Plan Administration Trust definition

Plan Administration Trust means the trust to be created in accordance with Section 5.3 of the Plan to administer and make Distributions in respect of Claims against the Debtors (other than Channeled Claims) and administer the Plan.
Sample 1Sample 2Sample 3
Plan Administration Trust means the trust established on the Effective Date pursuant to this Plan and the Plan Administration Trust Agreement and in accordance with Article 6.6 hereof.
Sample 1Sample 2Sample 3
Plan Administration Trust means the trust to be formed pursuant to Article V.C of the Plan.
Sample 1

Examples of Plan Administration Trust in a sentence

  • From and after the Effective Date, the Plan Administration Trust shall have exclusive rights, powers, and interests of the Estates to pursue, settle, or abandon such Retained Causes of Action as the sole representative of the estates pursuant to section 1123(b)(3) of the Bankruptcy Code.

  • Except as expressly provided in any order entered in the Chapter 11 Cases on or prior to the Effective Date (including the Confirmation Order), the Plan Administration Trust after Consummation will have and retain any and all rights and defenses the Debtors had with respect to any Claim as of the Petition Date.

  • Accordingly, for U.S. federal income tax purposes, it is intended that the beneficiaries of the Plan Administration Trust be treated as if they had received a Distribution from the Estates of an undivided interest in each of the assets of the assets of the Plan Administration Trust (to the extent of the value of their respective shares therein) and then contributed such interests to the Plan Administration Trust.

  • Any assets the Plan Administration Trust so abandons or otherwise does not accept shall not vest in the Plan Administration Trust.

  • The Plan Administration Trust shall be established for the primary purpose of liquidating its assets (as applicable) and for making Distributions in accordance with the Plan and the Plan Administration Trust Agreement, with no objective to continue or engage in the conduct of a trade or business, except to the extent reasonably necessary to, and consistent with, the liquidating purpose of the Plan Administration Trust.

  • As of the Effective Date, all assets vested in the Plan Administration Trust and all assets dealt with in the Plan shall be free and clear of all Liens, Claims, and Interests except as otherwise specifically provided in the Plan or in the Confirmation Order.

  • On the Effective Date, or as soon as reasonably practicable thereafter, the Debtors shall provide the Plan Administration Trust (“PAT”) with certain Privileged documents, described below, collected by Debtors during the course of the Purdue Legal Matters and stored in the Debtors’ Relativity database, (“Sequestered Materials”) to be preserved for access by the DOB.

  • All expenses incurred by the Plan Administration Trust and the Plan Administrator shall be the responsibility of and paid by the Plan Administration Trust, in accordance with the Plan Administration Trust Agreement.

  • Upon the Plan Administrator’s determination that all Claims have been Allowed, disallowed, expunged or withdrawn, and that all Retained Causes of Action held by the Plan Administration Trust have either been finally resolved or abandoned, the Plan Administrator shall move for the entry of a Final Decree for the Remaining Chapter 11 Case pursuant to section 350 of the Bankruptcy Code.

  • The Plan Administration Trust is the successor to the Debtors, the Estates, and the Debtors’ rights to books and records.

Related to Plan Administration Trust

  • Plan Administrator means the plan administrator described in Article 8.

  • Benefits Committee means the Employee Benefits Committee of Textron.

  • Administrative Committee means the committee in charge of Plan administration, as described in Article VII.

  • Plan Committee means a committee of two or more directors appointed by the Board to administer the Plan.

  • Claims Administration means the processing of claims made under the Shared Policies, including the reporting of claims to the insurance carriers, management and defense of claims and providing for appropriate releases upon settlement of claims.

  • Retirement Committee means a committee consisting of the Company’s Vice President of Human Resources, the Director of HR Operations and the Compensation & Benefits Manager.

  • Plan Manager means Investec Bank plc which is authorised by the PRA and regulated by the FCA and the PRA and bound by its rules.

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Administration Account As defined in Section 7.02.

  • SARON Administrator means the SIX Swiss Exchange AG (or any successor administrator of the Swiss Average Rate Overnight).

  • Plan Sponsor means an employer, trustee, trade union or association or a combination of them that establishes a capital accumulation plan, and includes a plan service provider to the extent that the plan sponsor has delegated its responsibilities to the plan service provider; and

  • Medication administration means the direct application of a medication or device by ingestion, inhalation, injection or any other means, whether self-administered by a resident, or administered by a guardian (for a minor), or an authorized health care provider.

  • Claims Administrator means the firm proposed by Class Counsel and appointed by the Courts to administer the Settlement Amount in accordance with the provisions of this Settlement Agreement and the Distribution Protocol, and any employees of such firm.

  • Plan Trust means the trust governed by the Plan.

  • Plan Fiduciary As defined in Section 5.3(o).

  • Named Fiduciary means the Fiduciary or Fiduciaries named herein or in the Adoption Agreement who jointly or severally have the authority to control and manage the operation and administration of the Plan.

  • Investment Committee means the committee in charge of investment aspects of the Plan, as described in Article VII.

  • Benchmark Administrator means, initially, the SOFR Administrator, or any successor administrator of the then-current Benchmark or any insolvency or resolution official with authority over such administrator.

  • State Management Committee means a Committee comprising representatives from the Confederation of Western Australian Industry, the Trades and Labor Council of Western Australia, Technical and Further Education (TAFE) and the relevant Federal and State Government Departments which approve traineeship arrangements by agreement of each of the parties. The State Management Committee may be established pursuant to the provisions of the Industrial and Commercial Training Act, 1975 or any amendment to or substitution of that Act, provided that any Committee or body established in lieu of the State Management Committee has the same representatives structure and decision making processes as that Committee.

  • Oversight Committee means the committee established to monitor the overall implementation of this Administrative Agreement as outlined in section 7 (Oversight Committee) of this Administrative Agreement.

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

  • Self-administration means carrying and taking medication without the intervention of the school nurse, approved through the school district policy and restricted to students with asthma, other potentially life-threatening illnesses or life-threatening allergic reaction.

  • Registered Benchmark Administrator means that the Underlying is administered by an administrator who is registered in a register pursuant to Article 36 of the Benchmark Regulation as specified in § 2 of the Product and Underlying Data.

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

  • Appeal Committee means the appeal committee established by the Council in terms of section 12(3)(a);

  • Plan Trustee means the Person appointed pursuant to Article V of the Plan and the Plan Trust Agreement for the purpose of acting as Trustee of the Plan Trust in accordance with the terms and conditions contained in the Plan, the Plan Trust Agreement and the Confirmation Order.