GUC Beneficiaries definition

GUC Beneficiaries means the holders of Allowed General Unsecured Claims or Units received in respect of such claims.
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GUC Beneficiaries means (i) holders of Allowed Class 7-A Claims (except the holders of the Deficiency Claims on account of the Senior Secured Claims and the Bridge Loan Claims) and Class 7-C Claims (except the Senior/Bridge Guarantee Claims), (ii) holders of Allowed Class 7-D Claims (except the Senior/Bridge Deficiency Claims), and
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GUC Beneficiaries means the holders of Allowed General Unsecured Claims or Units received in respect of such claims.”
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Examples of GUC Beneficiaries in a sentence

  • GUC Beneficiaries are deemed to receive the GUC Distributable Trust Assets in accordance with the provisions of the Plan, the Confirmation Order and this Trust Agreement in exchange for their Allowed General Unsecured Claims or on account of their Units, as applicable, without further obligation or liability of any kind, but subject to the provisions of this Trust Agreement.

  • STATUS UPDATE This Quarterly Report contains the following information: (i) Section A – status of Trust Causes of Action; (ii) Section B – status of Disputed Claims; (iii) Section C - fees and expenses of the Liquidation Trust; (iv) Section D - all other Trust Assets; (v) Section E - distributions from the Liquidation Trust to Secured Lender Beneficiaries and to GUC Beneficiaries; and (vi) Section F - status of the Liquidation Reserve and the Admin/Priority Claims Reserve.

  • ARTICLE IX AMENDMENT AND WAIVER The GUC Trustee may amend, modify, waive or otherwise alter any provision of this Agreement, without notice to the GUC Beneficiaries, by filing a notice with the Bankruptcy Court and providing ten (10) days' notice to the Creditor Representative and parties on the Post-Effective Date Service; provided, however, that any such amendment, modification, waiver or alteration must be consistent with the terms of the Plan and the Confirmation Order.

  • Xxxx Exhibit E Creditor Trust Distribution Schedule Prior to the Excess Recovery Trigger Date, distributions made under the Creditor Trust Agreement shall be made as follows: To the GUC Beneficiaries (which distribution shall be based on each such GUC Beneficiary’s pro rata share of GUC Claims).

  • The Liquidating Trustee submits the following information in this Quarterly Report: (i) Section A – status of Trust Causes of Action; (ii) Section B – status of Disputed Claims; (iii)Section C - fees and expenses of the Liquidation Trust; (iv) Section D - all other Trust Assets; (v) Section E - distributions from the Liquidation Trust to Secured Lender Beneficiaries and to GUC Beneficiaries; and (vi) Section F - status of the Liquidation Reserve and the Admin/Priority Claims Reserve.

Related to GUC Beneficiaries

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Spouse means, an individual who,

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Beneficiary means the person, persons, trust or trusts that have been designated by a Participant in his or her most recent written beneficiary designation filed with the Committee to receive the benefits specified under the Plan upon such Participant’s death or to which Awards or other rights are transferred if and to the extent permitted under Section 10(b) hereof. If, upon a Participant’s death, there is no designated Beneficiary or surviving designated Beneficiary, then the term Beneficiary means the person, persons, trust or trusts entitled by will or the laws of descent and distribution to receive such benefits.