Creditor Trustee definition

Creditor Trustee means the person or entity, solely in the capacity as trustee of the Creditor Trust, selected by the Creditors’ Committee and approved by the Bankruptcy Court at the Confirmation Hearing to administer the Creditor Trust in accordance with the terms and provisions of the Creditor Trust Agreement.

Creditor Trustee means the disinterested individual selected by the Committee and disclosed prior to the Confirmation Hearing to act as trustee of and administer the Creditor Trust.

Creditor Trustee means Laurence V. Goddard, or any successor designated by the Advisory Committee, subject to approval by the Bankruptcy Court, to serve as custodian for the Creditor Trust and to oversee the liquidation and distribution of the Creditor Trust Assets held therein for the benefit of the Beneficiaries, pursuant to the Plan, the Confirmation Order and the Creditor Trust Agreement.

Examples of Creditor Trustee in a sentence

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

• For the avoidance of doubt, the Creditor Trustee shall not have any rights or ability to waive any privilege of the Reorganized Debtors, either intentionally or inadvertently.

• On the Effective Date, the Plan Administrator, the Oversight Committee and the Creditor Trustee will enter into the Creditor Trust Agreement pursuant to which the Creditor Trust Funds will be advanced to the Creditor Trust and the Creditor Trustee shall take such actions as may be necessary to implement the Creditor Trust and the terms of the Creditor Trust Agreement.

• 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 Creditor Trustee may rely upon such proof without the requirement of any further investigation.

More Definitions of Creditor Trustee

Creditor Trustee means Robert N. Michaelson, Esq., solely in his capacity as Creditor Trustee, approved prior to the Effective Date by the Bankruptcy Court to administer the Creditor Trust in accordance with the terms and provisions of Article 9 hereof and the Creditor Trust Agreement.

Creditor Trustee means GlassRatner Advisory & Capital Group, LLC by and through Joseph Pegnia, appointed, effective as of the Effective Date, as trustee of the Creditor Trust for the purposes of representing the interests of Holders of Allowed Class 4 General Unsecured Claims and making Distributions to Allowed Class 4 General Unsecured Claims under the Plan and Creditor Trust Agreement. For the avoidance of doubt, all funds transferred to the Creditor Trustee for the purposes of making distributions to Holders of Allowed Class 4 Claims pursuant to the Plan are transferred to the Creditor Trustee solely in its capacity as trustee of the Creditor Trust and shall be construed as transfers to the Creditor Trust accordingly.

Creditor Trustee means the trustee of the Creditor Trust.

Creditor Trustee means the Person selected to serve as the initial trustee under the Creditor Trust. The Creditor Trustee and his/her terms of employment will be identified in the Plan Supplement.

Creditor Trustee means Barry Mukamal, the trustee for the Creditor Trust pursuant to the terms of, and for the purposes set forth in, the Plan, the Creditor Trust Agreement, and the Confirmation Order.

Creditor Trustee means the consulting firm Development Specialists, Inc.—including any replacement trustee or successor in interest to the Creditor Trustee—who shall serve as custodian for the Creditor Trust and to oversee the liquidation and Distribution of the

Creditor Trustee means the trustee of the Creditor Trust after his or her appointment pursuant to the Full Payment Appeal Plan and the Creditor Trust Agreement. The initial Creditor Trustee will be Dennis Faulkner.