Examples of Investor Trustee in a sentence
To the extent that the Investor Trust Committee does not appoint a successor within the time periods specified in the Investor Trust Agreement, then the Bankruptcy Court, upon the motion of any party-in-interest, including counsel to the Investor Trust, shall approve a successor to serve as the Investor Trustee.
The Investor Trustee shall be nominated by the Participant Investors in consultation with the Investor Trust Debtors, disclosed in the Plan Supplement, and subject to approval by the Bankruptcy Court at the Confirmation Hearing.
The Investor Trust Expenses, including the fees and expenses of any professionals retained by the Investor Trustee, shall be paid from the Investor Trust Assets.
For all federal income tax purposes, all parties (including the Plan Debtors, the Investor Trustee, and the Investor Trust Beneficiaries) shall treat the transfer of the Investor Trust Assets by the Plan Debtors to the Investor Trust, as set forth in the Investor Trust Agreement, as a transfer of such assets by the Plan Debtors to the Trust Beneficiaries entitled to Distributions from the Investor Trust Assets, followed by a transfer by such Holders to the Investor Trust.
On the Effective Date, the Investor Trustee shall be appointed and shall constitute a representative of the Plan Debtors’ estates under section 1123 of the Bankruptcy Code.
The Investor Trustee shall have the authority to seek an order from the Bankruptcy Court removing or replacing any member of the Investor Trust Committee for cause.
The position of Wind-Down Administrator may be filled by the Investor Trustee (including any successor Investor Trustee), and the Investor Trust Agreement will permit the Investor Trustee to fulfil the role of and discharge the duties of the Wind-Down Administrator.
Any successor Investor Trustee shall serve in such capacity for the duration set forth in the prior sentence.
The Investor Trustee shall have the ability to seek an order of the Bankruptcy Court that Allows, Disallows, or subordinates any Equity Interest in, or Investor Claim against, an Investor Trust Debtor or establishes a supplemental bar date for purposes of determining whether any additional Equity Interests in, or Investor Claims against, the Investor Trust Debtors exist.
Pursuant to the Plan and the Investor Trust Agreement, the Investor Trustee shall act in a fiduciary capacity on behalf of the interests of all Holders of Claims and Equity Interest that will receive Distributions pursuant to the terms of the Plan and Investor Trust Agreement.