave to File Supplement to Plaintiff’s Opposition to Defendant’s Motion to Dismiss.

  • Once all Disputed Distribution Claims have been finally resolved in accordance with this Plan and the Claims Procedure Order, if any Cash remains in the Unsecured Creditor Pool the Monitor, shall, on the Final Distribution Date, make a further and final distribution to General Unsecured Creditors with Proven Claims in an amount necessary to make all distributions made under this Plan equal to such Creditor’s Pro Rata Share.

  • At the Effective Time and in accordance with the sequence of steps set out in Section 4.2 hereof, the Corporation will deliver to the Monitor, in trust, from Available Cash, the General Unsecured Creditor Pool from which cash distributions will be made to General Unsecured Creditors with Proven Claims on and subject to the terms of Article 6.

  • The Monitor will hold the General Unsecured Creditor Pool in trust for the Corporation, and will oversee the distribution of funds from the General Unsecured Creditor Pool by the Corporation in accordance with the provisions of Article 6.

  • Gilberto Giménez 6 said that “Identity can be defined as a subjective and often self-reflexive process by which individual subjects define their differences with respect to other subjects through the self-assignment of a repertoire of cultural attributes that are generally valued and relatively stable over time”.

  • Section 2 states the terms for the funding of the Unsecured Creditor Pool.

  • Any other employee claims (such as unpaid vacation pay and wages)5 are subject to the Proposal and former employees must file a proof of claim in order to be entitled to receive a distribution from the Unsecured Creditor Pool.

  • ARTICLE 2 – PURPOSE AND EFFECT OF THIS PROPOSAL 2.01 PurposeThe primary purpose of this Proposal is to effect one or more distributions from the Unsecured Creditor Pool to holders of proven Unsecured Claims in accordance with their pro rata share, meaning the value that such proven Unsecured Claim bears to the total value of all proven Unsecured Claims.

Related to Unsecured Creditor Pool

  • Unsecured Creditor means the holder of an Unsecured Claim.

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

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.

  • 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.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Unsecured Loan means any Loan other than a Secured Loan.

  • 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

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Exercise Any Secured Creditor Remedies or “Exercise of Secured Creditor Remedies” shall mean, except as otherwise provided in the final sentence of this definition:

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Senior Lender means each holder of a Senior Note.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Secured Hedge Agreement means any Swap Contract permitted under Section 7.03(f) that is entered into by and between any Loan Party or any Restricted Subsidiary and any Hedge Bank.

  • Secured Credit Document means (i) the Credit Agreement and each other Loan Document (as defined in the Credit Agreement), (ii) each Initial Additional First Lien Document and (iii) each Additional First Lien Document.

  • Creditor Representative means, with respect to Series 2023-2, the Indenture Trustee.

  • Second Lien Noteholders means the holders of Second Lien Notes.

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

  • ABL Loans means the “Loans” as defined in the ABL Credit Agreement.