Examples of Class 8 Trustee in a sentence
The "Class 8 Trust Agreement" is the Contrato de Fiducia Mercantil (Trust Agreement) between Avianca S.A., as settlor, and the Class 8 Trustee, as trustee, pursuant to which the Class 8 Trust Certificates (or book entries) will be issued (or made) and which will hold the Peso Note issued on the Distribution Date in respect of all Allowed Class 8 Claims and will have the right to receive all payments in respect of the Peso Note placed in the applicable Disputed Claims Reserve.
Simultaneously with issuing such additional Securities, the Company shall make corresponding adjustments to the Peso Notes held by the Class 8 Trustee pursuant to the provisions of the Class 8 Trust Agreement (which may include notations on the Peso Notes rather than their cancellation), so that each holder of a Trust Certificate will receive its Pro Rata share of such excess.
Likewise, the "Class 8 Trustee" will be an Entity selected by the Committee and approved, after notice and a hearing, by the Bankruptcy Court on or before the Effective Date, that is willing to serve as the trustee under the Class 8 Trust, as trustee under the Class 8 Trust Agreement.
Reorganized Avianca S.A. shall direct the Class 8 Trustee to issue to the Holders of Allowed Claims in Class 8 the Class 8 Trust Certificates to be distributed in accordance with the provisions of Section 5.1.8 of the Plan or to be placed in a Disputed Claims Reserve in accordance with the provisions of Section 6.2.2 of the Plan.
Reorganized Avianca S.A. and the Class 8 Trustee shall enter into the Trust Agreement, and the Class 8 Trustee, Reorganized Avianca S.A. and Reorganized Avianca, Inc.
Reorganized Avianca S.A. shall execute and deliver to the Class 8 Trustee, for deposit into the Class 8 Trust, a Peso Note in the aggregate fixed principal amount equal to the sum of the fixed principal amounts of the Class 8 Trust Certificates to be distributed in accordance with the provisions of Section 5.1.8 of the Plan and shall place in the Disputed Claims Reserve a Peso Note in the aggregate fixed principal amount determined in accordance with the provisions of Section 6.2.2 of the Plan.