Private Actions Trust definition

Private Actions Trust means the trust established on the Effective Date pursuant to Section 6.9 of this Plan.
Sample 1
Private Actions Trust means the trust established on the Effective Date pursuant to Article VI.G of this Plan.
Sample 1
Private Actions Trust. The Global Plan will establish a litigation trust (the "Private Actions Trust"), the beneficiaries and terms of which will be as more particularly set forth in the attached Annex A to this Term Sheet.
Sample 1

Examples of Private Actions Trust in a sentence

  • Immediately following the Confirmation of the Plan, on November 5, 2010, the Trustee of the DBSI Estate Litigation Trust and the DBSI Private Actions Trust, James Zazzali, filed a RICO claim against Swenson and the other officers or directors of various DBSI Companies (collectively, “DBSI Insiders”).

  • The reorganization plan (“Plan”) created four trusts – the DBSI Liquidating Trust, the DBSI Real Estate Liquidating Trust, the DBSI Estate Litigation Trust, and the DBSI Private Actions Trust – and called for the appointment of a trustee for each.

  • The Litigation Trust and the Private Actions Trust were created to pursue claims on behalf of the other trusts.

  • To date, the Trustee has achieved gross recoveries in excess of $332 million for former customers and creditors of Refco entities, which has been divided equally between the Litigation Trust and the Private Actions Trust, and has distributed $211 million to beneficiaries of the Trusts, after all expenses and reserves.

  • Interests in each Trust were distributed on August 24, 2007 to holders of Allowed Claims in the specified creditor classes and/or who had made the Private Actions Trust Election based on the holders of record at the time.

  • The Refco Private Actions Trust was established under the Plan as a Grantor Trust.

  • SMOKING POLICY/USE OF TOBACCO PRODUCTS Use of tobacco on school property by students is in violation of Kentucky State Law KRS 438.050.

  • Currently, Xx. Xxxxxxxxx serves as the post effective date Plan Administrator for RCM and the Litigation Trustee for the Refco Litigation Trust and Refco Private Actions Trust.

  • Such terms – which will expire December 26, 2011 – can be extended by Order of this Court “if reasonably necessary to realize maximum value with respect to the assets in the [applicable] Trust.” (Litigation Trust Agreement, § 10.1(a); Private Actions Trust Agreement, § 9.1(a)).

  • No Cash distributions shall be required to be made to any Private Actions Trust Beneficiary in an amount less than $100.00.


More Definitions of Private Actions Trust

Private Actions Trust means the trust established on the Effective Date pursuant to Article VI(M) of the Plan to hold the Contributed Non-Estate Causes of Action.
Sample 1

Related to Private Actions Trust

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Sub-Trust has the meaning set forth in Section 3.01(b) of the Titling Trust Agreement.

  • Business trust means a trust created for the purpose of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of the trustees, for the benefit of the beneficiaries;

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

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

  • Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time, or any successor legislation.

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Special needs trust means a trust the trustee believes would not be considered a resource for purposes of determining whether a beneficiary with a disability is eligible for governmental benefits.

  • 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.

  • Basic Pass Through Trust Agreement means the Pass Through Trust Agreement, dated October 3, 2012, between Owner and Pass Through Trustee, but does not include any Trust Supplement.

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

  • Relevant Funding Agreements means the agreement or agreements entered into by the Company and the Secretary of State under section 1 of the Academies Act 2010 for the establishment of each Academy, including any variation or supplemental agreements thereof;

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • National City Servicing Agreement Solely with respect to the National City Mortgage Loans, the Master Seller’s Warranties and Servicing Agreement, dated as of October 1, 2001, between the Transferor and National City, as the same may be amended from time to time, and any assignments and conveyances related to the National City Mortgage Loans.

  • Owner Trust means the trust created by this Agreement.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • 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.

  • Pass Through Trust Agreement means each of the two separate Trust Supplements relating to the Pass Through Trusts, together in each case with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Eligible Lender Trustee shall also mean each successor Eligible Lender Trustee as of the qualification of such successor as Eligible Lender Trustee under the Trust Agreement.

  • Master Trust means Citibank Credit Card Master Trust I.