Creditors Trust definition

Creditors Trust or “Trust” means the trust to be created pursuant to Article VIII of the
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Creditors Trust means the Trust to be established as of the Effective Date for the benefit of the Holders of Allowed Class 3 and Class 4 Claims, and for ease of reference includes
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Creditors Trust means the trust to be created pursuant to Article VIII of the Plan.
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Examples of Creditors Trust in a sentence

  • This Agreement shall inure to the benefit and be binding upon the Parties and their successors and assigns, including without limitation the Committee, Creditors Trust and Creditors Trustee and any chapter 7 trustee.

  • Such bonus provision shall apply to the Company and its subsidiaries and shall be applied to the Company's results as Trustee of the LFC Creditors Trust.

  • Except as set forth in the DOCA and the Creditors Trust (if approved), there are no shareholder agreements, voting agreements or other similar agreements with respect to the Company’s capital stock to which the Company is a party or, to the knowledge of the Company, between or among any of the Company’s shareholders.

  • General Unsecured Creditors Trust and GSS; PROVIDED, THAT, no Borrower or Guarantor shall have any further obligations or liabilities to make any capital contributions or other additional investments or other payments to or in or for the benefit of any of the foregoing except for those, if any, expressly contemplated by the Plan, and other additional loans, advances and investments in an aggregate amount not to exceed $2,000,000 for such Subsidiaries, the Polar Air Cargo, Inc.

  • Furman, and the Motors Liquidation Company General Unsecured Creditors Trust (“the GUC Trust”) and the Motors Liquidation Company Avoidance Action Trust (“the AAT”) in the matter of In re: Motors Liquidation Company, et al., f/k/a/ General Motors Corp., et al., 09-50026 (MG), pending in the United States Bankruptcy Court for the Southern District of New York (“Bankruptcy Court”) before the Honorable ▇▇▇▇▇▇ ▇▇▇▇▇.

  • In the event less than all of the Debtors are able to confirm a plan of reorganization, the parties hereto agree to reasonably cooperate with each other to establish a mechanism generally consistent with this Section 2.3 for disbursing the funds in the Creditors Trust in exchange for FW Creditor Releases.

  • The Liquidating Trustee is ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, solely in her capacity as Liquidating Trustee of the Trinity Unsecured Creditors Trust and not otherwise.

  • G▇▇▇▇ ▇▇▇▇▇▇▇▇▇, as Trustee of the D.I.C. Creditors Trust, naming the former directors of Daisytek International Corporation and the Company as defendants.

  • In determining an appropriate allocation, the Creditors' Trustee and the Creditors' Trust Advisory Board shall consult with the Litigation Trustee and the Distribution Trustee and their respective trust advisory boards.

  • All of the shares of Class B Common Stock are outstanding and are held by K▇▇▇▇ Creditors Trust (the "Trust").


More Definitions of Creditors Trust

Creditors Trust means the trust created pursuant to the Creditors’ Trust Agreement which will be part of the Plan Supplement.
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Creditors Trust means the entity created pursuant to the Plan to own and administer the Creditors’ Trust Assets.
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Creditors Trust means the Trust to be established as of the Effective Date for the benefit of the Holders of Allowed Class 3 and Class 4 Claims, and for ease of reference includes any Entity (such as a limited liability company) to be created and owned by the Creditors Trust, formed for the purpose of holding Trust Assets.
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Creditors Trust means the Trust described in Article IV of the Plan to be established under Louisiana trust law that will receive Cash, other assets of the Debtor, the Reorganized Debtor Note and the Avoidance Actions as specified in the Creditors Trust Agreement, and make distributions pursuant to the terms of the Plan and the Creditors Trust Agreement. With respect to any action required or permitted to be taken by the Creditors Trust, the term includes the Trustee or any other person authorized to take such action in accordance with the Creditors Trust Agreement.
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Creditors Trust means the Trust established for the benefit of Creditors pursuant to the Plan.
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Creditors Trust means the trust to be constituted by and in accordance with the Trust Deed Establishing the CBD Energy Creditors Trust in a form approved by creditors of the Company pursuant to an amended and restated DOCA and under which the Deed Administrators in their capacity as trustees of a trust will hold the funds comprising the Deed Fund (as defined in the DOCA) in trust for such creditors.
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Related to Creditors Trust

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • 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."

  • Liquidating Trust Assets means all of the Assets of the Liquidating Debtor as of the time of transfer of the Assets to the Liquidating Trust.

  • Subordinated Claims shall have the meaning set forth in Section 3.6(c)(i) hereof.

  • Senior Creditors means creditors of the Issuer: (a) who are unsubordinated creditors of the Issuer; (b) whose claims are, or are expressed to be, subordinated to the claims of unsubordinated creditors of the Issuer but not further or otherwise; or (c) whose claims are, or are expressed to be, junior to the claims of other creditors of the Issuer, whether subordinated or unsubordinated, other than those whose claims rank, or are expressed to rank, pari passu with, or junior to, the claims of the Holders in a winding-up in respect of the Securities (and, for the avoidance of doubt, Senior Creditors shall include holders of Tier 2 Capital instruments);