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
All compensation for the Distribution Trustee shall be paid from the Distribution Trust Assets in accordance with the Distribution Trust Agreement.
No business activities will be conducted by the Distribution Trust other than those associated with or related to the liquidation of the Distribution Trust Assets.
All parties, including the Beneficiaries and the Distribution Trustee, shall value the Distribution Trust Assets consistently, and such valuations shall be used for all federal income tax purposes.
All the parties and Beneficiaries shall treat the transfers in trust as if all the transferred assets, including all the Distribution Trust Assets, had been first transferred to the Beneficiaries and then transferred by the Beneficiaries to the Distribution Trust.
All property of the Debtor constituting the Distribution Trust Assets shall be conveyed and transferred by the Debtor to the Distribution Trust, free and clear of all Liens, Claims, Equity Interests, and encumbrances.
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, collectively, (a) the Distribution Amount; (b) the Recharacterization Causes of Action; (c) the D&O Claims to the extent assigned to the Distribution Trust; (d) the proceeds from the Tax Refund to the extent set forth in this Plan; and (e) the proceeds from the Great American Litigation to the extent set forth in this Plan.
Distribution Trust Assets means all assets transferred by the Debtor under this Plan into the Distribution Trust, including, but not limited to, (i) the PRC-MO Stock Sale Proceeds, (ii) all Cash (including checks received prior to the PRC-MO Stock Sale Closing Date, whether or not deposited or cleared prior to the PRC-MO Stock Sale Closing Date other than all cash in cashiers' cages, vaults, carts, drawers, cash registers and gaming devices and machines on the PRC-MO Stock Sale Closing Date, (iii) Debtor's causes of action, including, without limitation, those under Chapter 5 of the Bankruptcy Code, and those relating to the barge collision matter and the recovery of sales tax as described in greater detail in Debtor's Disclosure Statement; (iv) all rights of the Debtor under employee benefit plans and related trusts and insurance policies and similar arrangements sponsored or maintained by the Debtor or PCI for current or former employees of the Debtor; (v) the building, improvements and tangible personal property (other than certain items of tangible personal property used in the operation of the Debtor's casino operations and listed on Schedule 6(b) of the PRC-MO Stock Sale Agreement), located at the Main Office (or the proceeds from the sale of the Main Office and related assets not subject to the PRC-MO Stock Sale Agreement in the event that same shall have been sold as of the Effective Date); (vi) all outstanding claims of the Debtor arising under the Debtor's insurance policies prior to the PRC-MO Stock Sale Closing Date; (vii) all rights to any refunds for taxes accruing to the Debtor for the period prior to and including the PRC-MO Stock Sale Closing Date, including but not limited to all claims for refund for Missouri state and local sales and use taxes, regardless whether such claims were actually filed prior to the Closing Date; and (viii) all inventory of the Debtor existing on the PRC-MO Stock Sale Closing Date and held for resale to customers at the Debtor located aboard the Riverboat Casino.