Net Trust Recoveries definition

Net Trust Recoveries means the amount by which the aggregate amount of Trust Recoveries exceeds the aggregate of (a) the reasonable and necessary expenses incurred by the Trustee or to be incurred by the Trustee (as estimated by the Trustee in consultation with the Trust Advisory Board) in fulfilling the obligations set forth in the Plan and the Trust Agreement and (b) the reasonable and necessary expenses of the Trust Advisory Board.
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Net Trust Recoveries means the amount by which the aggregate amount of Trust Recoveries exceeds the aggregate of the Expense Advance and incurred and reasonably foreseeable Trust Expenses.
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Net Trust Recoveries means the amount by which the aggregate amount of Trust Recoveries exceeds the aggregate amount of (a) the compensation paid to the Trustee pursuant to Section 7.6 below and reasonable and necessary expenses incurred by the Trustee or to be incurred by the Trustee (as estimated by the Trustee in consultation with the Trust Advisory Board and including, without limitation, the fees and expenses of the Trustee's Professionals) in fulfilling the obligations set forth in the Plan and this Trust Agreement plus (b) the reasonable and necessary expenses incurred or to be incurred by the Trust Advisory Board (as estimated by the Trust Advisory Board and including, without limitation, the fees and expenses of any counsel and other professionals retained directly by the Trustee Advisory Board, separate from the Trustee's Professionals).
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Examples of Net Trust Recoveries in a sentence

  • The Cash portion of Net Trust Recoveries in excess of such actual and estimated Trust Expenses will be made available for distribution to Claimholders in the amounts, on the dates and subject to the other terms and conditions provided in the Plan.

  • From time to time, but no less frequently than quarterly, the Trustee, in consultation with the Trust Advisory Board, will estimate the amount of Net Trust Recoveries required to pay then outstanding and reasonably anticipated Trust Expenses.

  • The Cash portion of Net Trust Recoveries in excess of such actual and estimated Trust Expenses shall be made available for distribution to Claimholders in the amounts, on the dates and subject to the other terms and conditions provided in this Plan.

  • The Individual Trustees shall distribute Net Trust Recoveries as follows: (i) first, to repay amounts, if any, borrowed by the Individual Trustees in accordance with this Trust Agreement; and (ii) second, subject to the last sentence of this Section 3.3(b), to pay to SoftBrands the amount of the SoftBrands Obligation and to distribute to the Class Members the remainder of the Net Trust Recoveries, as required by the Plan and this Trust Agreement.

  • In the event that all Class 5 Trust Distribution Amounts are fully paid and satisfied, the remaining Net Trust Recoveries, if any, payable to holders of Allowed Senior Note Claims shall be paid on a Pro Rata basis to holders of Allowed Subordinated Note Claims and Allowed General Unsecured Claims.

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  • The Trustee shall deliver to the Reorganized Debtors written notice of the first Trust Distribution Date on which the Trustee intends to make the initial distribution of any Net Trust Recoveries.

  • Notwithstanding the foregoing, if Class 6 votes to accept the Plan, the subordination provisions in the Indentures will be deemed to be waived (only to the extent necessary) for the limited purpose of allowing the holders of Allowed Subordinated Notes Claims to receive distributions of Series A Warrants and Net Trust Recoveries as set forth in Section 4.8 of the Plan.

  • Holders of the Beneficial Interests in the Trust shall be entitled to their respective pro rata shares of ninety percent (90%) of Net Trust Recoveries.

  • A holder of an Allowed General Unsecured Claim also shall have the right to receive distributions from the HLI Creditor Trust of a Pro Rata share of one-third (1/3) of the Net Trust Recoveries; provided, however, that the amount of Net Trust Recoveries payable to a holder of an Allowed General Unsecured Claim shall not exceed such Claimholder's Class 7 Trust Distribution Amount.


More Definitions of Net Trust Recoveries

Net Trust Recoveries means the amount by which the aggregate amount of Trust Recoveries exceeds the aggregate amount of Trust Expenses and Reserves.
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Related to Net Trust Recoveries

  • Subsequent Recoveries As to any Distribution Date, with respect to a Liquidated Mortgage Loan that resulted in a Realized Loss in a prior calendar month, unexpected amounts received by the Master Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.08) specifically related to such Liquidated Mortgage Loan.

  • Subsequent Recovery Any amount recovered by a Servicer or the Master Servicer with respect to a Liquidated Mortgage Loan with respect to which a Realized Loss was incurred after the liquidation or disposition of such Mortgage Loan.

  • Net Recoveries means gross Recoveries during any Calendar Quarter minus Reimbursable Expenses during such Calendar Quarter.

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

  • Net Recovery Any proceeds received by a Servicer on a delinquent or Charged Off Loan (including any Liquidation Proceeds received on a Charged Off Loan), net of any Servicing Fee, Ancillary Income and any other related expenses.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in August of each year, commencing in August 2024.

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

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

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

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

  • 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 the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Indenture Trustee Fee means a fee that is separately agreed to between the Master Servicer and the Indenture Trustee.

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

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

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

  • Cost recovery means collection, upon approval by the commission pursuant to its authority under section4909.15 of the Revised Code, of such documented EDU interconnection costs that are incurred at reasonable levels for prudent purposes and that are over and above the review processing fees set forth in rules 4901:1-22-06 to 4901:1-22-08 of the Administrative Code.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Certificateholders shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Note A-2 Special Servicer means the special servicer under the Note A-2 PSA.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • Class B Servicing Fee shall have the meaning specified in Section 3.01.