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.