Examples of TPP Trust in a sentence
The beneficiaries of the TPP Trust are Mr Joselito D Campos, Jr (“JDC”) and hischildren.
Excess Spread Triggers: For this Distribution Date For the preceding Distribution Date For the second preceding Distribution Date Three-month average for this Distribution Date $162,931,171.34 $154,972,533.48$156,393,472.06$145,592,957.05 14.92%15.01%14.60% $156,393,472.06$145,592,957.05 14.92%15.01%14.60% $162,931,171.34 15.16% 15.16% Group Excess Spread Percentage Group Excess Spread Excess Spread Percentage Excess Spread Amount (3) (4) (5) (6) $154,972,533.48 14.
To qualify as a TPP Authorized Recipient to receive TPP Abatement Distributions from the TPP Trust, each TPP Claimant must: a.
The trustee of the TPP Trust (the “Trustee”) will be selected in accordance with the Plan in advance of the Effective Date by the Third-Party Payor Group with the consent of the Debtors (which consent shall not be unreasonably withheld, delayed or denied).
As of the Effective Date, in accordance with the Plan and the Master TDP, any and all liability of the Debtors and the other Protected Parties for any and all Third-Party Payor Channeled Claims shall automatically, and without further act, deed or court order, be channeled exclusively to and assumed by the TPP Trust.
The TPP Trust will be funded in an initial amount of $1 million from the Debtors on the Effective Date.
TPP Authorized Recipients will have thirty (30) days from the date that the TPP Trust website is updated as set forth in Section E(1) hereof, to submit a letter or letters to the TPP Trust [by submitting such letter or letters on the TPP Trust website] challenging the TPP Trust’s determination regarding its Maximum Eligible Amount or Initial Allocation Percentages and/or the Maximum Eligible Amounts or Initial Allocation Percentages of any other TPP Authorized Recipient (the “Challenge Deadline”).
ADDITIONAL REPORTING BY THE TPP TRUST.The TPP Trust shall file an annual report on its website after each year that the TPP Trust is in existence, summarizing the distributions made from the TPP Trust and detailing the status of any TPP Authorized Recipient audits, and any recommendations made by the Trustee relating to such audits.
The TPP Trust Documents shall clearly state that decisions by TPP Authorized Recipients concerning Abatement Distributions made by the TPP Trust will consider the need to ensure that underserved urban and rural areas, as well as minority communities, receive equitable access to the funds.
The Trustee shall have the exclusive authority to determine the eligibility of TPP Claimants to be TPP Authorized Recipients and the amount of TPP Abatement Distributions to be made by the TPP Trust.