Creditor Trust Interests definition

Creditor Trust Interests means the beneficial interests in the Creditor Trust to be deemed distributed to holders of Allowed General Unsecured Claims.
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Creditor Trust Interests means the beneficial interests in the Creditor Trust to be issued to the holders of Allowed Unsecured Claims under the Plan, which will not be certificated, will not be tradeable (except as provided in the Creditor Trust Declaration) and will be evidenced in the records of the Creditor Trust.
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Creditor Trust Interests means the non-certificated beneficial interest of a Creditor Trust allocable to holders of Allowed Claims and/or Equity Interests in accordance with the terms and conditions of a Creditor Trust Agreement, which may or may not be transferable.
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Examples of Creditor Trust Interests in a sentence

  • To the extent the interests in the Creditor Trust Interests are deemed to be “securities,” the issuance of such interests under the Plan are exempt, pursuant to section 1145 of the Bankruptcy Code, from registration under the Securities Act of 1933, as amended, and any applicable state and local laws requiring registration of securities.

  • Section 1145 of the Bankruptcy Code shall be applicable to the issuance of the Creditor Trust Interests, if any.

  • The issuance and distribution of physical Creditor Trust Interests (if any) pursuant to the terms of the Creditor Trust Agreement is authorized without the need for any further corporate action or without any further action by the holders of any claims.

  • To the extent provided in section 1145 of the Bankruptcy Code and under applicable nonbankruptcy law, the issuance under the Plan of the Creditor Trust Interests will be exempt from registration under the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, pursuant to section 7(a) and 7(b) of that Act, and all rules and regulations promulgated under any of the foregoing.

  • All Creditor Trust Interests to be issued shall be deemed issued as of the Effective Date regardless of the date on which they are actually distributed.

  • On the Distribution Date, the Creditor Trustee shall issue the Creditor Trust Interests for distribution pursuant to the provisions hereof and the Creditor Trust Agreement.

  • Each Holder of a Class 4 General Unsecured Claim shall receive its Pro Rata share of the Unsecured Creditor Trust Interests.

  • Any recoveries on account of the Creditor Trust Assets shall be distributed to holders of Creditor Trust Interests in accordance with the Plan and the Creditor Trust Agreement.

  • Except as hereafter provided and/or as may be agreed to between the Debtor and the holder of any Allowed Unsecured Claim, the holders of Allowed Unsecured Claims, in full and final satisfaction, release and settlement of such Allowed Unsecured Claims, shall from time to time receive Pro Rata distributions of Cash from the Net Proceeds and a Pro Rata share of the Creditor Trust Interests.

  • Immediately thereafter, on behalf of Allowed General Unsecured Claims, the Plan Administrator shall transfer such Creditor Trust Assets to the Creditor Trust in exchange for Creditor Trust Interests for the benefit of holders of Allowed General Unsecured Claims in accordance with the Plan.


More Definitions of Creditor Trust Interests

Creditor Trust Interests means all beneficial interests in the Creditor Trust.
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Related to Creditor Trust Interests

  • Pledged Trust Interests means all interests in a Delaware business trust or other trust including, without limitation, all trust interests listed on Schedule 4.4(A) under the heading “Pledged Trust Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such trust interests and any interest of such Grantor on the books and records of such trust 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 trust interests.

  • Trust Interest means an account owner's interest in the trust created by a participating trust

  • 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.

  • Grantor Trust means a Trust other than a RIC.

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • REMIC I Certificates The Class R-I Certificates.

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.

  • 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.

  • Residual Interests As specified in the Preliminary Statement.

  • 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).

  • COFI Certificates As specified in the Preliminary Statement.

  • Residual Certificates As specified in the Preliminary Statement.

  • REMIC III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.

  • Group II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.

  • Class B Interests As set forth in the Trust Agreement.

  • 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.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Group III Certificates The Group III-A Certificates.

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

  • Group I Certificates The Class A-1 Certificates.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).