Initial Liquidation Trust Funding definition

Initial Liquidation Trust Funding means $2.25 million, to be funded from the Effective Date Cash.
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Initial Liquidation Trust Funding means (a) all proceeds of Shared Collateral plus
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Examples of Initial Liquidation Trust Funding in a sentence

  • On the Effective Date, or as soon thereafter as is practicable, the Liquidation Trustee shall establish the Liquidation Trust Expense Fund, the funding of which may include any Liquidation Trust Assets; provided, however, that the Liquidation Trust Expense Fund may not include more than $750,000 of the Initial Liquidation Trust Funding.

  • Confirmation Amount” means all Cash, which shall be funded from the Effective Date Cash, that is necessary to pay or reserve for Allowed Administrative Expense Claims, Allowed Priority Tax Claims, Allowed Non-Tax Priority Claims, Professional FeeClaims, Allowed Other Secured Claims, the GUC Budget Excess, and the Initial Liquidation Trust Funding, but shall not include any such amounts previously paid pursuant to the Approved Budget.

  • On the Effective Date, or as soon thereafter as is practicable, the Liquidation Trustee shall establish the Liquidation Trust Expense Fund, the funding of which may include any Liquidation Trust assets; provided, however, that the Liquidation Trust Expense Fund may not include more than $750,000 of the Initial Liquidation Trust Funding.

Related to Initial Liquidation Trust Funding

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.