Trust Interests definition

Trust Interests. The Certificates and the Uncertificated VRR Interest, collectively.

Trust Interests means limited liability company membership interests issued by the Company to the Trust, each of which corresponds to one share issued by the Trust.

Trust Interests means the limited liability company interests in the Company designated under the Original Agreement as the “Class A Interests” and redesignated herein as “Trust Interests”, as authorized pursuant to Section 3.1(a), and having the rights provided herein.

Examples of Trust Interests in a sentence

• The Liquidation Trust’s items of taxable income, gain, loss, deduction, and/or credit (other than such items allocable to any assets allocable to, or retained on account of, Disputed Claims) will be allocated to each holder in accordance with their relative ownership of Beneficial Trust Interests.

• The record holders of the Liquidation Trust Interests shall be recorded and set forth in a registry maintained by, or at the direction of, the Liquidation Trustee expressly for such purpose.

• It is currently anticipated that the Beneficial Trust Interests will be uncertificated and non-transferable except to the extent expressly provided otherwise in the Liquidation Trust Agreement.

• A Holder’s holding period for the Distribution Trust Interests should begin on the day following the Effective Date.

• Any indemnification claim of the Liquidating Trustee (and the other parties entitled to indemnification under this subsection) shall be satisfied solely from the Liquidating Trust Assets and shall be entitled to a priority distribution therefrom, ahead of the Liquidating Trust Interests and any other claim to or interest in such assets.

More Definitions of Trust Interests

Trust Interests means any and all of Seller’s interests, as the case may be, including units of trust interest designated as “securities” (as defined in Section 8-102 of the Uniform Commercial Code), in Trust Subsidiary, including, without limitation, all its rights to participate in the operation or management of the Trust Subsidiary and all its rights to properties, assets, trust interests and distributions under the Trust Agreements in respect of such trust interests. “Trust Interests” also include (i) all accounts receivable arising out of the Trust Agreement; (ii) all general intangibles arising out of the Trust Agreement; and (iii) to the extent not otherwise included, all proceeds of any and all of the foregoing (including within proceeds, whether or not otherwise included therein, any and all contractual rights of Seller under any revenue sharing or similar agreement to receive all or any portion of the revenues or profits of such Trust Subsidiary).

Trust Interests shall have the meaning set forth in Section 2.02(a).

Trust Interests means any and all of the Capital Stock in a Trust Subsidiary, including, without limitation, all its rights to participate in the operation or management of such Trust Subsidiary and all its rights to properties, assets, trust interests and distributions under the applicable Trust Agreement in respect of such trust interests. “Trust Interests” also include (i) all accounts receivable arising out of the applicable Trust Agreement; (ii) all general intangibles arising out of the applicable Trust Agreement; and (iii) to the extent not otherwise included, all proceeds of any and all of the foregoing (including within proceeds, whether or not otherwise included therein, any and all contractual rights of the applicable Seller under any revenue sharing or similar agreement to receive all or any portion of the revenues or profits of such Trust Subsidiary).

Trust Interests is defined in the recitals. Each Trust Interest shall be expressed as a percentage, and all Trust Interests outstanding at any time shall aggregate to 100%.

Trust Interests. Each Certificateholder’s interests in the Trust, as represented by such Certificateholder’s Certificates.

Trust Interests means a fractional undivided beneficial interest in a Liquidation Trust for distribution to holders of Allowed Unsecured Claims against Holdings Debtors.

Trust Interests means the Position Holder Trust Interests and the Creditors’ Trust Interests.