Liquidation Trust Proceeds definition

Liquidation Trust Proceeds means the proceeds from the collection, liquidation, sale or other disposition of the Debtor’s Assets as of the Effective Date, including the proceeds received from any Causes of Action.
Sample 1Sample 2Sample 3
Liquidation Trust Proceeds means all proceeds recovered by the Liquidation Trustee from the assets of the Liquidation Trust, including, without limitation, all proceeds from the prosecution, compromise, and settlement of the Liquidation Trust Claims, all of which shall be assets of the Liquidation Trust and held as a part thereof.
Sample 1Sample 2
Liquidation Trust Proceeds means the proceeds from the collection, liquidation,
Sample 1

Examples of Liquidation Trust Proceeds in a sentence

  • Distributions of Liquidation Trust Proceeds or other property of the Liquidation Trust shall be made to holders of Liquidation Trust Interests on a pro rata basis, as more fully described below.

  • Each Holder of a Class 7 Allowed Unsecured Claim against CD, Holdings or Prosperity will receive, in full satisfaction, settlement, release, and discharge and in exchange for such Claim, its Pro Rata share of the Net Liquidation Trust Proceeds after all Secured Claims (Classes 1, 2, 3, 4 and 5) and Class 6 Priority Claims Other Than Tax Priority Claims have been paid in full.

  • The Net Liquidation Trust Proceeds will be distributed to the Holders of Class 7 Claims pursuant to the terms of the Liquidation Trust Agreement.

  • It will receive for such Allowed Secured Claims of Senior First Lien Lenders against CD, Holdings and Prosperity, all of the Net Liquidation Trust Proceeds until such Claims have been paid in full.

  • After irrevocable payment in full of the Claims in Classes 1, 2 and 3, it will receive all of the Net Liquidation Trust Proceeds until such Claims have been paid in full.

  • To the extent there are Secured Claims against the assets of either CD, Holdings or Prosperity other than the Secured Claims set forth in Classes 1, 2, 3 or 4, such other Allowed Secured Claims shall be paid from any Net Liquidation Trust Proceeds derived from the collateral that secures such other Allowed Secured Claims after payment in full of the Allowed Secured Claims in Classes 1, 2, 3 and 4.

  • The Net Liquidation Trust Proceeds will be distributed to the Holders of Class 6 Claims pursuant to the terms of the Liquidation Trust Agreement.

  • After irrevocable payment in full of the Claims in Class 1, it will receive for such Allowed Secured Claims of Prosperity Lenders against CD, Holdings and Prosperity all of the Net Liquidation Trust Proceeds, until such Claims have been paid in full.

  • After irrevocable payment in full of the Claims in Class 1 and 2, it will receive all of the Net Liquidation Trust Proceeds until such Claims have been paid in full.

  • Each Holder of a Class 6 Priority Claim Other Than Tax Priority Claims against CD, Holdings or Prosperity will receive, in full satisfaction settlement, release, and discharge and in exchange for such Claim, its Pro Rata share of the Net Liquidation Trust Proceeds after all Secured Claims (Classes 1, 2, 3, 4 and 5) have been paid in full.


More Definitions of Liquidation Trust Proceeds

Liquidation Trust Proceeds means the proceeds from the collection, liquidation, sale or other disposition of the Debtors’ Assets, including the proceeds received from any Causes of Action, Recovery Actions and/or Estate Litigation or any contributions to the Liquidation Trust pursuant to this Reorganization Plan.
Sample 1
Liquidation Trust Proceeds means any and all Cash, property and other rents, profits, and/or proceeds derived from the Liquidating Trust Assets, including reducing Retained Causes of Action to Cash.
Sample 1

Related to Liquidation Trust Proceeds

  • 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 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.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating 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 Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • Net Liquidation Proceeds With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.

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

  • Excess Liquidation Proceeds To the extent that such amount is not required by law to be paid to the related Mortgagor, the amount, if any, by which Liquidation Proceeds with respect to a Liquidated Mortgage Loan exceed the sum of (i) the Outstanding Principal Balance of such Mortgage Loan and accrued but unpaid interest at the related Mortgage Interest Rate through the last day of the month in which the related Liquidation Date occurs, plus (ii) related Liquidation Expenses.

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

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Trust Property means as of any particular time any and all property, real or personal, tangible or intangible, which at such time is owned or held by or for the account of the Trust or the Trustees in such capacity.

  • Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

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

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Excess Liquidation Proceeds Account The segregated account (or the sub-account of the Distribution Account) created and maintained by the Certificate Administrator on behalf of the Trustee pursuant to Section 3.04(d) for the benefit of the Certificateholders, which shall be entitled “Xxxxx Fargo Bank, National Association [or the name of any successor Certificate Administrator], as Certificate Administrator on behalf of Wilmington Trust, National Association [or name of any successor Trustee], as Trustee, for the benefit of the registered holders of WFRBS Commercial Mortgage Trust 2014-C22, Commercial Mortgage Pass-Through Certificates, Series 2014-C22, Excess Liquidation Proceeds Account”.

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Liquidation Principal The principal portion of Liquidation Proceeds received with respect to each Mortgage Loan which became a Liquidated Mortgage Loan (but not in excess of the principal balance thereof) during the Prior Period.

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

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

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Trust Funds means any cash or Permitted Investments comprised of (a) funds specially and exclusively used (i) for payroll and payroll taxes and other employee benefit payments to or for the benefit of employees of Loan Parties and their subsidiaries, (ii) to pay all taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof)) and (b) any other funds which any Loan Party holds on behalf as an escrow or fiduciary for another person (other than another Loan Party).

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Investment Proceeds means, with respect to any Determination Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 1996-1 Accounts, together with an amount equal to the Series 1996-1 Allocation Percentage of the interest and other investment earnings on funds held in the Collection Account credited as of such date to the Collection Account pursuant to Section 4.02 of the Agreement.

  • Liquidating Event has the meaning set forth in Section 13.1 hereof.