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, 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.

Examples of GUC Trustee in a sentence

• Any Distribution Agent appointed by PREPA or the GUC Trustee shall serve without bond.

• PREPA, Reorganized PREPA, the GUC Trustee, and/or the Solicitation Agent shall act as Distribution Agent or may employ or contract with other Entities, to act as the Distribution Agent or to assist in or make the distributions required by the Plan.

• The GUC Trustee shall be obligated to provide prompt written responses to the Oversight Board’s questions, from time to time, about the GUC Trust’s progress in administering its Assets and distributions and its finances.

• Subject to the approval and consent of the GUC Trust Board, the GUC Trust may retain and compensate attorneys, other professionals, and employees to assist the GUC Trust Board on such terms as the GUC Trustee deems appropriate without Title III Court approval.

• 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.

More Definitions of GUC Trustee

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

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

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 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 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 (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.