Creditors Trustee definition

Creditors Trustee means the trustee to serve pursuant to Article XIV of this Plan and under the Creditors' Trust Agreement.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
Creditors Trustee or “Trustee” means Dennis Faulkner of Lain, Faulkner & Co., P.C., assisted as necessary by BlackBriar Advisors, LLC.
Sample 1Sample 2Sample 3

Examples of Creditors Trustee in a sentence

  • 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.

  • A form of the proposed Creditors Trust Agreement and identity of the Creditors Trustee will be provided with the Plan Supplement and shall be subject to execution by the proposed Creditors Trustee, and further amendment and modification as necessary.

  • In the event the Creditors Trustee dies, is terminated, or resigns for any reason, a successor Creditors Trustee shall be appointed in accordance with the terms of the Creditors Trust Agreement.

  • 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 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.


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.
Sample 1Sample 2Sample 3
Creditors Trustee means the Creditors’ Trustee under the Creditors’ Trusts who shall be identified in the Plan Supplement and appointed pursuant to this Plan.
Sample 1Sample 2
Creditors Trustee means the trustee of the Creditors’ Trust identified and acceptable to the Proponents and disclosed in the Creditors’ Trust Agreement.
Sample 1
Creditors Trustee means XxXxxxx & Associates, Inc. or a person selected in accordance with Article IV of this Agreement.
Sample 1
Creditors Trustee means that person or entity identified in the Creditors Trust
Sample 1
Creditors Trustee means the trustee of the Creditors’ Trust.
Sample 1
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.
Sample 1