Distribution Trust Assets definition

Distribution Trust Assets means the Consideration less any amounts paid by the Debtor on the Effective Date.

Distribution Trust Assets means all rights, title and interests of any and every kind owned or otherwise held by the Debtors and their Estates in any and all property of any kind and regardless of whether of any such property is listed in the Schedules, except for: (i) the Unimpaired Claims Cash Reserve, (ii) the Distribution Trust Seed Money, (iii) the Prepetition Lenders Effective Date Cash, (iv) the Zenith Escrow Interests (or the Zenith Escrow Account),(v) the NY State Grant Funds, and (vi) the Student Trust Assets. Included within the Distribution Trust Assets, and not by way of limitation, are all interests of any kind of the Debtors and their Estates in the D&O Policies and all Causes of Action.

Distribution Trust Assets means collectively: (a) the Trust Accounts and any Cash (and any other property) held by such Trust Accounts; (b) the rights of the Debtors under or in respect of the Intercompany Claims Settlement, the Alpart Purchase Agreement or any causes of action not released by the Plan, including the Recovery Actions, and any proceeds thereof; and (c) the Alpart Proceeds to the extent that such funds are not included in (a) or (b), including any amounts paid over to the Distribution Trustee as contemplated by Section 2.2(d) of the Plan.

Examples of Distribution Trust Assets in a sentence

• The Distribution Trust Seed Money and the Distribution Trust Assets shall be used by the Distribution Trustee in a manner provided for in the Combined Plan and Disclosure Statement and in the Distribution Trust Agreement.

• Such payments to Holders of Allowed Priority Tax Claims shall be paid by the Debtors from the Unimpaired Claims Cash Reserve, after payment in full to all Allowed Administrative Expense Claims, and, to the extent the Unimpaired Claims Cash Reserve is insufficient to pay all such Allowed Priority Tax Claims in full, then by the Distribution Trustee from the first net proceeds of the Distribution Trust Assets following satisfaction of all Allowed Administrative Expense Claims.

• All compensation for the Distribution Trustee shall be paid from the Distribution Trust Assets in accordance with the Distribution Trust Agreement.

• For the avoidance of doubt, the Distribution Trustee shall not administer the Zenith Escrow Account or the NY State Grant Funds (which are excluded from the Distribution Trust Assets) and shall have no duties to assist with the realization or recovery of such amounts.

• All compensation for the Distribution Trustee shall be paid from the Distribution Trust Seed Money and the Distribution Trust Assets in accordance with the Distribution Trust Agreement.

More Definitions of Distribution Trust Assets

Distribution Trust Assets means, collectively, (a) the Distribution Trust Actions, (b) the Distribution Trust Fund, and (c) the SED Patents, subject to the License.

Distribution Trust Assets means (A) the Initial Cash (after payment of claims in the course of the Bankruptcy Case or disbursement on the Effective Date on account of Allowed Claims), (B) the Consideration (consisting of the Consideration Advance from the trust account of Debtor’s counsel and the Consideration Balance from the Plan Sponsor), (C) all Distribution Trust Avoidance Actions, (D) all litigation recoveries with respect to the foregoing asset described in

Distribution Trust Assets means all rights, title and interests of any and

Distribution Trust Assets means the FLYi Distribution Trust Assets and the Independence Distribution Trust Assets.

Distribution Trust Assets means, collectively, (a) the Distribution Trust Avoidance Actions, and (b) the Distribution Trust Fund.

Distribution Trust Assets means (a) Cash, payable from the Cash Consideration and the Cash-on-Hand, in that amount sufficient to satisfy all Distribution Trust Plan Distribution Obligations plus (b) Cash attributable to interest that accrues on the Distribution Trust Assets; provided, however, that any Distribution Trust Assets in excess of the amount at any time necessary for the payment of then remaining Distribution Trust Plan Trust Obligations shall be deemed to be Hardware Newco Assets and shall promptly be paid by the Distribution Trust to Hardware Newco.

Distribution Trust Assets means, collectively, Recovery Actions, Net Recovery Action Asset Cash, Net Other Asset Cash and Non-Cash Assets.