Subsequent Distribution Date definition
Examples of Subsequent Distribution Date in a sentence
The Plan Administrator shall make additional distributions from the appropriate account or Reserve to holders of Allowed Claims on any Subsequent Distribution Date when and as required under the Plan and this Agreement.
On each Subsequent Distribution Date, after application of Section 2.2 and after reserving for any Proposed Reallocation pursuant to Section 2.1(d) that has not yet been finally approved or rejected, all Plan Consideration in the General Account shall be distributed to the holders of Allowed Claims against ACC or transferred to the ACC Disputed Claims Reserves as provided in the Plan.
All Class A Membership Units transferred by Edison to holders of disputed claims pursuant to the Plan of Reorganization on any Subsequent Distribution Date shall be deemed for purposes of this Members Agreement to have been issued in exchange for Class B Membership Units and distributed at the end of the last day of the preceding fiscal quarter.