Plan Trust Beneficiaries definition

Plan Trust Beneficiaries means the holders of Allowed General Unsecured Claims.
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Plan Trust Beneficiaries means all individuals and entities entitled to a Plan Distribution from the Plan Trust.
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Plan Trust Beneficiaries means the holders of Plan Trust Interests.
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Examples of Plan Trust Beneficiaries in a sentence

  • Accordingly, the applicable Plan Trust Beneficiaries shall be treated for United States federal income tax purposes as the grantors and owners of their respective share of the Plan Trust Assets.

  • If the club is picked up, the world will be bashing in its own head.

  • As provided in the Plan, Plan Trust Beneficiaries shall, as a condition to receiving distributions, provide such information and take such steps as the Plan Trustee may reasonably require to ensure compliance with withholding and reporting requirements and to enable the Plan Trustee to obtain certifications and information as may be necessary or appropriate to satisfy the provisions of any tax law.

  • On the Effective Date, the Debtor and the Plan Trustee shall execute the Plan Trust Agreement and shall take all steps necessary to establish the Plan Trust in accordance with the Plan and the beneficial interests therein, which shall be for the benefit of the Plan Trust Beneficiaries.

  • The allocation and distribution of interests in the Plan Trust (the “Plan Trust Interests”) among the Plan Trust Beneficiaries shall be accomplished as set forth in the Plan, including, without limitation, Article XI of the Plan.

  • The relationship of the Plan Trust Beneficiaries to the Plan Trustee shall be solely that of beneficiaries of a trust and shall not be deemed a principal or agency relationship, and their rights shall be limited to those conferred upon them by this Trust Agreement.

  • The Plan Trustee will be responsible for filing all foreign, U.S. federal, state and local tax returns for the Plan Trust and the Estate, to the extent necessary, and for the timely preparation and distribution to the Plan Trust Beneficiaries of any necessary foreign, U.S. federal, state or local information returns.

  • On the Effective Date, the authority, power and incumbency of the Debtors shall terminate, and vest in the Plan Trustee, and all Assets of the Debtors not sold to the Buyer, including, without limitation, the Avoidance Actions and Causes of Action of the Debtors, shallbe deemed to have automatically been distributed to the Plan Trust Beneficiaries, who will immediately thereafter be deemed to have automatically transferred all such Assets to the Plan Trust.

  • The Plan Trust is not intended to be and shall not be deemed to be or treated as a general partnership, limited partnership, joint venture, corporation, joint stock company or association, nor shall the Plan Trustee or the Plan Trust Beneficiaries, or any of them, for any purpose be, or be deemed to be or treated in any way whatsoever to be, liable or responsible hereunder as partners, joint venturers or shareholders.

  • In all circumstances, the Plan Trustee shall, subject to the direction of the Plan Trust Beneficiary Committee act in the best interests of all the Plan Trust Beneficiaries of the Plan Trust and in furtherance of the purpose of the Plan Trust.


More Definitions of Plan Trust Beneficiaries

Plan Trust Beneficiaries means the Holders of Allowed Priority Tax Claims, Other Priority Claims, General Unsecured Claims and Tort Damages Claims.
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Plan Trust Beneficiaries means the holders of Allowed General
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Plan Trust Beneficiaries means the holders of Allowed General Unsecured Claims that are entitled to receive a Distribution under the Plan, which shall exclude the FLSA Claims, which shall be separately funded under the FLSA Claims Settlement.
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Related to Plan Trust Beneficiaries

  • Plan Trust means the trust governed by the Plan.

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • 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.

  • 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.

  • 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.

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • 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."

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Grantor Trust Provisions Subpart E of part I of subchapter J of the Code and Treasury Regulations Section 301.7701-4(c).

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Retirement fund means the "Washington law enforcement

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Grantor Trust means a Trust other than a RIC.

  • Societal benefits charge means a charge imposed by an electric

  • Rabbi Trust has the meaning given to such term in Section 3.4(d) hereof.

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.