Net Trust Proceeds definition

Net Trust Proceeds means the Cash proceeds received by the Creditor Trustee from time to time from the liquidation or other disposition of the Creditor Trust Assets, net of the reasonable or necessary costs of such sale or other disposition, including reasonable fees and expenses of the Creditor Trustee’s legal counsel and other Professionals incurred in connection therewith. For clarity, except for the BMO Cash Contribution, the term Net Trust Proceeds shall not include any Cash proceeds allocated in the Plan Budget for payment of Allowed Administrative Claims, Allowed Priority Tax Claims or Allowed Other Priority Claims pursuant to the Plan Budget or the Estate Administrative / Priority Savings Split, which are transferred to the Creditor Trustee for disposition pursuant to this Plan and the Creditor Trust Agreement.
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Net Trust Proceeds means the proceeds released from the Trust Fund at the Closing less the amount of such proceeds used or required to be used after the Closing to effect Share Repurchases (but before deducting any amounts necessary to pay the consideration for IPO Warrants surrendered for cancellation).
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Net Trust Proceeds means the Net Cash Available in the Liquidating Trust after satisfaction of Trust Expenses and after funding the Trust Expense Reserve.
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Examples of Net Trust Proceeds in a sentence

  • Under the Plan, Confirmation Order, Tort Trust Agreement and these Claims Resolution Facility Procedures, each Tort Trust Beneficiary whose Tort Claim is allowed shall receive his or her individually allocated distribution of the National Fund Net Trust Proceeds.

  • In addition, SBA shall have an Allowed Unsecured Claim in the amount of $4,663,052 and shall be entitled to Pro Rata distributions with Class 5 General Unsecured Claims of Net Trust Proceeds from the Creditor Trust.

  • The Creditor Trustee shall liquidate the Creditor Trust Assets, as applicable, and distribute the Net Trust Proceeds in accordance with the Plan, the Confirmation Order and the Creditor Trust Agreement.

  • Holders of Interests will receive payment of Net Trust Proceeds realized from the liquidation and collection of the Trust Assets after the Effective Date in accordance with Section 6.4 of the Plan.

  • The Liquidating Trustee shall reserve and segregate Cash sufficient to pay holders of Disputed Claims their pro rata portion, if any, ofthe Net Trust Proceeds distributed to Trust Beneficiaries.

  • Each holder of an Allowed Class 6 Unsecured Claim will receive as and when provided for in this Plan its pro rata share of Net Trust Proceeds realized from the liquidation and collection of the Trust Assets after the Effective Date in accordance with Section 6.4 of the Plan.

  • The Net Trust Proceeds shall equal not less than $17,100,000 plus the amount of the Underwriter Fee Cap.

  • The Virginia Provider Fund Net Trust Proceeds shall then be reduced by 20%.


More Definitions of Net Trust Proceeds

Net Trust Proceeds means the proceeds received by the Creditor Trustee from time to time from the sale or other disposition of the Creditor Trust Assets, net of the reasonable
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Related to Net Trust Proceeds

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • 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.

  • 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.

  • 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.

  • 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.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

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

  • 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."

  • 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.

  • 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.

  • 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.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

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

  • 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.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • 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.

  • Lead Securitization means, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Subject Proceeds has the meaning assigned to such term in Section 2.11(b)(ii).

  • Purchase Proceeds means any cash amounts received by the Master Servicer in connection with: (i) the repurchase of a Mortgage Loan or an REO Mortgage Loan by a Seller pursuant to Section 2.3 or (ii) the purchase of the Mortgage Loans and REO Properties by the Depositor, the Master Servicer, the Special Servicer or the holders of the Class R-I Certificates pursuant to Section 10.1(b).

  • Additional Trust Fund Expenses (i) Special Servicing Fees, Workout Fees and Liquidation Fees, (ii) interest in respect of unreimbursed Advances, (iii) the cost of various default-related or unanticipated Opinions of Counsel required or permitted to be obtained in connection with the servicing of the Mortgage Loans and the administration of the Trust Fund, (iv) unanticipated, non-Mortgage Loan specific expenses of the Trust Fund, including indemnities and expense reimbursements to the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer and the Depositor and federal, state and local taxes, and tax-related expenses, specifically payable out of the Trust Fund, (v) any fees or expenses that are expressly designated as an Additional Trust Fund Expense pursuant to any provision of this Agreement and (vi) any other default-related or unanticipated expense of the Trust Fund that is not covered by a Property Advance and for which there is no corresponding collection from a Mortgagor.

  • Redemption Proceeds means any proceeds in any applicable currency from a redemption in respect of the Charged Assets in accordance with the terms and conditions of such Charged Assets.

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • 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.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.