Distributable Trust Assets definition

Distributable Trust Assets means the Avoidance Action Proceeds together with any earnings (including interest) thereon.
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Distributable Trust Assets means Cash constituting Distribution Trust Property, other than (i) Cash in an amount, (x) as of the date hereof mutually agreed by the Debtors, the Official Committee and the Purchaser or (y) after the date hereof determined by the Distribution Trustee, in each case allocated to the Trust Administration Reserve or the Professional Fee Reserve and (ii) Cash held in the Disputed Claims Reserve.
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Distributable Trust Assets means Cash constituting Non-Released Claims Trust Assets, other than Cash in an amount (x) as of the date hereof equal to $5 million or (y) after the date hereof determined by the Trust Manager, in each case allocated to the Trust Administration Reserve.
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Examples of Distributable Trust Assets in a sentence

  • The Company shall, acting in a commercially reasonable manner, use reasonable endeavours to sell all the Distributable Trust Assets of a Multiple Stock Line Pool within six months following the return of such Distributable Trust Assets by the Affected Intermediary to the Company.

  • The Trust Administrator shall establish a record date (the “Initial GUC Record Date”) for the holders of the General Unsecured Claims that are allowed as of the Initial GUC Record Date (the “Initial Allowed General Unsecured Claims”) who shall be entitled to participate in the first distribution of GUC Distributable Trust Assets, which date shall be the last day of the calendar quarter next preceding the date of such distribution (such Distribution Date, the “Initial GUC Distribution Date”).

  • Allocations of Distributable Trust Assets from Affected Intermediaries to TA Signatories shall be done on a per Affected Intermediary basis.

  • No Distributable Trust Assets of a Stock Line or an Asset Pool (as applicable) will be Allocated to a Signatory until any Dispute over its Individual Claim Amount or Intermediary Distribution Value in respect of that Stock Line, or, in the case of a Multiple Stock Line Pool, all Disputes over all of its TA Claimant Amounts or Intermediary Distribution Values in respect of that Multiple Stock Line Pool, is or are resolved.

  • The Company shall Allocate an amount of Distributable Trust Assets not comprising Reserved Assets (each, an “Allocation Amount”) to each Asset Pool Signatory in respect of: (i) a Custody Securities Pool or a Non-Custody Securities Pool of a Stock Line to which Clause 42 applies; or (ii) a Multiple Stock Line Pool in accordance with this Clause 45.3.

  • Units will represent the contingent right to receive, on a pro rata basis as provided in the Plan, the Confirmation Order and this Trust Agreement, Excess GUC Distributable Trust Assets.

  • Allocations of Distributable Trust Assets to TA Signatories will be determined on a per Stock Line basis (other than for Affected Intermediaries).

  • The Company shall Identify the Distributable Trust Assets that comprise the Assets in each Asset Pool for each Stock Line falling within Clause 42.

  • All Distributable Trust Assets shall be applied as provided in Section 5.1(d), including to the satisfaction of Allowed General Unsecured Claims, including through distributions made in respect of the Units.

  • The process of any such determination in relation to a Stock Line is referred to as the “Identification” of the Distributable Trust Assets relating to that Stock Line, and “Identified” and “Identify” shall be construed accordingly.


More Definitions of Distributable Trust Assets

Distributable Trust Assets means Cash constituting Distribution
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