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.

  • 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.

  • 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.

  • 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.

  • 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.


More Definitions of Litigation Trust Funds

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 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 $500,000 in Cash used to initially fund the Litigation Trust pursuant to 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 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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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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