Examples of GUC Recovery Trust in a sentence
Notwithstanding anything to the contrary herein, in no event shall holders of Allowed General Unsecured Claims recover more than the full amount of their Allowed General Unsecured Claims from the GUC Recovery Trust.
The Debtors, the Reorganized Debtors, and their Estates, the Wind Down Estates, and the GUC Recovery Trust shall be permanently enjoined from prosecuting any of the foregoing Claims or Causes of Action released under this Section 10.6(a) against each of the Released Parties.
For the avoidance of doubt, holders of all Claims, including Administrative Expense Claims, Priority Tax asserting, Priority Non-Tax Claims, and Other Secured Claims shall by forever barred and prohibited from asserting such Claims against the Reorganized Debtors and shall be limited to prosecution of such Claims against the Wind Down Estates or GUC Recovery Trust, as applicable.
In accordance with Section 1141 of the Bankruptcy Code, all of the GUC Recovery Trust Assets, as well as the rights and powers of the Debtors’ Estates applicable to the GUC Recovery Trust Assets, shall vest in the GUC Recovery Trust, for the benefit of the holders of Allowed General Unsecured Claims.
As of the Effective Date, the Claimant hereby agrees to waive any right to recovery in the State Court Action against the Wind Down Estates, including but not limited to the GUC Recovery Trust and against the GUC Recovery Trustee (each as defined in the Plan), as well as any prepetition claim (as defined in section 101(5) of the Bankruptcy Code) that may be recoverable, and exclusively shall be limited to obtaining any recovery in the State Court Action from the proceeds of the Policy.
The terms and conditions of the UFCW Settlement are incorporated in the Plan as if fully set forth herein, and shall by binding on the Debtors, Wind Down Estates, the GUC Recovery Trust, and all other parties in interest, to the extent applicable.
Upon dissolution of the GUC Recovery Trust, any remaining GUC Recovery Trust Assets shall be distributed to holders of Allowed General Unsecured Claims in accordance with the Plan and the GUC Recovery Trust Agreement, as appropriate.
In such event, the Wind Down Co will be governed by provisions substantially similar to those set forth with respect to the GUC Recovery Trust in Section 5.17 of the Plan, with the Plan Administrator acting as the trustee.
The Wind Down Estates, the Reorganized Debtors, and the Plan Administrator, as applicable, shall not be subject to any claims or counterclaims of the GUC Recovery Trust, including with respect to the Unreleased Avoidance Actions.
The GUC Recovery Trustee and the GUC Recovery Trust shall be discharged or dissolved, as the case may be, at such time as all distributions required to be made by the GUC Recovery Trustee under the Plan have been made.