GUC Trust Beneficiaries definition

GUC Trust Beneficiaries means, collectively, the Holders of Claims in the Unsecured Claims Pool.

GUC Trust Beneficiaries has the meaning set forth in Background paragraph (F).

GUC Trust Beneficiaries means the Holders of Allowed General Unsecured Claims.

Examples of GUC Trust Beneficiaries in a sentence

• GUC Trust Beneficiaries are third party beneficiaries of this Trust Agreement.

• The GUC Trust Administrator shall also prepare and timely file (or cause to be prepared and timely filed), and/or provide to GUC Trust Beneficiaries, any other statements, returns or disclosures relating to the GUC Trust that are required by any governmental unit.

• In all circumstances, the GUC Trust Monitor shall act in the best interests of all GUC Trust Beneficiaries, in furtherance of the purpose of the GUC Trust, and in accordance with this Trust Agreement.

• Notwithstanding anything to the contrary in this Trust Agreement, in no event shall the GUC Trust Administrator unduly prolong the duration of the GUC Trust, and the GUC Trust Administrator shall, in the exercise of its reasonable business judgment and in the interests of all GUC Trust Beneficiaries, at all times endeavor to terminate the GUC Trust as soon as practicable in accordance with the purposes and provisions of this Trust Agreement and the Plan.

• The whole legal title to the GUC Trust Assets shall be vested in the GUC Trust as a separate legal entity under the Delaware Act or, if necessary, in the GUC Trust Administrator on behalf of the GUC Trust, and the sole beneficial interest of the GUC Trust Beneficiaries shall be as set forth in this Trust Agreement.

More Definitions of GUC Trust Beneficiaries

GUC Trust Beneficiaries means the holders of the GUC Trust

GUC Trust Beneficiaries means the holders of Allowed General Unsecured Claims that are entitled to a distribution under the Plan.

GUC Trust Beneficiaries means the Holders of Classes 9(b), 9(c), and 9(d) Claims, in each case, solely to the extent such Classes vote to accept the Plan and the Creditors’ Committee Settlement Conditions are satisfied.

GUC Trust Beneficiaries means the “Beneficiaries” as defined in the GUC Trust Agreement.

GUC Trust Beneficiaries means the holders of Allowed General Unsecured Claimsthat are entitled to a distribution under the Plan.

GUC Trust Beneficiaries means, in accordance with Section F of the GUC Trust Agreement, holders of allowed General Unsecured Claims as of the date of this Agreement, and, for the avoidance of doubt, does not include Plaintiffs.

GUC Trust Beneficiaries means holders of Allowed Class 4 Claims and the holders of Allowed Class 5 Claims.