Class B Reclamation Trust Entity Interests definition

Class B Reclamation Trust Entity Interests means interests in the Reclamation Trust Entity issued to the Class B Reclamation Trust Entity Interests Agent as the beneficiary on behalf of the holders of the General Unsecured Claims of all of the Debtors in exchange for such holders’ share of Reorganized Lighthouse Equity Interests received in full and final satisfaction of such creditors’ Claims.
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Examples of Class B Reclamation Trust Entity Interests in a sentence

  • The Reclamation Trust Entity Representative shall maintain a registry of the holders of the Reclamation Trust Entity Interests, with the Class B Reclamation Trust Entity Interests Agent as the registrant on behalf of the Class B Reclamation Trust Entity Interests.

  • The Class B Reclamation Trust Entity Interests Agent shall maintain a registry of the holders of the Class B Reclamation Trust Entity Interests.

  • After distributions aggregating $750,000.00, the Class B Reclamation Trust Entity Interests shall not be entitled to any further distributions from the Reclamation Trust Entity and the Class B Reclamation Trust Entity Interests shall be cancelled.

  • The Class B Reclamation Trust Entity Interests shall not be transferable.

  • As soon as practicable after the three holders of General Unsecured Claims with the largest Allowed Claims against the Debtors is determined, such holders shall name the Class B Reclamation Trust Entity Interests Agent and provide the name, address and contact person for purposes of notice under the Reclamation Trust Entity Agreement of the Class B Reclamation Trust Entity Interests Agent to the Reclamation Trust Entity Representative.

  • COMPETITION LAWBEC has a competition law policy that constitutes the overall framework for BEC’s facilitation of and participation in cooperation between financial institutions that are mutual competitors.

  • Upon satisfaction of the Class B Distributions Cap, the Class B Reclamation Trust Entity Interests shall not be entitled to any further distributions from Lighthouse Reclamation Trust and the Class B Reclamation Trust Entity Interests shall be cancelled.

  • One director will be appointed by the Senior Secured Lenders, one will be appointed by the Sureties, one will be the Class B Reclamation Trust Entity Interests Agent or its designee (after selection of the Class B Reclamation Trust Entity Interests in accordance with the Plan), and then two independent directors will make up the last two directors.

  • The Reclamation Trust Entity Board will be composed (x) initially of four directors and (y) after the selection of the Class B Reclamation Trust Entity Interests Agent in accordance with the Plan, of five directors.

  • Lighthouse Reclamation Trust shall not have any obligation to recognize any transfer of the Class B Reclamation Trust Entity Interests occurring after the Record Date, and only those holders of the Class B Reclamation Trust Entity Interests of record as of the close of business on the date hereof shall be entitled to be recognized for all purposes hereunder.

Related to Class B Reclamation Trust Entity Interests

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Residual Interests As specified in the Preliminary Statement.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors as of the Petition Date and any options, warrants or other contractual rights to acquire any shares of stock of the Subsidiary Debtors as of the Petition Date.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Litigation Trustee means a Person to be determined by SFC and the Initial Consenting Noteholders prior to the Effective Time, with the consent of the Monitor, to serve as trustee of the Litigation Trust pursuant to and in accordance with the terms thereof.

  • Preferred Equity Interests means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.