Trust Rights definition

Trust Rights means (i) the right to direct the Trustee to consent to any amendment, waiver, modification and/or extension of any of the provisions of the Trust Deed or any document entered into pursuant to the Trust Deed and (ii) the right to direct the Trustee with respect to each and every right, power and discretion of, or exercisable by, the Trustee under any provisions of the Trust Deed or any document entered into pursuant to the Trust Deed.
Sample 1Sample 2
Trust Rights means any and all trust rights, present or future, of each of the Pledgors, as settlors and as trustees under the GSE Trust, as calculated on a quarterly basis by the Trustee in accordance with the provisions of the GSE Trust, as well as any other present and future trust rights, economic rights and benefits of the Pledgors with respect to the Trust Assets in connection with, or arising out of, the GSE Trust.
Sample 1
Trust Rights has the meaning given in Section 2.5(b).
Sample 1

Examples of Trust Rights in a sentence

  • From and after the Effective Date, the Reorganized Debtors may compromise and settle Claims against them and/or Litigation Rights (other than Litigation Trust Rights) and other claims that they may have against other Persons without any further approval by the Bankruptcy Court.

  • The Litigation Trust will be established for the sole purpose of prosecuting the Litigation Trust Rights and distributing the proceeds thereof in accordance with the Plan, with no objective to continue or engage in the conduct of a trade or business.

  • Except for the Litigation Trust Rights and as otherwise provided in the Plan, the Confirmation Order, or the Plan Supplement, and in accordance with Section 1123(b) of the Bankruptcy Code, on the Effective Date, each Debtor or Reorganized Debtor shall retain all of its Litigation Rights that such Debtor or Reorganized Debtor may hold against any Person.

  • Until the Effective Date, the Debtors expressly reserve the right to compromise and settle Claims against them and Litigation Rights (other than Litigation Trust Rights) or other claims that they may have against other Persons, subject to the approval of the Bankruptcy Court if, and to the extent, required.

  • The Litigation Trustee appointed pursuant to the Litigation Trust Agreement will, subject to the terms of the Litigation Trust Agreement, have full power, authority, and standing to prosecute, compromise, or otherwise resolve the Litigation Trust Rights.

  • The Reorganized Debtors will not be subject to any counterclaims with respect to the Litigation Trust Rights.

  • The Debtors are in the process of analyzing the Litigation Trust Rights and the Litigation Trust will be provided with sufficient initial funding in an amount to be determined after such analysis is completed.

  • On the Effective Date, the Litigation Trust Rights of the Debtors will be transferred to the Litigation Trust to be pursued by the Litigation Trustee for the benefit of the holders of Allowed Unsecured Note Claims, Allowed Unsecured Credit Facility Claims and Allowed General Unsecured Claims in Class 4 as provided in the Plan and the Litigation Trust Agreement.

  • Subsequent to balance date, as at 4 March 2022, the Fund had a NAV per unit of $5.6065 with a net asset value of$20,203,538 including the value of Support Trust Rights, and 3,603,584 units on issue.

  • Ct. June 23, 2015),https://static1.squarespace.com/static/571d109b04426270152febe0/t/576080a91bbee08251f28287/1465942187394/ Order_Fosterv.Ecology.pdf.351 See In Advance of Paris Climate Talks, Washington Court Recognizes Constitutional and Public Trust Rights and Announces Agency’s Legal Duty to Protect Atmosphere for Present and Future Generations, OUR CHILDREN’S TRUST (Nov.


More Definitions of Trust Rights

Trust Rights has the meaning provided for in section 10.4.
Sample 1
Trust Rights is to be understood as the rights corresponding to any First Trust Beneficiary and/or Second Trust Beneficiary in accordance with this Agreement and the Incentive Plan.
Sample 1

Related to Trust Rights

  • Servicing Rights means contractual, possessory or other rights of Seller or any other Person to administer or service a Mortgage Loan or to possess the Servicing File.

  • Trust Agreement means the Amended and Restated Trust Agreement, dated as of the Closing Date, between the Seller and the Owner Trustee, as the same may be amended and supplemented from time to time.

  • Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.