Replies to post #45250 on Lehman Brothers Financial SA (LEHNQ)

[OnlyinitfortheMoney]

So in a nutshell, your position is that only the reallocation is to stop, but the "waterfall" is still in full effect for classes 3 to 9? Does that sum it up correctly?

[indepth05]

"The creditors must receive its Prorata share of available Cash "
Then, understand what is the PORs definition of "available cash"
The definition list all asset

Available Cash means

(a) all Cash of a Debtor realized from its business
operations, the sale or other disposition of its assets, the interest earned on its invested funds,
recoveries from Litigation Claims or from any other source or otherwise less

(b) the amount of Cash
(i) necessary to pay holders of Allowed Administrative Expense Claims, Priority Tax Claims, Priority Non-Tax Claims, Secured Claims, Convenience Claims and Convenience Guarantee Claims against such Debtor in accordance with the Plan, and (
ii) estimated and reserved by such Debtor to
(A) adequately fund the reasonable and necessary projected costs to carry out the provisions of the Plan with respect to such Debtor on and after the Effective Date,
(B) pay all fees payable under section 1930 of chapter 123 of title 28 of the United States Code
and
(C) fund and maintain any postpetition reserve requirements in connection with any agreements or otherwise. Available Cash shall include the applicable portions of
(i) excess amounts retained for Disputed Claims that become available in accordance with Section 8.4 of the Plan,
(ii) amounts represented by undeliverable Distributions in accordance with Section 8.7,or
(iii) amounts attributable to voided checks in accordance with Section 8.9 of the Plan.