Trust Structure definition

Trust Structure means, if reasonably agreed upon by the Debtors and the Creditors' Committee, as set forth in Section 7.1 of the Plan, the reorganization structure pursuant to which the Debtors will transfer, on the Effective Date, all or substantially all of their assets to one or more newly formed trusts classified as liquidating trusts under section 301.7701-4 of the Procedure and Administration Regulations in exchange for the consideration to be provided to exchanging holders of Allowed Claims and Allowed Interests in accordance with the Plan, followed by the Debtors' distribution of such consideration to the exchanging holders in complete liquidation and pursuant to which the Reorganized Debtors will pursue the orderly run off of the leasing, ventures and European businesses, subject to the Restructuring Transactions.
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Examples of Trust Structure in a sentence

  • If the Trust Structure is selected, then the Debtors will enter into a trust agreement acceptable to the Creditors' Committee.

  • On the Effective Date, if reasonably agreed upon by the Debtors and the Creditors' Committee, the Newco Structure shall be implemented, unless the Debtors and the Creditors' Committee otherwise reasonably determine to implement the Continuing Company Structure or the Trust Structure.

  • The Plan also provides that on the Effective Date, Reorganized Comdisco shall, if reasonably agreed upon by the Debtors and the Creditors' Committee, implement the Newco Structure unless the Creditors' Committee and the Debtors otherwise reasonably determine to implement the Continuing Company Structure or Trust Structure.

  • Moreover, the Debtors and the Creditors' Committee will retain substantial flexibility to reasonably agree upon whether to select, which consent shall not be unreasonably withheld, among the Continuing Company Structure, the Newco Structure or the Trust Structure.

  • If the Debtors determine to reorganize using the Trust Structure, it is possible that the New PIK Notes will be disregarded for United States federal income tax purposes.

  • The Debtors are considering implementation of their Plan through three potential restructuring alternatives: (i) the Continuing Company Structure, (ii) the Newco Structure and (iii) the Trust Structure.

  • Under the Trust Structure, the Debtors will transfer substantially all of their assets to one or more trusts on the Effective Date in exchange for the Plan consideration to be received by holders of Allowed Claims and Allowed Interests, followed by the Debtors distribution of such consideration in complete liquidation.

  • The Debtors intend to conduct the orderly run off of the remaining Leasing portfolios, the Ventures portfolio and the majority of their international operations through one of three potential restructuring alternatives, all of which will be subject to the Restructuring Transactions: (i) the Continuing Company Structure, (ii) the Newco Structure or (iii) the Trust Structure.

  • The Debtors and the Creditors' Committee are considering implementation of their Plan through three potential restructuring alternatives: (i) the Continuing Company Structure, (ii) the Newco Structure and (iii) the Trust Structure (certain assets will be transferred to the Litigation Trust under each structure).

  • If the Grantor Trust Structure is used or if any floating rate bonds are issued, the certification shall confirm that those features in fact resulted in the lowest Storm Recovery Charges consistent with market conditions at the time the Storm Recovery Bonds were priced and the terms set forth in this Financing Order, and that, in the case of the Grantor Trust Structure, use of that structure benefited the ratepayers of both DEC and DEP.

Related to Trust Structure

  • unit trust scheme means any arrangements made for the purpose, or having the effect, of providing for persons having funds available for investment, facilities for the participation by them, as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of any property whatsoever;

  • Delaware Trust Statute means the Delaware Statutory Trust Act, Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. § 3801 et seq., as the same may be amended from time to time.

  • for a Trust shall mean the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., as the same may be amended from time to time.

  • 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.

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

  • Owner Trust means the trust created by this 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.

  • Statutory Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq.

  • Related Pass Through Trust Agreement Means the Basic Agreement as supplemented by the Trust Supplement No. 2000-2B-S dated the date hereof relating to the Continental Airlines Pass Through Trust 2000-2B-S and entered into by the Company and the Trustee, which agreement becomes effective upon the execution and delivery of the Assignment and Assumption Agreement pursuant to Section 7.01 of this Trust Supplement.

  • Distribution Date" for a Trust shall mean the "Distribution dates" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • 20 Full Entitlement ADR(s)", "Full Entitlement ADS(s)" and "Full Entitlement Share(s)".....................................4 Section 1.21 "Holder(s)".....................................................4 Section 1.22 "India".........................................................4 Section 1.23 "India Central Depository System"...............................4 Section 1.24 "Indian Stock Exchanges"........................................4 Section 1.25 "Initial Deposit"...............................................4 Section 1.26 "Partial Entitlement ADR(s)", "Partial Entitlement ADS(s)" and "Partial Entitlement Share(s)"..................................4 Section 1.27 "Pre-Release Transaction".......................................4 Section 1.28 "Principal Office"..............................................4 Section 1.29 "RBI"...........................................................4 Section 1.30 "Registrar".....................................................4 Section 1.31 "Restricted ADR(s)", "Restricted ADS(s)" and "Restricted Shares".............................................4 Section 1.32 "Restricted Securities".........................................5 Section 1.33 "Rupees" and "Rs."..............................................5 Section 1.34 "Securities Act"................................................5 Section 1.35 "Share Registrar"...............................................5 Section 1.36 "Shares"........................................................5 Section 1.37 "Uncertificated ADS(s)".........................................5 Section 1.38 "United States" and "U.S."......................................5

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • Pass Through Trust means each of the two separate grantor trusts that have been created pursuant to the Pass Through Trust Agreements to facilitate certain of the transactions contemplated by the Operative Documents.

  • Trust Land ’ means an interest in land the title to which is held in trust by the United States for an Indian or Indian tribe, or by an Indian or Indian tribe subject to a re- striction by the United States against alien- ation;

  • Class B Pass Through Trust means the American Airlines Pass Through Trust 2013-1B created pursuant to the Basic Pass Through Trust Agreement, as supplemented by Trust Supplement No. 2013-1B, dated as of the Issuance Date, between the Company and WTC, as Class B Trustee.

  • Class A Trust Agreement Has the meaning specified in the Intercreditor Agreement.

  • 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.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Original Declaration of Trust shall have the meaning set forth in the recitals to this Declaration of Trust;

  • Class B Trust Agreement “Class B Trustee”, “Closing Date”, “Continental”, “Continental Bankruptcy Event”, “Controlling Party”, “Corporate Trust Office”, “Delivery Period Expiry Date”, “Downgraded Facility”, “Downgrade Event”, “Equipment Notes”, “Fee Letter”, “Final Legal Distribution Date”, “Financing Agreement”, “Investment Earnings”, “Liquidity Facility”, “Liquidity Obligations”, “Loan Trustee”, “Non-Extended Facility”, “Note Purchase Agreement”, “Operative Agreements”, “Participation Agreement”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Record Date" for a Trust shall mean the "Record dates" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.