GUC Trust Interests definition

GUC Trust Interests means the beneficial interests in the GUC Trust allocated in accordance with the terms and provisions of the Plan for the benefit of Holders of Claims in the Unsecured Claims Pool.

GUC Trust Interests means the uncertificated beneficial interests in the GUC Trust representing the right of each holder of a General Unsecured Claim, other than General Unsecured Claims in Classes 7(n), 7(o), and 7(r), to receive Cash distributions from the GUC Trust on account of such GUC Trust Interests in accordance with the terms of the Plan and the GUC Trust Agreement.

GUC Trust Interests means, collectively, non-certificated beneficial interests in the GUC Trust granted to each Holder of Allowed General Unsecured Claims, which shall entitle such Holder to a Pro Rata share of the GUC Recovery Pool, subject to the terms of the Plan and the GUC Trust Agreement.

Examples of GUC Trust Interests in a sentence

• All such amounts withheld and paid to the appropriate tax authority (or placed in escrow pending resolution of the need to withhold) shall be treated as amounts distributed to such holders of GUC Trust Interests for all purposes of the GUC Trust Deed of Trust, and it being understood that any such amount withheld shall reduce the amount actually realized by the applicable holder upon distribution.

• Any indemnification claim of the GUC Trustee, the GUC Trust Board, the members of the GUC Trust Board, and the other parties entitled to indemnification under this subsection shall be satisfied solely from the GUC Trust Assets and shall be entitled to a priority distribution therefrom, ahead of the GUC Trust Interests and any other claim to or interest in such assets.

• For all United States federal income tax purposes, all parties (including, without limitation, the Debtor, the GUC Trustee, and the GUC Trust Beneficiaries) shall treat the transfer of the GUC Trust Assets to the GUC Trust as(1) a transfer of the GUC Trust Assets (subject to any obligations relating to those Assets) directly to the GUC Trust Beneficiaries, followed by (2) the transfer by such beneficiaries to the GUC Trust of the GUC Trust Assets in exchange for GUC Trust Interests.

• In order to receive distributions under the Plan, all holders of GUC Trust Interests shall be required to identify themselves to the GUC Trustee and provide tax information and the specifics of their holdings, to the extent the GUC Trustee deems appropriate in the manner and in accordance with the procedures from time to time established by the GUC Trustee for these purposes.

• This identification requirement generally applies to all holders of GUC Trust Interests, including those who hold their securities in street name.

More Definitions of GUC Trust Interests

GUC Trust Interests means the interests of holders of Allowed General Unsecured Claims in the Creditor Trust, specifically the right to the GUC Trust Assets.

GUC Trust Interests means the beneficial interests in the GUC Trust that are issued to GUC Trust Beneficiaries.

GUC Trust Interests means the uncertificated beneficial interests in

GUC Trust Interests means the beneficial interests in the GUC Trust.

GUC Trust Interests means the non-transferable, beneficial interests in the GUC Trust that will entitle the holder thereof to the distributions of the GUC Trust Assets which will be made pursuant to the Plan and the GUC Trust Agreement, which GUC Trust Interests will be non-transferable and non-assignable except by operation of law.

GUC Trust Interests means the non-certificated and non-transferable beneficial interests granted to each GUC Trust Beneficiary, which shall entitle such holder to: (i) in the case of Allowed Class 6 General Unsecured Convenience Claims, to a Pro Rata share of the General Unsecured Convenience Claims Fund; and (ii) in the case of Allowed Class 5A General Unsecured Claims, to a share of GUC Trust Net Assets pursuant to the GUC Settlement Allocation.

GUC Trust Interests means the uncertificated beneficial interests in the GUC Trust representing the right of Holders of Allowed General Unsecured Claims to receive Distributions from the GUC Trust in accordance with the Plan and the GUC Trust Agreement.