Creditor Trust Assets definition

Creditor Trust Assets means the State Law Avoidance Claims and any Cash contributed to the Creditor Trust.

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Creditor Trust Assets means, collectively, (a) the Assigned Causes of Action, (b) the GUC Available Cash, (c) the Techakraisri Payment, (d) the Finch Payment, and (e) other assets that may be transferred or otherwise provided, directly or indirectly, to the Creditor Trust on or after the Effective Date by any Person.

Creditor Trust Assets means (i) all Creditor Assets, (ii) all proceeds of Creditor Assets, including interest thereon accruing from and after the Effective Date, (iii) all Litigation Assets, and (iv) all Litigation Asset Proceeds, including interest thereon accruing from and after the Effective Date.

Examples of Creditor Trust Assets in a sentence

All monies and other assets received by the Creditor Trust shall, until distributed or paid over as herein provided, be held in trust for the benefit of the Beneficiaries, but need not be segregated from other Creditor Trust Assets.
The Creditor Trustee is the duly appointed representative of the Beneficiaries and Other Distributees with respect to the Creditor Trust Assets, and, as such, the Creditor Trustee succeeds to all of the rights and powers of the Beneficiaries and Other Distributees with respect to prosecution of the Assigned Actions.
The Creditor Trustee must maintain the Creditor Trust’s books and records relating to the Creditor Trust Assets, Beneficiaries, income earned by, expenses paid by, and claims made against the Creditor Trust in the detail and for the period necessary to enable the Creditor Trustee to make full and proper reports.
The Creditor Trustee must hold the Creditor Trust Assets for the sole benefit of the Beneficiaries.
Except as expressly provided in this Agreement, the Creditor Trustee need not file any accounting or seek approval of any court with respect to the administration of the Creditor Trust or as a condition for making any payment or Distribution out of the Creditor Trust Assets.

More Definitions of Creditor Trust Assets

Creditor Trust Assets means the Assets to be transferred to and vested in the Creditor Trust pursuant to the Plan and the Confirmation Order, plus all proceeds, earnings and replacements arising from or relating to those Creditor Trust Assets and all assets acquired by the Creditor Trust at any time. The Creditor Trust Assets include, without limitation:

Creditor Trust Assets means all assets transferred to or acquired by the Creditor Trust including without limitation (i) all Estate Property as of the Effective Date; (ii) all Cash of the Debtor; (iii) all Accounts Receivable of the Debtor; (iv) all rights to collect assessments owed to the Debtor; (v) the D.R. Horton Proceeds; and (vi) all beneficial rights under the D.R. Horton Settlement.

Creditor Trust Assets means the aggregate of (i) all Cash in the Debtors' Estates on the Effective Date, and (ii) all of the other assets and rights of the Debtors as of the Effective Date, including without limitation Litigation Rights.

Creditor Trust Assets means the Creditor Trust Claims, the Creditor Trust Funds, and any other assets acquired by the Creditor Trust after the Effective Date or pursuant to the Plan.

Creditor Trust Assets means those assets to be transferred to and vested in the Creditor Trust pursuant to this Plan and the Confirmation Order, plus all proceeds, earnings and replacements arising from or relating to these assets and all assets acquired by the Creditor Trust at any time. The Creditor Trust Assets shall include (but not be limited to): (i) all Cash held by the Debtor (less any Cash paid or to be paid on account of unpaid Allowed Professional Fee Claims); (ii) the Debtor’s remaining property, including accounts or any other tangible or intangible personal property and any and all proceeds thereof; (iii) the Debtor’s outstanding accounts receivable; (iv) the Debtor’s right, title and interest in and to all Causes of Action and any proceeds therefrom; and (v) all books and records related to the Debtor or its Estate. The Creditor Trust Assets shall not include any carve-outs from collateral of the Lenders, including without limitation amounts held by Professionals as carve-outs from the Lenders’ collateral to be used to compensate Professionals for their fees and expenses.

Creditor Trust Assets means those assets to be transferred or issued to the Creditor Trust consisting of the following, which, upon deposit into the Creditor Trust, shall be free and clear of any lien that might otherwise have existed in favor of any Person: (a) the Creditor Trust Litigation Fund; (b) the Committee's Avoiding Power Causes of Action; and (c) the Individual Creditor Clams which are assigned by such Creditors to the Creditor Trust.