Liquidation Trust Advisory Board definition

Liquidation Trust Advisory Board means the advisory board, consisting of three (3) members, selected by the Creditors’ Committee and established on the Effective Date in accordance with the Liquidation Trust Agreement.
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Liquidation Trust Advisory Board means the four-member advisory board of the Liquidation Trust to be established pursuant to Article XI.D of the Plan, which shall consist of the Unsecured Creditors’ Liquidation Trust Representatives, the First Lien’s Liquidation Trust Representative and the Second Lien’s Liquidation Trust Representative.
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Liquidation Trust Advisory Board means the board that is to be created pursuant to section 13.4 of this Plan for the purpose of advising the Liquidation Trust Administrator with respect to decisions affecting the Liquidation Trust to the extent set forth in the Liquidation Trust Agreement.
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Examples of Liquidation Trust Advisory Board in a sentence

  • The uses currently proposed for these lands are for landscaping and access stairs.

  • Further, Article XI.E of the Joint Plan describes the manner of selection of successor members of the Liquidation Trust Advisory Board and a successor Liquidation Trustee following the Effective Date, to the extent necessary.

  • Positive Outcomes of the Proposed Approach  Individuals are protected from premature return to work and risk of recurrence.

  • Upon the Effective Date, all actions contemplated by the Joint Plan shall be deemed authorized and approved in all respects, including: (a) entry into the Liquidation Trust Agreement; (b) appointment of the Liquidation Trustee and designation of the Members of the Liquidation Trust Advisory Board; (c) the establishment of the Disputed Claims Reserve; and(d) all other actions contemplated by the Joint Plan (whether contemplated to occur before, on or after the Effective Date).

  • The Joint Plan complies with the requirements of section 1129(a)(5) of the Bankruptcy Code because the Proponents have disclosed in the Liquidation Trustee Notice and the Liquidation Trust Advisory Board Notice, as applicable, the following: (a) the identity of theLiquidation Trustee, (b) the nature of compensation for the Liquidation Trustee and (c) the identity of the initial members of the Liquidation Trust Advisory Board.

  • The means for selection of the initial Liquidation Trustee and the initial Members of the Liquidation Trust Advisory Board was and is consistent with the interests of holders of Claims and Interests and public policy.

  • The identity of the members of the Liquidation Trust Advisory Board shall be disclosed in the Plan Supplement.

  • In the event of the resignation or removal of the Liquidation Trust Administrator, the Liquidation Trust Advisory Board shall, by majority vote, designate a person to serve as successor Liquidation Trust Administrator.

  • From time to time, but no less frequently than quarterly, the Liquidation Trust Administrator, in consultation with the Liquidation Trust Advisory Board, shall estimate the amount of Liquidation Trust Recoveries required to pay then outstanding and reasonably anticipated Liquidation Trust Expenses.

  • The Liquidation Trust Administrator shall have full authority to take any steps necessary to administer the Liquidation Trust Agreement, including, without limitation, the duty and obligation to liquidate Liquidation Trust Assets, to make distributions to the holders of Claims entitled to distributions from the Liquidation Trust and, if authorized by majority vote of those members of the Liquidation Trust Advisory Board authorized to vote, to pursue and settle Liquidation Trust Claims.


More Definitions of Liquidation Trust Advisory Board

Liquidation Trust Advisory Board means an advisory board for the Liquidation Trust consisting of three (3) members to be identified in the Plan Supplement, with one (1) member selected by the Debtors and two (2) members selected by the Committee.
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Liquidation Trust Advisory Board means the advisory board created for the Liquidation Trust and as further described in Section 6.
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Related to Liquidation Trust Advisory Board

  • 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 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 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.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Independent Trustees means the members of the Fund’s Board of Trustees who are not "interested persons" (as defined in the 0000 Xxx) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any agreement relating to this Plan.

  • Independent Trustee means a Trustee who is not an interested person within the meaning of Section 2(a)(19) of the Investment Company Act.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Investment Committee means the committee in charge of investment aspects of the Plan, as described in Article VII.

  • Liquidation Agent has the meaning set forth in Section 9.03.

  • Managing Member is defined in the recitals to this Agreement.

  • Delaware Trustee means, with respect to the Trust, the Person identified as the "Delaware Trustee" in the Trust Agreement, solely in its capacity as Delaware Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as therein provided.