Creditors Trust Beneficiaries definition

Creditors Trust Beneficiaries means the holders of the Creditors' Trust Interests.
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Creditors Trust Beneficiaries means the Holders of Allowed Claims entitled under this Plan to receive Creditors Trust Beneficial Interests.
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Creditors Trust Beneficiaries means Holders of Allowed Class 11 Claims.
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Examples of Creditors Trust Beneficiaries in a sentence

  • Creditors Trust Interests shall not be represented by certificates, but upon issuance of the Creditors Trust Interests, the Creditors Trustee shall issue a schedule of the Creditors Trust Beneficiaries and the Pro Rata Share of Creditors Interests issued to each Creditors Trust Beneficiary.

  • In all circumstances, the Creditors Trustee shall act in the best interests of all Creditors Trust Beneficiaries and in furtherance of the purposes of the Creditors Trust.

  • The Creditors Trust is intended to be treated for federal income tax purposes as a liquidating trust within the meaning of Treasury Regulation section 301.7701-4(d), for the benefit of the Creditors Trust Beneficiaries.

  • After the Effective Date, the Creditors Trust will make Distributions to Creditors Trust Beneficiaries according to the terms of the Plan and the Creditors Trust Agreement.

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

  • Accordingly, the Creditors Trust Beneficiaries, whether their Claims are Allowed on or after the Effective Date, shall be treated for federal income tax purposes as the grantors and owners of their respective shares of the applicable assets of the Creditors Trust.

  • Distributions from the Creditors Trust All distributions to the Creditors Trust Beneficiaries of Cash and property shall be made in accordance with the terms of the Creditors Trust Agreement by the Creditors Trustee as Trust disbursing agent.

  • If the second attempt ends in failure or if there is a failure of any other exam or practical after an initial failure, the student will be dismissed from the Academy.

  • 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.

  • They argue that earlier difficulties in finding a positive correlation were partly related to measurement problems.


More Definitions of Creditors Trust Beneficiaries

Creditors Trust Beneficiaries means holders of Creditors’ Trust Interests.
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Creditors Trust Beneficiaries or “Trust Beneficiaries” means, under the Restructuring Alternative, Holders of Allowed Class 11 Claims. and, under the Liquidation Alternative, Holders of Allowed Class 11, 12, 13, 14, and 15 Claims.
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Creditors Trust Beneficiaries or “Trust Beneficiaries” means Holders of Allowed Class 11, 12, 13, and 15 Claims and, in the event that all such Allowed Claims in Classes 11, 12, 13 and 15 are paid in full, Class 18.
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Creditors Trust Beneficiaries or “Trust Beneficiaries” means Holders of Allowed Class 11, 12, 13, and 15 Claims. In the event that all such Allowed Claims in Classes 11, 12, 13 and 15 are paid in full, then also Class 17, provided, however, the Trustee shall owe no duties to any Holder of a Class 17 Claim, and such Holder shall have no rights vis-a-vis the Trust, unless and until all Holders of Claims in Classes 1-15 have been paid in full. In the event that all such Allowed Claims in Classes 1-15 and 17 are paid in full, then also Class 18, provided, however, the Trust shall owe no duties to any Holder of a Class 18 Interest, and such Holder shall have no rights vis-a-vis the Trust, unless and until all Holders of Claims in Classes 1-15 and 17 have been paid in full. Any rights which inure to Holders of Class 17 Claims or Class 18 Interests shall be prospective and not retroactive.
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Creditors Trust Beneficiaries means the holders of Allowed Class 2 Claims entitled to receive Creditors' Trust Interests.
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Creditors Trust Beneficiaries means the holders of the Creditors’ TrustInterests.
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Related to Creditors Trust Beneficiaries

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • 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.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • 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.

  • 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."

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • Charitable Beneficiary means one (1) or more beneficiaries of the Trust as determined pursuant to Section 5.9(iii)(f), provided that each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.

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

  • 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.

  • 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 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.

  • Third Party Beneficiaries has the meaning ascribed thereto in Section 8.8(1).

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

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • 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.

  • land reform beneficiary , in relation to a property, means a person who -

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Plan Distribution means a payment or distribution to Holders of Allowed Claims, Allowed Interests, or other eligible Entities under and in accordance with the Plan.

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Administrative Claims means Claims that have been filed timely and properly before theAdministrative Claims Bar Date set forth in the Confirmation Order (except as otherwise provided by a separate order of the Bankruptcy Court), for costs and expenses of administration under sections 503(b), 507(b), or 1114(e)(2) of the Bankruptcy Code, including, without limitation: the actual and necessary costs and expenses incurred after the Petition Date of preserving the Estates and operating the businesses of the Debtors (such as wages, salaries or commissions for services and payments for goods and other services and leased premises). Any fees or charges assessed against the Estates under section 1930 of chapter 123 of title 28 of the United States Code are excluded from the definition of Administrative Claims and shall be paid in accordance with Article V.N of the Plan. Notwithstanding anything to the contrary in this Plan, the filing of an Administrative Claim shall not be required in order to receive payment for any tax liability described in sections 503(b)(1)(B) and (C) in accordance with section 503(b)(1)(D) of the Bankruptcy Code.

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Eligible beneficiary means a resident of this state who:

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

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

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • Litigation Trustee means a Person to be determined by SFC and the Initial Consenting Noteholders prior to the Effective Time, with the consent of the Monitor, to serve as trustee of the Litigation Trust pursuant to and in accordance with the terms thereof.