Examples of Holding Period Trustee in a sentence
Cordaid supported the National Disaster Management Authority (NDMA) to develop national policy guidelines on the ‘Role of NGOs in Disaster Management’ and ‘Community Based Disaster Management’.
A Disqualified Creditor who fails to comply with the Disqualified Creditor Distribution Requirements within twenty (20) days of the Holding Period Trustee notifying it of the termination of the Holding Period Trust shall be deemed to have abandoned their right to receive a cash distribution from the Holding Period Trustee, without any further right to make any claim in respect of its Group Claim and such cash shall be redistributed in accordance with the terms of the Holding Period Trust Deed.
Any interest, dividends, distributions, repayments or prepayments (or any other rights or benefits) paid to the Holding Period Trustee from time to time in respect of Trust Consideration shall form part of the Trust Consideration and be dealt with in accordance with the terms of the Holding Period Trust Agreement.
Subject to (c) below, only Admitted Group Creditors who have complied with (a) above eight (8) Business Days prior to a Subsequent Distribution Date will be entitled to be distributed their EPM Entitlements from the Holding Period Trustee on the Subsequent Distribution Date.
Admitted Group Creditors (excluding a Disqualified Creditor) who fail to comply with the Initial Distribution Requirements or the Subsequent Distribution Requirements by the Expiry Date shall be deemed to have abandoned their DOCA Creditor Entitlements without any further right to make any claim in respect of its Group Claim and their DOCA Creditor Entitlements shall be distributed by the Holding Period Trustee to Group Creditors pursuant to the EPM Re-Run.
Admitted Group Creditors who have not satisfied the Initial Distribution Requirements or the Subsequent Distribution Requirements (as applicable), including in each case a Disqualified Creditor, will have their Holdco Facilities Commitments issued and delivered to the Holding Period Trustee on the Restructuring Effective Date, who will hold such entitlements on trust for the relevant Holdback Creditor, subject to the terms of the Holding Period Trust Deed.
The Holding Period Trustee shall be entitled to accept without enquiry, and shall not be obliged to investigate, any right and title that any Beneficiary may have to any of the Trust Property and shall not be liable for, or bound to require any person to remedy, any defect in its right or title.
If it is not possible to pay the proceeds of sale to the applicable Scheme Creditor under Clauses 9.3 and 9.4, then the Holding Period Trustee shall decide what to do with the net proceeds and shall have absolute discretion to make such decision as it thinks fit in the circumstances (including, if necessary or desirable, paying the monies into Court or gifting the same to such charity as the Holding Period Trustee thinks fit).
The Deed Administrators will have the discretion (acting reasonably and in good faith) to delay the distribution of DOCA Creditor Entitlements to a Group Creditor provided that such DOCA Creditor Entitlements are held by the Holding Period Trustee for and on behalf of the relevant Group Creditor until such time that all of that Group Creditor’s Holdback Claims have been finally determined as Admitted Group Claims and, if relevant, adjusted in accordance with clause9.7(e) below.
The debtor shall file with the Court proof of service of the Chapter 9 Notice at least three business days before the last date for filing of resistance to the petition.