Litigation Trust Assets definition

Litigation Trust Assets means the Litigation Trust Claims.

Litigation Trust Assets means the Litigation Trust Claims, the Litigation Trust Funds and any other assets acquired by the Litigation Trust on or after the Effective Date pursuant to the Litigation Trust Agreement or the Plan.

Litigation Trust Assets means the Non-Settling Defendant Claims, Assigned Preference Claims and any Cash contributed to the Litigation Trust.

Examples of Litigation Trust Assets in a sentence

• Accordingly, for U.S. federal income tax purposes, the Litigation Trust Assets shall be treated by all parties as having been distributed (subject to any obligations relating to such assets) by the Debtors to the Litigation Trust Beneficiaries pursuant to the Plan followed by the transfer by the Litigation Trust Beneficiaries to the Litigation Trust of the Litigation Trust Assets in exchange for the beneficial interests in the Litigation Trust.

• Upon the transfer of the Litigation Trust Assets, the Litigation Trust shall succeed to all of the right, title, and interest of the Debtors in and to the Litigation Trust Assets, and the Debtors and the Post-Effective Date Debtors shall not have any further interest in or with respect to the Litigation Trust Assets or the Litigation Trust.

• Transfer of the Litigation Trust Assets to the Litigation Trust shall be made for the benefit of the Litigation Trust Beneficiaries to the extent provided for under the Plan.

• The ownership of a beneficial interest in the Litigation Trust Assets shall not entitle any such holder to any title in or to the assets of the Litigation Trust as such (which title shall be vested in the Litigation Trust pursuant to Section 1.2 hereof) or to any right to call for a partition or division of the assets of the Litigation Trust or to require an accounting.

• The Zinnia COAs (as defined in the Plan Supplement) shall not constitute Litigation Trust Assets, and, to the extent the Final Purchase Price exceeds the amount already paid by Zinnia to the Debtors in accordance with the Zinnia APA, such proceeds constitute Available Cash pursuant to the Plan and shall be distributed pursuant to the Plan to the Holders of Allowed Prepetition Secured Lender Claims.

More Definitions of Litigation Trust Assets

Litigation Trust Assets means (a) the Specified Causes of Action and (b) the Litigation Trust Funds.

Litigation Trust Assets means (i) all Avoidance Claims belonging to Casino, Holdings II, Builders, Realty, and Trappers, (ii) all Avoidance Actions belonging to Holdings, including the Unsettled Bond Avoidance Action Claims (iii) the proceeds of the Litigation Trust Loan, (iv) the Litigation Claims Proceeds, and (v) any proceeds, including interest, of the foregoing assets.

Litigation Trust Assets means all Preserved Causes of Action, including any proceeds therefrom, and any interest and earnings on such proceeds.

Litigation Trust Assets means those rights, claims or other assets to be transferred to and owned by the Litigation Trust pursuant to Section 5.8 of the Plan for the benefit of each of Classes 4, 5, 6, and 7, which are comprised of (i) the Litigation Trust Initial Deposit, (ii) the Potential Tax Refunds, (iii) all of the Debtors' rights and standing to object to, litigate, settle and otherwise resolve (a) the Tobacco Causes of Action, (b) the Avoidance Actions and (c) the Material Rights of Action, and (iv) any and all proceeds of the foregoing and interest actually earned. Litigation Trust Assets shall not include the FB Reversions.

Litigation Trust Assets means all Preserved Causes of Action, including any proceeds therefrom, and any interest and earnings on such proceeds; provided, however, Litigation Trust Assets shall exclude Disclaimed State Law Avoidance Claims and Step Two-LBO Related Causes of Action (other than disgorgement claims) to avoid, disallow or subordinate Step Two Senior Loan Claims and/or Step Two Senior Loan Guaranty Claims, including any proceeds therefrom, and any interest and earnings on such proceeds.

Litigation Trust Assets means the Litigation Trust Payment and the Litigation Trust Causes of Action and all proceeds of the foregoing. For the avoidance of doubt, the Litigation Trust Assets shall not include the Retained Causes of Action.

Litigation Trust Assets means the Litigation Trust Causes of Action and the Litigation Trust Proceeds.