GUC Trustee definition

GUC Trustee means the trustee appointed by the GUC Trust Board, by a simple majority vote of such board, contemporaneously with the Effective Date in accordance with the terms and provisions of the GUC Trust Deed of Trust, including, without limitation, any successor thereto.

GUC Trustee means the trustee of the GUC Trust, as appointed in accordance with the GUC Trust Agreement.

GUC Trustee means the trustee selected by the Creditors Committee to administer the GUC Trust.

Examples of GUC Trustee in a sentence

• Subject to the terms of the GUC Trust Agreement, the GUC Trustee will determine the fair market value of the GUC Trust Assets as soon as possible after the Effective Date, and the GUC Trust Beneficiaries and the GUC Trustee must consistently use this valuation for all U.S. federal income tax purposes, including for determining gain, loss or tax basis.

• The GUC Trustee may not assert any rights of offset, except with the prior express written consent of the Reorganized Debtors.

• The Debtors and the Reorganized Debtors shall have no direct or indirect control, influence, or authority over the GUC Trust, the GUC Trustee, or the GUC Trust Oversight Committee or any of their respective decisions.

• The GUC Trustee will have authority to retain, on behalf of the GUC Trust, any counsel, financial advisors, claims agent, auditors, or other such professionals as it deems appropriate at all times.

• The GUC Trustee shall also file (or cause to be filed) any other statement, return, or disclosure relating to the GUC Trust that is required by any Governmental Unit.

More Definitions of GUC Trustee

GUC Trustee means the trustee of the GUC Trust, who shall be

GUC Trustee means, in its capacity as such, the Person selected by the Creditors’ Committee to serve as the trustee of the Trust, and any successor thereto in accordance with the GUC Trust Agreement.

GUC Trustee means, if applicable, a person or entity acceptable to the Debtors and the Creditors’ Committee, in consultation with MedCo and Vatera, and identified in the Plan Supplement and approved by the Bankruptcy Court pursuant to the Confirmation Order to serve as trustee of the GUC Trust in accordance with the terms of the Plan and the GUC Trust Agreement.

GUC Trustee means the trustee of the GUC Trust.

GUC Trustee means the person or firm selected by the Committee to be appointed as trustee of the GUC Trust pursuant to Section 9.5 of the Plan and the GUC Trust Agreement.

GUC Trustee means the trustee appointed pursuant to Article IV.B of the Plan (or any successor trustee), in their or its capacity as the trustee of the GUC Trust, who shall be solely responsible for overseeing the reconciliation, objection, settlement, or other disposition of General Unsecured Claims asserted in these Chapter 11 Cases.

GUC Trustee means (x) initially, the Person named in the introductory paragraph to this GUC Trust Agreement as the GUC Trustee, and (y) any successors or replacements duly appointed under the terms of this GUC Trust Agreement. The GUC Trustee shall be deemed an officer of the Bankruptcy Court appointed as a fiduciary and representative of the GUC Trust in order to implement the terms of the Plan with respect to the GUC Trust.