Creditor Trustee definition

Creditor Trustee means the person or entity, solely in the capacity as trustee of the Creditor Trust, selected by the Creditors’ Committee and approved by the Bankruptcy Court at the Confirmation Hearing to administer the Creditor Trust in accordance with the terms and provisions of the Creditor Trust Agreement.

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Creditor Trustee means the disinterested individual selected by the Committee and disclosed prior to the Confirmation Hearing to act as trustee of and administer the Creditor Trust.

Creditor Trustee means John B. Pidcock of Oxford Restructuring Advisors, or any successor designated by the Advisory Committee, subject to approval by the Bankruptcy Court, to serve as custodian for the Creditor Trust and to oversee the liquidation and distribution of the Creditor Trust Assets held therein for the benefit of the Beneficiaries, pursuant to the Plan, the Confirmation Order and the Creditor Trust Agreement.

Examples of Creditor Trustee in a sentence

Any and all of the covenants, conditions, warranties, representations, and other obligations (other than to repay or perform the Indebtedness) made or undertaken by Grantor, Guarantor, or any other Person or party to the Loan Documents to Beneficiary, any Secured Creditor, Trustee, or others as set forth in the Loan Documents, the Space Leases, and in any deed, lease, sublease, or other form of conveyance, or any other agreement pursuant to which Grantor is granted a possessory interest in the Land.
The Creditor Trustee must maintain the Creditor Trust’s books and records relating to the Creditor Trust Assets, Beneficiaries, income earned by, expenses paid by, and claims made against the Creditor Trust in the detail and for the period necessary to enable the Creditor Trustee to make full and proper reports.
Except as expressly provided in this Agreement, the Creditor Trustee need not file any accounting or seek approval of any court with respect to the administration of the Creditor Trust or as a condition for making any payment or Distribution out of the Creditor Trust Assets.
The Creditor Trust is to be known as the “CCI Creditor Trust.” In connection with the exercise of his powers, the Creditor Trustee may use this name or a reasonably close variation of it as he sees fit and may transact the affairs of the Creditor Trust in that name.
Notwithstanding the foregoing, the Creditor Trustee must reimburse the Dissolving Debtors for any statutory fees due relating to any distributions made by the Creditor Distribution Trust.

More Definitions of Creditor Trustee

Creditor Trustee means such Person designated by the Committee to serve as the trustee of the Creditor Trust.

Creditor Trustee means Robert N. Michaelson, Esq., solely in his capacity as Creditor Trustee, approved prior to the Effective Date by the Bankruptcy Court to administer the Creditor Trust in accordance with the terms and provisions of Article 9 hereof and the Creditor Trust Agreement.

Creditor Trustee means Barry Mukamal, the trustee for the Creditor Trust pursuant to the terms of, and for the purposes set forth in, the Plan, the Creditor Trust Agreement, and the Confirmation Order.

Creditor Trustee means the trustee of the Creditor Trust.

Creditor Trustee means Fred C. Caruso of the consulting firm Development Specialists, Inc.—including any replacement trustee or successor in interest to the Creditor Trustee—who shall serve as custodian for the Creditor Trust and to oversee the liquidation and Distribution of the Creditor Trust Assets held in the Creditor Trust for the benefit of the Beneficiaries pursuant to the Plan, the Confirmation Order, and the Creditor Trust Agreement.

Creditor Trustee means the consulting firm Development Specialists, Inc.—including any replacement trustee or successor in interest to the Creditor Trustee—who shall serve as custodian for the Creditor Trust and to oversee the liquidation and Distribution of the

Creditor Trustee means the Person selected to serve as the initial trustee under the Creditor Trust. The Creditor Trustee and his/her terms of employment will be identified in the Plan Supplement.