Plan Trust Interests definition

Plan Trust Interests means the non-transferable, beneficial interests in the Plan Trust that will entitle the holder thereof to the distributions of the Plan Trust Assets which will be made pursuant to the Plan and the Plan Trust Agreement, which Plan Trust Interests will be non-transferable and non-assignable except by operation of law.
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Plan Trust Interests means the non-transferable, beneficial interests in the Plan Trust held by the Plan Trust Beneficiaries that shall entitle the holder thereof to receive distributions from the Plan Trust in accordance with the Committee Settlement.
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Examples of Plan Trust Interests in a sentence

  • All distributions to the holders of Plan Trust Interests and to holders of Allowed Claims which were Disputed Claims on the Effective Date shall be Pro Rata.

  • Upon the Plan Trustee’s receipt of and satisfaction with such written notice he shall update the Register to reflect the transferee as the holder of the Plan Trust Interests subject to such Permitted Transfer.

  • All distributions made by the Plan Trustee to Plan Trust Beneficiaries shall be payable to the holders of Plan Trust Interests of record, or the holders of Disputed Claims of record which have become allowed, as of the 20th day prior to the date scheduled for the distribution, unless such day is not a Business Day; then such day shall be the next Business Day.

  • In so refusing, the Plan Trustee may elect to make no payment or distribution with respect to the Plan Trust Interests relating to the Ownership Dispute or any part thereof, or to make payment or distribution into escrow as provided below, and to refer such Ownership Dispute to the Court or another court of competent jurisdiction, which shall have jurisdiction over resolution of such Ownership Dispute.

  • Unless expressly provided herein, the Plan Trustee may establish a record date which it deems practical for determining the holders of Plan Trust Interests for a particular purpose.

  • The Plan Trustee shall distribute the net distributable assets of the Plan Trust to the holders of Plan Trust Interests in accordance with the provisions of Article IV of the Plan.

  • The Plan Trustee may deem and treat the holder of record as the absolute owner of such Plan Trust Interests for the purpose of receiving distributions and payment thereon or on account thereof and for all other purposes whatsoever and, until any Permitted Transfer is recorded in the Register pursuant to Section 2.3 above, the Plan Trustee shall not be charged with having received notice of any claim or demand to such Plan Trust Interests or the interest therein of any other Person.

  • Upon the Effective Date, Plan Trust Interests shall be allocated as follows:• the Plan Trust Interests shall be allocated to Holders of Allowed Tort Damages Claims against the Debtor.

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

  • Without limiting any Person’s right to appeal any order of the Court or to seek withdrawal of the reference with regard to any matter, the parties, including the members of the Plan Trust Beneficiary Committee and all Plan Trust Beneficiaries and holders of Plan Trust Interests, hereby consent to and submit to the exclusive jurisdiction and venue of the Court.


More Definitions of Plan Trust Interests

Plan Trust Interests means the interests to be allocated to the Holders of Allowed Claims evidencing their interests in the Plan Trust and the right to receive Plan Distributions therefrom as set forth in the Plan Trust Agreement and this Plan.
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Plan Trust Interests means the non-transferable, beneficial interests
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Plan Trust Interests means non-transferrable interests in the Plan Trust that will entitle the Holder thereof to share in Distributions from the General Unsecured Cash Pool, after payment of any expenses of the Plan Trust, Distributions of which will be made pursuant to the Plan and the Plan Trust Agreement.
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Plan Trust Interests means the beneficial interests in the Plan Trust to be issued to the holders of Allowed General Unsecured Claims against DH under the Plan, which will not be certificated, will not be tradeable (except as may be provided in the Plan Trust Declaration) and will be evidenced in the records of the Plan Trust.
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Related to Plan Trust Interests

  • Pledged Trust Interests means all interests in a Delaware business trust or other trust including, without limitation, all trust interests listed on Schedule 4.4(A) under the heading “Pledged Trust Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such trust interests and any interest of such Grantor on the books and records of such trust or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such trust interests.

  • Plan Trust means the trust governed by the Plan.

  • Trust Interest means an account owner's interest in the trust created by a participating trust

  • 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.

  • 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."

  • Class B Interests As set forth in the Trust Agreement.

  • 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.

  • Class Title means the designation given under these rules to a class and to each position allocated to such class.

  • Company Interests has the meaning set forth in the Recitals.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Voting Trust has the meaning set forth in Section 2.2(b).

  • Grantor Trust means a Trust other than a RIC.

  • LLC Interests shall have the meaning given to such term in Section 6.1.

  • Transferred Interests has the meaning set forth in the Recitals.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Voting Trust Agreement means the Voting Trust Agreement entered into ---------------------- as of April 15, 1996 by and among Xxxxxx X. Xxxx; Xxxxx X. Xxxx, Xx.; Xxxxx X. Xxxx, Xx.; and F. Xxxxxx Xxxxxxx as the Voting Trustees and the stockholders of LSAI Holding Corp. who are parties thereto.

  • Residual Interests As specified in the Preliminary Statement.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Pledged LLC Interests means all right, title and interest of any Grantor as a member of any LLC and all right, title and interest of any Grantor in, to and under any LLC Agreement to which it is a party.

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

  • 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.

  • 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.

  • Income trust means a trust that is not a unitrust.

  • 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.

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.