Creditors Trustee means that person or entity identified in the Creditors Trust Agreement including any successor trustee, the identity of whom shall be subject to the consent of the Committee and Debtors. The Creditors Trustee shall act as the representative of the Estate pursuant to Section 1123(b)(3)(B) with respect to the Creditors Trust Assets in accordance with the terms specified herein and in the Creditors Trust Agreement. The Creditors Trustee shall be deemed to be a party in interest within the meaning of Section 1109(b) and the representative of the Estate for all purposes related to or in connection with the Creditors Trust Assets.

Creditors Trustee or “Trustee” means Dennis Faulkner of Lain, Faulkner & Co., P.C., assisted as necessary by BlackBriar Advisors, LLC.

Examples of Creditors Trustee in a sentence

Such Creditors Trust Agreement shall comply with and such Creditors Trustee shall administer the Creditors Trust in accordance with the advance ruling guidelines contained in Revenue Procedure 94-45, 1994-2 C.B. 684.
The Creditors Trustee shall be deemed to have acted in good faith, and shall have no liability to any Creditors Trust Beneficiary or the Holder of a Claim, for acting in reasonable reliance upon the advice or opinion of counsel or other professional person retained by the Creditors Trustee.
The Creditors Trustee shall not have any liability to any Creditors Trust Beneficiary or to any Holder of a Claim for the consequences of his or her acts and omissions in the performance of duties under the Plan and Creditors Trust Agreement, except to the extent such consequences are caused by the Creditors Trustee’s intentional and willful misconduct, fraud or gross negligence.
These duties existed irrespective of the FDCA.”106In Woods, infra, the U.S.D.C. in Roanoke distinguished Buckman, and allowed plaintiff’s claims against the defendant who manipulated data reported to the FDA and failed to report incidents regarding its product.
If, within five (5) Business Days after providing written notice of such objection the Committee or Creditors Trustee has not filed a motion with the Bankruptcy court to reopen the Falcon V Chapter 11 Case so that the Bankruptcy Court can hear such objection, any objection shall be deemed waived.

More Definitions of Creditors Trustee

Creditors Trustee means the Person or Entity designated in the Creditors’ Trust Agreement to serve as the trustee of the Creditors’ Trust pursuant to the terms of the Creditors’ Trust Agreement.

Creditors Trustee means the Creditors’ Trustee under the Creditors’ Trusts who shall be identified in the Plan Supplement and appointed pursuant to this Plan.

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

Creditors Trustee means XxXxxxx & Associates, Inc. or a person selected in accordance with Article IV of this Agreement.

Creditors Trustee means the trustee of the Creditors’ Trust.

Creditors Trustee means Stephen T. Melton.