Litigation Trust Interests definition

Litigation Trust Interests means the beneficial interests in the Litigation Trust to be created on the Plan Implementation Date.

Litigation Trust Interests means the beneficial interests in the Litigation Trust;

Litigation Trust Interests means the Class 1C Litigation Trust Interests, Class 1D Litigation Trust Interests, Class 1E Litigation Trust Interests, Class 1F Litigation Trust Interests, Class 1I Litigation Trust Interests, and Class 1J Litigation Trust Interests.

Examples of Litigation Trust Interests in a sentence

• The Litigation Trust Interests shall not be capable of being transferred, assigned, pledged or hypothecated, in whole or in part.

• The Litigation Trust Interests will be uncertificated; accordingly, distributions of Litigation Trust Interests will be accomplished solely by the entry of the names of the holders and their respective Litigation Trust Interests in the books and records of the Litigation Trust.

• The distribution of Litigation Trust Interests to the holders of Litigation Trust Interests shall be accomplished as set forth herein.

• Under section 1145 of the Bankruptcy Code, the issuance of Litigation Trust Interests under the Plan shall be exempt from registration under the Securities Act of 1933, as amended, and applicable state and local laws requiring registration of securities.

• The Litigation Trust Interests have not been registered pursuant to the Securities Act of 1933, as amended, or any state securities law.

More Definitions of Litigation Trust Interests

Litigation Trust Interests means the interests in the Litigation Trust, distributions of which will be made to Holders of Allowed General Unsecured Claims in accordance with Article III.B.4.

Litigation Trust Interests means the interests to be issued to the Litigation Trust Lenders and Holders of Allowed First Lien Lender Deficiency Claims, and Allowed General Unsecured Claims evidencing their interests in the Litigation Trust and the right to receive certain distributions therefrom in accordance with the Litigation Proceeds Waterfall.

Litigation Trust Interests means the non-transferable interests in the respective Litigation Trusts that are issued to the Litigation Trust Beneficiaries pursuant to this Plan.

Litigation Trust Interests means the beneficial interests in the Litigation Trust, which shall be allocated Pro Rata to the Holders of Class 4A General Unsecured Claims and Holders of Class 4B Prepetition Revolving Credit Facility Deficiency Claims.

Litigation Trust Interests means the beneficial interests in the Litigation Trust to be deemed distributed to holders of Allowed Prepetition Credit Agreement Claims and Allowed FairPoint Communications Unsecured Claims and the right to receive distributions on account of such beneficial interests.

Litigation Trust Interests shall have the meaning ascribed to such term in Section 3.2 herein.

Litigation Trust Interests means the beneficial interests in the Litigation Trust to be deemed distributed to holders of Allowed Senior Notes Claims, Allowed Lender Deficiency Claims, and Allowed General Unsecured Claims.