Creditors Trust Assets definition

Creditors Trust Assets means the Transferred State Law Avoidance Claims and any proceeds therefrom and any interest and earnings on such proceeds.
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Creditors Trust Assets means the Initial Creditors Trust Funds, the Prepetition Lender Trust Contribution, the Trust Neon Light Interest, if applicable, the Catapult Seismic Interests, and any other assets to be vested in the Creditors Trust under this Plan.
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Creditors Trust Assets or “Trust Assets” means (a) under the Restructuring Alternative, all Causes of Action and the Litigation Proceeds; $1 million in cash contributed by Rick Dykes; funds contributed to the Trust by the Plan Sponsor dedicated and earmarked for resolution of consumer TT&L issues, with the exact dollar amount of such funds to be determined contemporaneous with finalizing the terms upon which the Reorganized Debtors will operate with Ford Motor Company; and 10% of the New Equity of the Reorganized Debtors that will be issued to the Creditors Trust pursuant to a Restructuring under this Plan for the express benefit of creditors holding Allowed Class 11 Claims against the Debtors, subject to the New Equity Redemption Right, provided however, that after distributions to holders of Allowed Class 11 Unsecured Claims reach a total of $7.5 million, the Creditors’ Trust will surrender this 10% equity to the Reorganized Debtors; and (b) under the Liquidation Alternative, all Causes of Action and the Litigation Proceeds for the express benefit of creditors holding Allowed Class 11, 12, 13, 14, and 15 Claims; in no event shall the Creditors Trust Assets exceed the Allowed aggregate amount of Class 11, 12, 13, 14 and 15 Claims.
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Examples of Creditors Trust Assets in a sentence

  • The context of situation is more concerned with the meaningful production and use of language; therefore, it has great importance in SFL (Almurashi, 2016, pp.

  • The Creditors Trustee shall be the sole Person entitled to exercise the rights and duties with respect to the Creditors Trust and the Creditors Trust Assets.

  • The Creditors Trust shall be established for the sole purpose of liquidating and distributing the Creditors Trust Assets, in accordance with Treasury Regulation section 301.7701-4(d), with no objective to continue or engage in the conduct of a trade or business.

  • All fees, expenses, and costs of the Creditors Trust shall be paid by from (i) the Initial Creditors Trust Funds, and (ii) Creditors Trust Assets.

  • This was combined with lower revenues in VAS, primarily under a major rail contract, which is nearing completion.

  • The Creditors Trustee shall hold the Creditors Trust Assets for the benefit of the Creditors Trust Beneficiaries.

  • Upon dissolution of the Creditors Trust, any remaining Creditors Trust Assets shall be distributed to the Creditors Trust Beneficiaries as described herein; provided, however, that if at any time all Allowed Claims of the Creditors Trust Beneficiaries have been paid in full, then any remaining Creditors Trust Assets shall be transferred, or assigned, as the case may be, to the Reorganized Debtors.

  • The Creditors Trust shall be established under the Plan for the benefit of Holders of Class 3 Claims and on the Effective Date the Debtors shall assign the Creditors Trust Assets to the Creditors Trust and the Prepetition Lenders will make the Prepetition Lender Trust Contribution (of the Creditors Trust Beneficial Interests received on account of the Angelo Gordon Class 4 Claim).

  • Except as otherwise set forth in this Creditors' Trust Agreement or in the Plan, no person dealing with the Creditors' Trust shall be obligated to inquire into the authority of the Creditors' Trustee in connection with the protection, conservation or disposition of the Creditors' Trust Assets.

  • Subject to the provisions of this Creditors' Trust Agreement, the Creditors' Trustee shall be responsible for all decisions and duties with respect to administration of the Plan, including claim review and reconciliation, the Creditors' Trust and the Creditors' Trust Assets.


More Definitions of Creditors Trust Assets

Creditors Trust Assets means the assets transferred to the Creditors’ Trust as more fully described herein and in the Creditors’ Trust Agreement, which include: (a) all Causes of Action included in the Debtors’ Estates and contributed to the Creditors’ Trust pursuant to this Plan; (b) all of the Investor Causes of Action assigned to the Creditors’ Trust pursuant to the Class Action Settlement Agreement, the MDL Settlement Agreement, and any other settlement agreements and assignments; and (c) the Cash contribution(s) to be made to the Creditors’ Trust by the Position Holder Trust as provided in this Plan, the Position Holder Trust Agreement, and the Creditors’ Trust Agreement.
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Creditors Trust Assets or “Trust Assets” means all Causes of Action and the Litigation Proceeds for the express benefit of creditors holding Allowed Class 11, 12, 13, and 15 Claims and, in the event that all such Allowed Claims in Classes11, 12, 13 and 15 are paid in full, then for the benefit of Class 18.
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Creditors Trust Assets means the assets transferred to the Creditors’ Trust as more fully described in the Plan and in the Creditors’ Trust Agreement, which include: (a) all Causes of Action included in the Debtors’ Estates, (b) the Assigned Class Litigation; and (c) any Other Assets.
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Creditors Trust Assets means any and all assets and other property of the Estates as of the Effective Date, including, but not limited to, the following: (a) Cash; (b) Causes of Action, including the proceeds of any insurance policy (to the extent determined to be property of the Estates); and (c) rights under the Purchase Agreements and all proceeds of and interest accrued on such assets and other property.
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Creditors Trust Assets means the D&O Claims, the Litigation Claims, all assets of the Debtor (other than the Tax Attributes), and the Creditors' Trust's interest in the Reorganized Debtor Common Stock.
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Creditors Trust Assets means all property and assets of the Debtor and the Estate that are identified or described in the Creditors Trust Agreement. Such assets include, without limitation, (a) all Cash of the Estate as of the Effective Date; (b) certain accounts receivable of the Estate as of the Effective Date; (c) the Reorganized Debtor Note; (d) the Affiliate Note; and
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Related to Creditors Trust Assets

  • 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.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • 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 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.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

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

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) (i) claims of creditors in respect of the Subordinated Notes and (ii) the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital or CET1 Capital, including, for the avoidance of doubt, all claims in respect of Deferred Shares.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Trust Property means as of any particular time any and all property, real or personal, tangible or intangible, which at such time is owned or held by or for the account of the Trust or the Trustees in such capacity.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • Issuer Trust has the meaning specified in the first paragraph of this Guarantee Agreement.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.