Unsecured Creditor Trustee definition

Unsecured Creditor Trustee means that person selected by the Committee after consultation with the Debtors and the Prepetition Agent, to be identified in the Plan Supplement.
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Unsecured Creditor Trustee means the Person designated by the Committee to serve as the trustee of the Unsecured Creditor Trust, who shall be identified and disclosed in the Plan Supplement, and any successor thereto appointed pursuant to the Unsecured Creditor Trust Agreement.
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Unsecured Creditor Trustee means the Entity appointed by the Debtors or Reorganized Debtors, as applicable, to serve as the administrator of the Unsecured Creditor Trust. The identity of the Unsecured Creditor Trustee shall be disclosed in the Plan Supplement.
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Examples of Unsecured Creditor Trustee in a sentence

  • Halperin, solely in his capacity as the Unsecured Creditor Trustee for Senior Care Centers, LLC, et al.

  • 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.

  • The Reorganized Debtors, Distribution Agent, and Unsecured Creditor Trustee shall instead be entitled to recognize and deal for all purposes under this Plan with only those record holders stated on the Claims Register as of the close of business on the Distribution Record Date.

  • From and after the Effective Date, any requirement that Professionals comply with Bankruptcy Code sections 327 through 331 and 1103 in seeking retention or compensation for services rendered after such date shall terminate, and the Reorganized Debtors and the Unsecured Creditor Trustee may employ and pay any professional in the ordinary course of business without any further notice to or action, order, or approval of the Bankruptcy Court.

  • All distributions made under the Plan that are to be made on the Effective Date shall be made by the Debtors or Unsecured Creditor Trustee as Distribution Agent or any other duly appointed Distribution Agent, unless otherwise specified herein.

  • The Reorganized Debtors, Distribution Agent, and Unsecured Creditor Trustee will have no obligation to recognize the transfer of, or the sale of any participation in, any Allowed Claim that occurs after the close of business on the Distribution Record Date, and will be entitled for all purposes herein to recognize and distribute only to those Holders of Allowed Claims that are Holders of such Claims, or participants therein, as of the close of business on the Distribution Record Date.

  • For the avoidance of doubt, if the Reorganized Debtors object to a Claim on the grounds that such Claims should be re-classified as a General Unsecured Claim, the Reorganized Debtors shall not be permitted to settle such claim objection without the consent of the Unsecured Creditor Trustee.

  • 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.

  • Each Allowed Intercompany Claim shall be discharged, cancelled, released, and extinguished as of the Effective Date or, at the Debtors’ or the Reorganized Debtors’ option, with the consent of the Committee or Unsecured Creditor Trustee, shall be Reinstated or compromised; provided, that the treatment of the Allowed Intercompany Claims shall be effectuated in a tax efficient manner.


More Definitions of Unsecured Creditor Trustee

Unsecured Creditor Trustee means Randy Sugarman and any successor Unsecured Creditor Trustee.
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Unsecured Creditor Trustee means the trustee of the Unsecured Creditors Trust.
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Related to Unsecured Creditor Trustee

  • 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.

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

  • NIM Trustee The trustee for the NIM Securities.

  • Note Trustee means the Person identified as the “Trustee” in the Indenture, solely in its capacity as Trustee pursuant to the Indenture and not in its individual capacity, or its successor in interest in such capacity, or any successor Trustee appointed as provided in the Indenture.

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

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

  • Note A-4 Trustee means the trustee under the Note A-4 PSA.

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

  • 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.

  • Note A-2 Trustee means the trustee under the Note A-2 PSA.

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

  • Note Agent means any Registrar, Paying Agent or Conversion Agent.

  • Class C Trustee Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Co-Trustee has the meaning set forth in the Basic Servicing Agreement.

  • Intercreditor Agent has the meaning given to such term in the Intercreditor Agreement.

  • Bond Trustee means the company designated as such in the preamble to these Bond Terms, or any successor, acting for and on behalf of the Bondholders in accordance with these Bond Terms.

  • Second Lien Agent has the meaning set forth in the Intercreditor Agreement.

  • Note A-1 Trustee means the trustee under the Note A-1 PSA.

  • Note A-3 Trustee means the trustee under the Note A-3 PSA.

  • indenture trustee or "institutional trustee" means the Trustee.

  • Debenture Trustee means The Bank of New York, as trustee under the Indenture until a successor is appointed thereunder, and thereafter means such successor trustee.