Liquidating Trust Beneficiaries definition

Liquidating Trust Beneficiaries means the holders of Liquidating Trust Interests.

Liquidating Trust Beneficiaries means those holders of Allowed Claims against or Equity Interests in a Debtor to the extent such holders receive Liquidating Trust Interests.

Liquidating Trust Beneficiaries means those holders of Allowed Claims against the Liquidating Debtor to the extent such holders receive Liquidating Trust Interests.

Examples of Liquidating Trust Beneficiaries in a sentence

• All parties (including the Liquidating Trustee, the Debtors, and the Liquidating Trust Beneficiaries) shall report for United States federal, state and local income tax purposes consistently with the foregoing.

• In addition, in the case of any Liquidating Trust Beneficiaries that are not U.S. persons, the Liquidating Trustee may be required to withhold up to 30% of the income or proceeds allocable to such persons, depending on the circumstances (including whether the type of income is subject to a lower treaty rate).

• The Liquidating Trustee will then in good faith value all other Liquidating Trust Assets, and shall make all such values (including the Tax Refund values) available from time to time, to the extent relevant, and such values shall be used consistently by all parties to the Liquidating Trust (including, without limitation, the Debtors, the Liquidating Trustee, and Liquidating Trust Beneficiaries) for all United States federal income tax purposes.

• Such valuation shall be made available from time to time to all parties to the Liquidating Trust (including, without limitation, the Debtors and Liquidating Trust Beneficiaries), to the extent relevant to such parties for tax purposes, and shall be used consistently by such parties for all United States federal income tax purposes.

• In all circumstances, the Liquidating Trustee shall comply with all of the Debtors’ obligations under the Global Settlement Agreement and in accordance with applicable law, and otherwise shall act in the best interests of all Liquidating Trust Beneficiaries and in furtherance of the purpose of the Liquidating Trust.

More Definitions of Liquidating Trust Beneficiaries

Liquidating Trust Beneficiaries means Holders of Allowed Class 3 Claims.

Liquidating Trust Beneficiaries means all individuals and entities entitled to Distributions from the Liquidating Trust under the Plan.

Liquidating Trust Beneficiaries means (i) the holders of Units and

Liquidating Trust Beneficiaries means the Holders of Claims and Equity Interests under the Plan. Notwithstanding the fact that the Indenture Trustee has filed an Allowed Claim on behalf of the Noteholders, such Noteholders are deemed to be Liquidation Trust Beneficiaries, it being understood and agreed that the Indenture Trustee is not a Liquidating Trust Beneficiary.

Liquidating Trust Beneficiaries means the Holders of Claims and Equity Interests under this Plan. Notwithstanding the fact that the Indenture Trustee has filed an Allowed Claim on behalf of the Noteholders, such Noteholders are deemed to be Liquidation Trust Beneficiaries.

Liquidating Trust Beneficiaries means the holders of Allowed Claims under this Plan, whether or not such Claims are Allowed as of the Effective Date.

Liquidating Trust Beneficiaries means all Holders of an Allowed General Unsecured Claim.