Litigation Trust Funds definition

Litigation Trust Funds means the $250,000 in Cash used to initially fund the Litigation Trust pursuant to the Plan.
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Litigation Trust Funds means the Cash to be paid to the Litigation Trust on the Effective Date pursuant to Article VIII.D of the Plan.
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Litigation Trust Funds means the Initial Litigation Trust Funds plus any Additional Funding.
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Examples of Litigation Trust Funds in a sentence

  • After payment in full of the Litigation Trust Funds pursuant to the preceding sentence, any Cash received in respect of any Litigation Trust Assets (excluding the Litigation Trust Funds themselves) shall be first allocated to replenish the Litigation Trust Fund Reserve Amount prior to being distributed to holders of Litigation Trust Interests in accordance with the Plan and the Litigation Trust Agreement.

  • On the Effective Date, FairPoint or Reorganized FairPoint, as the case may be, shall transfer the Initial Litigation Trust Funds to the Litigation Trust to finance the operations of the Litigation Trust.

  • After payment in full of the Litigation Trust Funds pursuant to the preceding sentence, any Cash received in respect of any Litigation Trust Assets (excluding the Litigation Trust Funds themselves) shall be distributed to holders of Litigation Trust Interests in accordance with the Plan and Litigation Trust Agreement.

  • In accordance with the Litigation Trust Agreement, upon the creation of the Litigation Trust, the Debtors or the Reorganized Debtors, as the case may be, shall transfer the Litigation Trust Funds to finance the operations of the Litigation Trust, which funding, subject to the Litigation Trust Fund Reserve Amount, shall be repaid to the holders of the Secured Working Capital Lender Claims from the first Cash received by the Litigation Trust.

  • In accordance with the Litigation Trust Agreement, upon the creation of the Litigation Trust, the Debtors or the Reorganized Debtors, as the case may be, will transfer the Litigation Trust Funds to finance the operations of the Litigation Trust, and the Debtors and the Reorganized Debtors will have no further obligation to provide any funding with respect to the Litigation Trust.

  • On the Effective Date, the Reorganized Debtor and the proposed Litigation Trustee shall execute the Litigation Trust Agreement and shall take all other necessary steps including the transfer of the Initial Litigation Trust Funds to establish the Litigation Trust and the authority to issue the Litigation Trust Interests.

  • In accordance with the Litigation Trust Agreement, upon the creation of the Litigation Trust, the Debtor or the Reorganized Debtor, as the case may be, shall transfer the Litigation Trust Funds to finance the operations of the Litigation Trust.

  • Accordingly, Distributions for the benefit of the holders of Prepetition Credit Agreement Claims (including distributions received from the Litigation Trust in respect of the Litigation Trust Funds or otherwise) shall be made to the Prepetition Credit Agreement Agent.

  • With the exception of the Excluded Assets, all property of the Debtors and the Estates under section 541(a) of the Bankruptcy Code including, but not limited to, all Litigation Trust Causes of Action, the Initial Litigation Trust Funds, and Excess Remaining Funds, if any, shall vest in the Litigation Trust as of the Effective Date.

  • On the Effective Date, New Holdco will enter into the Litigation Trust Agreement pursuant to which the Litigation Trust Funds will be advanced to the Litigation Trust.


More Definitions of Litigation Trust Funds

Litigation Trust Funds means Cash in an amount mutually agreeable to FairPoint or Reorganized FairPoint, as applicable, and the Lender Steering Committee, and which shall be used to fund the Litigation Trust in accordance with Section 8.17 of the Plan.
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Litigation Trust Funds means the $50,000.00 set forth in section 5(B) of Article III of the Plan.
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Litigation Trust Funds means Cash in an amount mutually agreeable
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Litigation Trust Funds means the $15 million of Plan Cash used to initially fund the Litigation Trust pursuant to Section 11.3 of the Plan.
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Litigation Trust Funds means the $15 million to Lender Cash used to fund the Litigation Trust pursuant to Section 10.3 of the Plan.
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Litigation Trust Funds means the net amount of the Litigation Trust Reserve transferred to the Litigation Trust after satisfaction of the Committee Fees and Expenses, up to the Committee Fees and Expenses Cap.
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Related to Litigation Trust Funds

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Litigation Trustee means a Person to be determined by SFC and the Initial Consenting Noteholders prior to the Effective Time, with the consent of the Monitor, to serve as trustee of the Litigation Trust pursuant to and in accordance with the terms thereof.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Trust Funds means, in the aggregate, all of the Funds and Accounts.

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

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any related assets. Trustee: U.S. Bank National Association or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be. Any capitalized terms used and not defined in this Agreement shall have the meanings ascribed to such terms in the 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 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.

  • 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.

  • 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.