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

• 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.

• 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.

• 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.

• GUC Trust Beneficiaries are deemed to receive the GUC Trust Distributable 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.

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 holders of Allowed General Unsecured Claimsthat are entitled to a distribution under the Plan.

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

GUC Trust Beneficiaries means the holders of Allowed Class 3A and Class 3B Claims who are entitled to distributions from the GUC Trust pursuant to the Plan.

GUC Trust Beneficiaries means the holders of (a) Allowed General Unsecured Claims that are entitled to receive a Distribution under the Plan and, only to the extent that their claims are not paid in full on the Effective Date, (b) Allowed Administrative Claims, (c) Allowed Professional Claims, (d) Allowed Tax Priority Claims, and (e) Allowed Other Priority Claims.