GUC Trust Proceeds definition

GUC Trust Proceeds means the Cash proceeds from liquidation of the GUC trustAssets.
Sample 1Sample 2Sample 3
GUC Trust Proceeds means the Cash proceeds from liquidation of the GUC trust Assets.
Sample 1

Examples of GUC Trust Proceeds in a sentence

  • Thereafter, the GUC Trust Proceeds shall be distributed in accordance with the GUC Trust Waterfall, the Plan and the GUC Trust Agreement.

  • Each holder of an Allowed General Unsecured Claim shall receive its pro rata share of the GUC Trust Proceeds allocated to General Unsecured Claims in accordance with the GUC Trust Waterfall.

  • Until such time as the Reorganized Debtors have been indefeasibly repaid in full for (i) the GUC Trust Initial Funding Amount and (ii) any and all Professional Claim amounts paid by the Debtors or Reorganized Debtors in excess of the amounts authorized under the DIP Budget, all GUC Trust Proceeds shall be paid to the Reorganized Debtors within fourteen (14) days of receipt thereof and shall be applied in accordance with the GUC Trust Waterfall.

  • The GUC Trust shall be established as a trust for the primary purpose of (i) monetizing the GUC Trust Assets and distributing the GUC Trust Proceeds in accordance with the GUC Trust Waterfall, and(ii) reconciling all General Unsecured Claims asserted against the Debtors at any time with no objective to continue or engage in the conduct of a trade or business.

  • Pursuant to the Plan, each Holder of a General Unsecured Claim will receive, in satisfaction of such Claim, a beneficial interest in the GUC Trust entitling such Holder to its pro rata share of the GUC Trust Proceeds in accordance with the GUC Trust Waterfall.

  • See D.I. 159 §§ I (“except for the GUC Trust Proceeds, all of the property and assets of the Debtor .

  • The GUC Trust shall be established as a trust for the primary purpose of (i) monetizing the GUC Trust Assets and distributing the GUC Trust Proceeds in accordance with the GUC Trust Waterfall, and (ii) reconciling all General Unsecured Claims asserted against the Debtors at any time.

  • Treatment: Each holder of an Allowed General Unsecured Claim shall receive its pro rata share of the GUC Trust Proceeds allocated to General Unsecured Claims in accordance with the GUC Trust Waterfall.

  • Distributions to General Unsecured Creditors Under the Plan Pursuant to the Plan, if you are an unsecured creditor of the Debtor but were not a SuiteKey member, then your Claim is in Class 4 and you will receive your pro rata share of the GUC Trust Proceeds (i.e., cash) on account of your Claim (estimated to be 2.3% to 15% of your claim).

  • The GUC Trust shall be established as a trust for the primary purpose of (i) monetizing the GUC Trust Assets and distributing the GUC Trust Proceeds in accordance with the GUC Trust Waterfall, and (ii) reconciling all General Unsecured Claims asserted against the Debtors at any time with no objective to continue or engage in the conduct of a trade or business.

Related to GUC Trust Proceeds

  • Trust Property means as of any particular time any and all property, real or personal, tangible or intangible, which at such time is owned or held by or for the account of the Trust or the Trustees in such capacity.

  • Investment Proceeds means, with respect to any Determination Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 1996-1 Accounts, together with an amount equal to the Series 1996-1 Allocation Percentage of the interest and other investment earnings on funds held in the Collection Account credited as of such date to the Collection Account pursuant to Section 4.02 of the Agreement.

  • Enforcement Proceeds means the gross proceeds from the realisation of Vehicles in respect of Purchased Receivables and from the enforcement of any other Ancillary Rights.

  • 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.

  • 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.

  • Escrowed Proceeds shall include any interest earned on the amounts held in escrow.

  • 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).

  • 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."

  • 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.

  • Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Proceeds all “proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Interest Proceeds means, with respect to any Collection Period or the related Determination Date, without duplication, the sum of:

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

  • Equity Proceeds means the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) from the issuance of any equity Securities of Company after the Effective Date.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Net Securities Proceeds means the cash proceeds (net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses) from the incurrence of Indebtedness by Company or any of its Subsidiaries.

  • Redemption Proceeds means any proceeds in any applicable currency from a redemption in respect of the Charged Assets in accordance with the terms and conditions of such Charged Assets.

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

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

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