GUC Trust Net Assets definition

GUC Trust Net Assets means the GUC Trust Assets less the GUC Trust Expenses.
Sample 1Sample 2Sample 3
GUC Trust Net Assets means the GUC Trust Assets less: (i) the GUC Trust Expenses; and (ii) the General Unsecured Convenience Claims Fund.
Sample 1

Examples of GUC Trust Net Assets in a sentence

  • In addition, the Class 6-B GUC Trust shall fund distributions and satisfy Allowed Other General Unsecured Claims using Class 6-B GUC Trust Net Assets for benefit of the Class 6-B GUC Trust Beneficiaries.

  • The Class 6-B GUC Trust Net Assets will be used to satisfy Allowed Other General Unsecured Claims of each Debtor in accordance with the allocation set forth below, provided that the Class 6-B GUC Trustee may reallocate the Class 6-B GUC Trust Net Assets after the occurrence of the Claims bar date, in its reasonable business judgement, to recalibrate for, among other things, the Claims asserted against each Debtor.

  • If the Asset Sale is consummated, the Debtors shall fund distributions under the Plan with: (i) the proceeds from the Asset Sale, (ii) the GUC Trust Net Assets, (iii) the Debtors' Cash on hand, and (iv) the proceeds of any Causes of Action retained by the Post-Effective Date Debtors.

  • Ms. Holland questioned if the activities are not funded or there is no access to the funds.

  • The established correction reduces the induced path difference to λ/3, which represents an improvement by a factor of20.

  • The day before the sale of the magazine should began, the court issued an interim injunction, and the court threatened them with a fine of 100 000 euros, which, if actions repeated, would rise to one million euros.

  • The Debtors shall fund distributions under the Plan with: (i) the proceeds from the Asset Sale,(ii) the GUC Trust Net Assets, (iii) the Debtors' Cash on hand, and (iv) the proceeds of any Causes of Action retained by the Post-Effective Date Debtors.

  • Section 4.7 of the Plan provides that Class 6-B GUC Trust Beneficiaries shall receive their pro rata share of the Class 6-B GUC Trust Net Assets in accordance with the allocation that the GUC Trustee may make in its reasonable business judgment.

  • If the Recapitalization Transaction or the Equity Investment Transaction is consummated, the Debtors shall fund distributions under the Plan, as applicable, with: (i) the issuance of New Takeback Facility Loans under the New Takeback Facility, (ii) the proceeds from the Equity Investment Transaction,(iii) the New Common Stock, (iv) the GUC Trust Net Assets, and (v) the Debtors' Cash on hand.

  • If the Recapitalization Transaction is consummated, more than $950 million of the Debtors' prepetition funded debt obligations would be eliminated—Holders of First Lien Claims would receive, in full and final satisfaction of their First Lien Claims, their pro rata share of 100 percent of the Reorganized Cyxtera's New Common Stock, subject to dilution by a Management Incentive Plan, and Holders of General Unsecured Claims would receive their pro rata share of the GUC Trust Net Assets.

Related to GUC Trust Net Assets

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Virginia venture capital account means an investment fund that has been certified by the

  • PJM Net Assets means the total assets per PJM’s consolidated quarterly or year-end financial statements most recently issued as of the date of the receipt of written notice of a claim less amounts for which PJM is acting as a temporary custodian on behalf of its Members, transmission developers/Designated Entities, and generation developers, including, but not limited to, cash deposits related to credit requirement compliance, study and/or interconnection receivables, member prepayments, invoiced amounts collected from Net Buyers but have not yet been paid to Net Sellers, and excess congestion (as described in Operating Agreement, Schedule 1, section 5.2.6, and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.6).

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Class C Trust Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Net Assets sale," "sell" and "security" shall have the same meanings as such terms have in the 1940 Act, subject to such exemption as may be granted by the SEC by any rule, regulation or order. Where the effect of a requirement of the federal securities laws reflected in any provision of this Agreement is made less restrictive by a rule, regulation or order of the SEC, whether of special or general application, such provision shall be deemed to incorporate the effect of such rule, regulation or order. This Agreement may be signed in counterpart.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Trust Funds means any cash comprised of (i) funds specifically and exclusively used for payroll Taxes, payroll and other employee benefit payments to or for the benefit of any Loan Party’s or its Subsidiaries’ employees, (ii) all Taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof) and (iii) any other funds (A) which any Loan Party holds on behalf of another Person and (B) which such Loan Party holds as an escrow or fiduciary for such Person.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Trust business means the business of acting as trustee, executor or administrator;

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Internet Assets means any Internet domain names and other computer user identifiers and any rights in and to sites on the worldwide web, including rights in and to any text, graphics, audio and video files and html or other code incorporated in such sites.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Current Net Assets means the Portfolio’s net assets as of the most recent preceding day for which the Fund’s net assets were computed.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).