Creditor Trust Agreement definition

Creditor Trust Agreement means the trust agreement governing the Creditor Trust, substantially in the form contained in the Plan Supplement and in all respects in a form acceptable to the Creditors’ Committee, and otherwise consistent with the Lender Litigation Settlement; provided that such trust agreement shall include (i) a provision stating that, after the Excess Recovery Trigger Date, the holders of Deficiency Claims relating to the Senior Secured Claims and Bridge Loan Claims shall have sole control over and, subject to the right of the holders of Allowed General Unsecured Claims and 2015 Notes Claims to receive their Post-Effective Date Interest Amount, shall be entitled to any property or assets of the Creditor Trust and (ii) a provision to be agreed upon among the Settling Defendants that shall govern the manner in which the Creditor Trust may be modified after the Excess Recovery Trigger Date.

Creditor Trust Agreement means the agreement to be executed as soon as reasonably practicable after the Confirmation Date among the Debtors, the Committee, and the Creditor Trustee, which will govern the obligations of the Creditor Trustee with respect to oversight of the Distribution of the Net Proceeds of the Creditor Trust Assets, as further set forth in the Creditor Trust Agreement and the Plan.

Creditor Trust Agreement means the agreement to be executed as of the Effective Date substantially in the form filed in the Plan Supplement establishing the Creditor Trust and delineating the terms and conditions of the Creditor Trust, including the powers, rights and duties of the Creditor Trustee.

Examples of Creditor Trust Agreement in a sentence

• Pursuant to the Plan and related Unsecured Creditor Trust Agreement, the Trustee holds causes of action against the Defendant.

• In the event of any conflict between the terms of the Plan and the terms of the Creditor Trust Agreement, the terms of the Creditor Trust Agreement shall govern.

• The Oversight Committee shall monitor the activities of the Creditor Trustee and otherwise exercise such rights and duties as are set forth in the Creditor Trust Agreement.

• On the Effective Date, the Reorganized Debtors (solely in their capacity as successors to Debtors) and the Unsecured Creditor Trustee shall execute the Unsecured Creditor Trust Agreement, and shall take all steps necessary to establish the Unsecured Creditor Trust in accordance with the Plan, which shall be for the benefit of the Holders of Claims that receive beneficial interests in the Unsecured Creditor Trust.

• The Creditor Trust may be terminated earlier than its scheduled termination if (i) the Bankruptcy Court has entered a Final Order closing all of or the last of the Chapter 11 Cases pursuant to section 350(a) of the Bankruptcy Code and (ii) the Creditor Trustee has administered all Creditor Trust Assets and performed all other duties required by the Plan, the Confirmation Order, the Creditor Trust Agreement and the Creditor Trust.

More Definitions of Creditor Trust Agreement

Creditor Trust Agreement means the agreement to be executed by no later than the Effective Date among the Debtor, the Committee and the Creditor Trustee, which shall govern the obligations of the Creditor Trustee with respect to oversight of the distribution of the Net Proceeds of the Creditor Trust Assets, as further set forth in the Creditor Trust Agreement and the Plan.

Creditor Trust Agreement means the governing documentation for the Creditor Trust, substantially in the form contained in the Plan Supplement, which shall be in form and substance acceptable to the Debtors, the Committee, and Luxor and reasonably acceptable to the Required Consenting First Lien Lenders, and the Required Consenting Second Lien Lenders.

Creditor Trust Agreement means that certain Creditor Trust Agreement that is to govern the Creditor Trust, in substantially the form of such document included in the Plan Supplement, pursuant to which, among other things, the Creditor Trust Assets shall be initially conveyed to the Creditor Trust and shall ultimately govern Distributions to holders of the beneficial interests in the Creditor Trust, as set forth in, and in a manner consistent with the terms of, this Plan.

Creditor Trust Agreement means the trust agreement attached as Exhibit I.A.28.

Creditor Trust Agreement means the FEGS Creditor Trust Agreement and Declaration of Trust, establishing the terms and conditions of the Creditor Trust, substantially in the form contained in the Plan Supplement.

Creditor Trust Agreement means the Trust Agreement which establishes the Creditor Trust.

Creditor Trust Agreement means the trust agreement that documents the powers, duties and responsibilities of the Creditor Trust and the Creditor Trustee.