Creditor Trust Assets definition

Creditor Trust Assets means the State Law Avoidance Claims and any Cash contributed to the Creditor Trust.

Creditor Trust Assets means, collectively, (a) the Assigned Causes of Action, (b) the GUC Available Cash, (c) the Techakraisri Payment, (d) the Finch Payment, and (e) other assets that may be transferred or otherwise provided, directly or indirectly, to the Creditor Trust on or after the Effective Date by any Person.

Creditor Trust Assets means (i) all Creditor Assets, (ii) all proceeds of Creditor Assets, including interest thereon accruing from and after the Effective Date, (iii) all Litigation Assets, and (iv) all Litigation Assets Proceeds, including interest thereon accruing from and after the Effective Date.

Examples of Creditor Trust Assets in a sentence

• Any and all proceeds generated from the Creditor Trust Assets shall be the property of the Creditor Trust.

• Any transfer of the Creditor Trust Assets to the Creditor Trust shall be exempt from any stamp, real estate transfer, mortgage reporting, sales, use or other similar tax to the extent permitted under section 1146(a) of the Bankruptcy Code.

• No holder of a Claim shall have recourse to the Reorganized Debtors (or any property of the Reorganized Debtors) or the Creditor Trust (or any of the Creditor Trust Assets), other than with regard to the enforcement of rights or Distributions under this Plan, and the transactions contemplated thereby and by the Definitive Documents.

• The Creditor Trustee shall have the absolute right to pursue or not to pursue any and all Creditor Trust Assets and or Creditor Trust Claims as it determines is in the best interests of the beneficiaries of the Creditor Trust, and consistent with the purposes of the Creditor Trust, and shall have no liability for the outcome of its decision except for any damages caused by willful misconduct or gross negligence.

• After the Effective Date, the Debtors and the Reorganized Debtors shall have no interest in the Unsecured Creditor Trust Assets.

More Definitions of Creditor Trust Assets

Creditor Trust Assets means the Assets to be transferred to and vested in the Creditor Trust pursuant to the Plan and the Confirmation Order, plus all proceeds, earnings and replacements arising from or relating to those Creditor Trust Assets and all assets acquired by the Creditor Trust at any time. The Creditor Trust Assets include, without limitation:

Creditor Trust Assets means the Creditor Trust Claims, the Creditor Trust Funds, and any other assets acquired by the Creditor Trust after the Effective Date or pursuant to the Plan.

Creditor Trust Assets means those assets to be transferred to and vested in the Creditor Trust pursuant to this Plan and the Confirmation Order, plus all proceeds, earnings and replacements arising from or relating to these assets and all assets acquired by the Creditor Trust at any time. The Creditor Trust Assets shall include (but not be limited to): (i) all Cash held by the Debtor (less any Cash paid or to be paid on account of unpaid Allowed Professional Fee Claims); (ii) the Debtor’s remaining property, including accounts or any other tangible or intangible personal property and any and all proceeds thereof; (iii) the Debtor’s outstanding accounts receivable; (iv) the Debtor’s right, title and interest in and to all Causes of Action and any proceeds therefrom; and (v) all books and records related to the Debtor or its Estate. The Creditor Trust Assets shall not include any carve-outs from collateral of the Lenders, including without limitation amounts held by Professionals as carve-outs from the Lenders’ collateral to be used to compensate Professionals for their fees and expenses.

Creditor Trust Assets means all assets transferred to or acquired by the Creditor Trust including without limitation (i) all Estate Property as of the Effective Date; (ii) all Cash of the Debtor; (iii) all Accounts Receivable of the Debtor; (iv) all rights to collect assessments owed to the Debtor; (v) the D.R. Horton Proceeds; and (vi) all beneficial rights under the D.R. Horton Settlement.

Creditor Trust Assets means and collectively refers to (a) the pro rata share with the Class 5A Escrow of the Plan Cash as determined in Section 8.03 below; (b) pro rata share with the Class5A Escrow of the Net Non-Exempt Asset Sale Proceeds or Non-Exempt Assets; (c) the Litigation Claims, including the Litigation Claim Proceeds; and (d) pro rata share with the Class 5A Escrow of the Effective Date Holdback or any Creditor Trust Rebates, as and to the extent provided in Section8.07 of this Plan.

Creditor Trust Assets means the Creditor Note, which includes the Confirmation Payment, the Litigation Put, the Litigation Recovery Share, and the Transferred Preference Claims.

Creditor Trust Assets means those assets contributed to a Creditor Trust intended to satisfy the Claims of the beneficiaries of the Creditor Trust.