Liquidating Trust Interests definition

Liquidating Trust Interests means the uncertificated beneficial interests in the Liquidating Trust representing the right of each Holder of an Allowed Claim thereof to receive distributions from the Liquidating Trust in accordance with Article IV of the Plan.

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Liquidating Trust Interests means the non-certificated beneficial interests of the Liquidating Trust allocable to holders of Allowed Claims in accordance with the terms and conditions of the Liquidating Trust Agreement, which may or may not be transferable.

Liquidating Trust Interests means the beneficial interests in the Liquidating Trust to be issued to the Liquidating Trust Beneficiaries pursuant to the Plan and the Liquidating Trust Agreement.

Examples of Liquidating Trust Interests in a sentence

The Beneficiaries of the Liquidating Trust are the holders of the Liquidating Trust Interests and shall be recorded and set forth in a register maintained by the Liquidating Trustee expressly for such purpose.
All references in this Trust Agreement to the Beneficiaries or the holders of Liquidating Trust Interests shall be read to mean holders of record as set forth in the official register maintained by the Liquidating Trustee and shall not mean any beneficial owner not recorded on such official registry.
The distribution of Liquidating Trust Interests to the Beneficiaries shall be accomplished as set forth in the Plan.
The Liquidating Trustee shall maintain in respect of the Liquidating Trust and the holders of Liquidating Trust Interests books and records relating to the Liquidating Trust Assets and income of the Liquidating Trust and the payment of expenses of, and liabilities of claims against or assumed by, the Liquidating Trust in such detail and for such period of time as may be necessary to enable it to make full and proper accounting in respect thereof.
The Liquidating Trustee shall cause to be kept a registry of such Liquidating Trust Interests and the Liquidating Trust Beneficiaries of the Liquidating Trust (the “Trust Register”) which shall be maintained pursuant to such reasonable regulations as the Liquidating Trustee may prescribe.

More Definitions of Liquidating Trust Interests

Liquidating Trust Interests means the non-transferable interests in the

Liquidating Trust Interests means the interests distributed to holders of Convenience Claims and General Unsecured Claims, as applicable, in accordance with Article

Liquidating Trust Interests means the beneficial interests, if any, in the Liquidating Trust Assets for distribution to the Beneficiaries.

Liquidating Trust Interests means the Class A-1 Trust Units, the Class A-2 Trust Units, the Class A-3 Trust Units and the Class C Trust Units and any other beneficial interests in the Liquidating Trust that may be issued pursuant to the Plan or the Liquidating Trust Agreement.

Liquidating Trust Interests means the beneficial interests, if any, in the Liquidating Trust Assets for distribution to the Beneficiaries or otherwise as set forth in the Liquidating Trust Agreement.

Liquidating Trust Interests means the non-transferable interests in the Liquidating Trust that are issued to the Beneficiaries pursuant to the combined Disclosure Statement and Plan.

Liquidating Trust Interests means the interests in the Liquidating Trust allocated to the Beneficiaries.