Examples of Liquidation Accounts in a sentence
The Mid-Tier Holding Company will not recognize any gain or loss on the transfer of its assets to the Holding Company and the Holding Company’s assumption of its liabilities in exchange for shares of common stock in the Holding Company or on the constructive distribution of such stock to Minority Stockholders and the Liquidation Accounts to the Eligible Account Holders and Supplemental Eligible Account Holders.
Such Liquidation Accounts and Transition Accounts shall remain as part of the assets of the applicable Investment Account for purposes of determining the fee payable to the Trustee in accordance with such fee schedule as may apply from time to time.
The Mid-Tier Holding Company will not recognize any gain or loss on the transfer of its assets to the Holding Company and the Holding Company’s assumption of its liabilities in exchange for interests in the Liquidation Accounts for the Eligible Account Holders and Supplemental Eligible Account Holders.
The holder of an Allowed Priority Tax Claim shall not assess or attempt to collect such penalty from the Debtors, the Liquidation Trust or the Liquidation Trustee, or their respective property, including, without limitation, the Liquidation Accounts (other than pursuant to its rights as a holder of an Allowed Class 3A Claim).
Any accounts other than the Liquidation Accounts may be closed at the discretion of the Liquidation Trustee once the accounts have served their intended purpose or have been replaced.
Eligible Account Holders and Supplemental Eligible Account Holders will not recognize any gain or loss upon their constructive exchange of their liquidation interests in Mid-Tier Holding Company for the Liquidation Accounts in the Holding Company.
Eligible Account Holders and Supplemental Eligible Account Holders will not recognize any gain or loss upon their constructive exchange of their liquidation interests in the Mid-Tier Holding Company for the Liquidation Accounts in the Holding Company.
The Liquidation Accounts shall be used for their designated purposes consistent with the terms of the Plan, the Winddown Orders and the Winddown Budget.
The Liquidation Accounts will have nominal, if any, fair market value.
Any gain resulting therefrom will be recognized, but only in an amount not in excess of the fair market value of the Liquidation Accounts and/or subscription rights received.