Unsecured Creditor Trust definition

Unsecured Creditor Trust means the Unsecured Creditor Trust established under Article V.D of the Plan and pursuant to the Unsecured Creditor Trust Agreement.
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Unsecured Creditor Trust means a creditor recovery trust to be established on the Effective Date pursuant to the terms of the Unsecured Creditor Trust Agreement and the Plan.
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Unsecured Creditor Trust means the trust established to administer the distribution of the Unsecured Creditor New Common Stock, as described in Section 8.24.
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Examples of Unsecured Creditor Trust in a sentence

  • Pursuant to the Plan and related Unsecured Creditor Trust Agreement, the Trustee holds causes of action against the Defendant.

  • On the Effective Date, the Reorganized Debtors (solely in their capacity as successors to Debtors) and the Unsecured Creditor Trustee shall execute the Unsecured Creditor Trust Agreement, and shall take all steps necessary to establish the Unsecured Creditor Trust in accordance with the Plan, which shall be for the benefit of the Holders of Claims that receive beneficial interests in the Unsecured Creditor Trust.

  • Confirmation of this Plan effects no settlement, compromise, waiver, or release of any Unsecured Creditor Trust Assets, including, without limitation, the Unsecured Creditor Trust Causes of Action.

  • Causes of Action not released by the Debtors or exculpated under the Plan will be retained by the Reorganized Debtors or the Unsecured Creditor Trust, as provided by the Plan.

  • The Unsecured Creditor Trust Causes of Action are reserved and preserved pursuant to the Plan, the Disclosure Statement, and the Plan Supplement.

  • The Unsecured Creditor Trust and the Unsecured Creditor Trustee reserve and preserve any and all Unsecured Creditor Trust Causes of Action, whether such Unsecured Creditor Trust Causes of Action arose before, on or after the Petition Date, the Confirmation Date, the Effective Date, the Record Date and/or any Distribution Date, including, without limitation, the Unsecured Creditor Trust Causes of Action described in the Plan, Disclosure Statement, and Plan Supplement.

  • Each of the Debtors, Unsecured Creditor Trustee, and the holders of Claims receiving beneficial interests in the Unsecured Creditor Trust shall take consistent positions with respect to the valuation of the Unsecured Creditor Trust Assets, and such valuations shall be utilized for all U.S. federal income tax purposes.

  • The Unsecured Creditor Trust shall be administered by the Unsecured Creditor Trustee with oversight by the Unsecured Creditor Trust Advisory Board pursuant to the Unsecured Creditor Trust Agreement.

  • The Plan is specific and unequivocal with respect to the Causes of Action to be retained by the Debtors and the Unsecured Creditor Trust.

  • As a result, the transfer of the Unsecured Creditor Trust Assets to the Unsecured Creditor Trust should be a taxable transaction, and the Debtors should recognize gain or loss equal to the difference between the tax basis and fair value of such assets.


More Definitions of Unsecured Creditor Trust

Unsecured Creditor Trust means the trust created pursuant to Section 7.3 of the Plan, the Confirmation Order, and the Unsecured Creditor Trust Declaration.
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Unsecured Creditor Trust means that certain trust established pursuant to the Plan and the Unsecured Creditor Trust Agreement.
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Related to Unsecured Creditor Trust

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Grantor Trust means a Trust other than a RIC.

  • Collateral Trustee has the meaning set forth in the preamble.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Second Lien Noteholders means the holders of Second Lien Notes.

  • Second Lien Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent”, the “Company” or any other person shall be construed so as to include its successors in title, permitted assigns and permitted transferees and, in the case of the Security Agent, any person for the time being appointed as Security Agent or Security Agents in accordance with this Agreement;

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • Collateral Trust Agreement means that certain Collateral Trust Agreement, dated as of the Closing Date, by and among Collateral Trustee and Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Unsecured Claim means a Claim that is not an Administrative Claim, a Priority Tax Claim, a Priority Claim, or a Secured Claim.

  • Allowed Unsecured Claim means all or that portion of an Unsecured Claim which is an Allowed Claim.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Subordination Agent Has the meaning specified in the Intercreditor Agreement.

  • Unsecured PHI or “PHI that is unsecured” means PHI that is not rendered unusable, 29 unreadable, or indecipherable to unauthorized individuals through the use of a technology or 30 methodology specified by the Secretary of Health and Human Services in the guidance issued on the

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Notes Trustee has the meaning assigned to such term in the Recitals to this Agreement.

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

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

  • General Unsecured Claim means any Claim that is not a/an: Administrative Claim; DIP Facility Claim; Professional Fee Claim; Priority Tax Claim; Secured Tax Claim; Other Priority Claim; Other Secured Claim; Intercompany Claim; Prepetition Debt Claim; or 510(b) Equity Claim.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.