Wind-Down Budget means a budget to be prepared by the Debtors, and reasonably acceptable to the Deerfield Requisite Supporting Noteholders, the Unaffiliated Requisite Supporting Noteholders, and the Committee, which shall be filed with the Court as part of the Plan Supplement, and which may be amended from time to time after entry of the Confirmation Order, subject to the consent of the Oversight Committee, which consent shall not be unreasonably withheld, and which shall estimate the funds necessary to administer the Plan and wind down the Debtors’ affairs, including the costs of holding and liquidating the Estates’ remaining property, objecting to Claims, making the Distributions required by the Plan, prosecuting claims and Causes of Action that may be held by the Estates against third parties that are not released, waived or transferred pursuant to the Plan (including pursuant to Article X) or otherwise, paying Taxes, filing Tax returns, paying professionals’ fees and expenses, paying the fees and expenses of the Oversight Committee, funding payroll and other employee costs, providing for the purchase of errors and omissions insurance and/or other forms of indemnification for the Plan Administrator, and for all such items and other costs of administering the Plan, the Estates and the Liquidating Debtors (other than the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Professional Fee Reserve).

Wind-Down Budget means that certain budget governing the fees, expenses, and disbursements required for the Wind Down.

Wind-Down Budget means the budget, which shall be satisfactory in form and substance to the Debtors, the Committee, and the Supporting Noteholders, to fund the Post-Effective-Date Reorganization Trust Matters. The Wind Down Budget shall be subject to appropriate confidentiality protections.

Examples of Wind-Down Budget in a sentence

Such annual plan and Budget shall set forth (on a quarterly basis) in reasonable detail: (A) the GUC Trust Administrator’s anticipated actions to administer the GUC Trust Assets; and (B) the anticipated fees and expenses, including professional fees, associated with the administration of the GUC Trust, a separate amount representing the anticipated fees and expenses of the GUC Trust Monitor and detail as to how the GUC Trust will budget and spend the Wind-Down Budget Cash.
Except as otherwise specifically provided in the Plan, from and after the Confirmation Date, the Debtors shall, in the ordinary course of business and without any further notice to or action, order, or approval of the Bankruptcy Court, pay in Cash the reasonable and documented legal, professional, or other fees and expenses incurred by the Professionals, subject to the Wind-Down Budget.
For the avoidance of doubt, the Reporting and Transfer Costs shall not be set forth in the Budget and shall not be paid for with the Wind-Down Budget Cash.
Notwithstanding anything herein to the contrary, if the Trust Professionals will be paid from the Wind-Down Budget Cash, prior to such retention, the GUC Trust Administrator shall identify the Trust Professionals to the DIP Lenders.
The Plan Administrator shall use commercially reasonable efforts to operate in a manner consistent with the Wind-Down Budget.

More Definitions of Wind-Down Budget

Wind-Down Budget means a budget for the reasonable activities and expenses to be incurred in winding down the Chapter 11 Cases, which budget, activities, and reasonable expenses shall be in form and substance reasonably acceptable to the Debtors and the Required Lenders.

Wind-Down Budget means the line item budget filed with the Plan Supplement prepared by the Debtor, and subject to Agent approval, estimating the funds necessary to implement and administer this Plan and wind down the Debtor’s affairs, as may be supplemented, amended or otherwise updated or modified from time to time by the Debtor and/or the Plan Administrator, as applicable, and in each case as approved by the Agent.

Wind-Down Budget means the budget for the reasonable activities and expenses to be incurred in winding down the Chapter 11 Cases and administering the Excluded Assets, which shall be subject to appropriate confidentiality protections.

Wind-Down Budget means the budget to fund the Wind Down Entities, which shall be included in the Plan Supplement, as may be updated, supplemented and amended from time to time in accordance with the terms of the Plan Supplement.

Wind-Down Budget means a budget to be agreed between the Debtors and the Requisite Consenting Creditors for the purpose of effectuating the Wind Down as may be modified from time to time.

Wind-Down Budget means a budget to be prepared by the Debtors, which shall be acceptable to the RBL Agent and the Requisite Lenders and may be modified from time to time with the consent of the RBL Agent and the Requisite Lenders, to be filed with the Plan Supplement, which budget shall estimate the funds necessary to administer the Plan (including payment in full in Cash or such other treatment as to render Unimpaired all Allowed Administrative Expense Claims (excluding DIP Claims and Fee Claims), Priority Tax Claims, Secured Claims, and Other Priority Claims), pay certain amounts under the Plan, wind down the Estates, fund the Disputed Secured and Priority Claims Reserve, and conduct the Plan Administration Process.

Wind-Down Budget means that certain budget governing the fees, expenses, and disbursements of the Plan Administrator necessary to wind down and liquidate the Post-Effective Date Debtors’ Estates after the Effective Date, which budget shall be agreed to by the Debtors and the New Tranche A Lenders and filed with the Bankruptcy Court as part of the Plan Supplement.