Trust Oversight Committee definition

Trust Oversight Committee means the trust oversight committee of Creditors formed on the Effective Date upon the dissolution of the Committee and composed of the existing members of the Committee willing to serve or such other creditors as selected by the Committee and identified in a plan supplement to be filed prior to the Confirmation Hearing or identified by the Trust Oversight Committee pursuant to the terms of the Liquidating Trust Agreement, as applicable.

Trust Oversight Committee means the trust oversight committee of Creditors formed on the Effective Date upon the dissolution of the Committee and composed of three (3) members selected by the existing Committee, the Other Creditors, and the Capmark Lenders. Such members will be identified in the Plan Supplement filed prior to the Confirmation Hearing.

Trust Oversight Committee means the oversight committee of up to three creditors appointed by the Committee pursuant to the terms of the Liquidation Trust Agreement and this Plan, which members will be identified in the Plan Supplement.

Examples of Trust Oversight Committee in a sentence

• The Board shall appoint the members of the Corporate Trust Oversight Committee which may include directors or non-director employees of the Association.

• The Trust Oversight Committee shall have the duties set forth herein to maximize distributions to Holders of Allowed Claims.

• The Board shall appoint the members of the Corporate Trust Oversight Committee which may include directors, officers or employees of the Association.

• The Debtors and the Reorganized Debtors shall have no direct or indirect control, influence, or authority over the GUC Trust, the GUC Trustee, or the GUC Trust Oversight Committee or any of their respective decisions.

• Notwithstanding such authority, the Liquidating Trustee and the Trust Oversight Committee shall not be under any obligation to consult with their respective attorneys, accountants, financial advisors or agents, and any determination not to do so shall not result in the imposition of liability on the Liquidating Trustee or the Trust Oversight Committee, as the case may be, and their respective designees, unless such determination is based on willful misconduct, gross negligence or fraud.

More Definitions of Trust Oversight Committee

Trust Oversight Committee means the trust oversight committee of Creditors formed on the Effective Date upon the dissolution of the Committee and composed of five (5) Persons, consisting of four (4) Persons selected by the Committee and one

Trust Oversight Committee means the committee established pursuant to section 6.2.9 of the Plan.

Trust Oversight Committee means the committee consisting of three holders of General Unsecured Claims designated by members of the Creditors’ Committee to oversee the administration of the Plan Trust, with the rights and responsibilities set forth more fully in the Plan Trust Agreement, and any successors appointed in accordance with the Plan Trust Agreement.

Trust Oversight Committee means the trust oversight committee of Creditors formed on the Effective Date upon the dissolution of the Committee and composed of four (4) members: the U.S. Trustee as an ex-officio member and three (3) members selected by the Committee and identified in a plan supplement filed prior to the Confirmation Hearing or identified by the Trust Oversight Committee, as applicable.

Trust Oversight Committee means the oversight committee of general unsecured creditors appointed pursuant to the terms of the Liquidating Trust Agreement, which members will be identified in the Plan Supplement.

Trust Oversight Committee means the trust oversight committee of Creditors formed on the Effective Date upon the dissolution of the Committee and composed of five (5) Persons, consisting of four (4) Persons selected by the Committee and one (1) Person who is selected by Capmark Finance. Such members will be identified in the Plan Supplement filed prior to the Confirmation Hearing.

Trust Oversight Committee means the committee of Creditors formed on the Effective Date upon the dissolution of the Creditors’ Committee to serve as an oversight committee over the Trust and the Litigation Trust, as applicable, and comprised of not less than three and not more than seven members of the Creditors’ Committee or as otherwise identified in the Supplemental Plan Documents filed prior to the Voting Deadline.