Distribution Trustee definition

Distribution Trustee means the Person appointed to administer the Distribution Trust with such rights, duties, and obligations as set forth in the Distribution Trust Agreement.

Distribution Trustee means the Person appointed to administer the Distribution Trust with such rights, duties, and obligations as set forth in the Distribution Trust Agreement, subject to the authority of the Oversight Board.

Distribution Trustee means the trustee selected by the Creditors’ Committee with the consent of the Debtors and identified in the Distribution Trust Agreement (or any successor trustee), in its capacity as the trustee of the Distribution Trust.

Examples of Distribution Trustee in a sentence

• The Distribution Trustee shall distribute any Cash by wire, check, or such other method as it deems appropriate under the circumstances.

• The Distribution Trustee shall have the right to object to any rejection damage Claim.

• The Distribution Trustee, in the exercise of its sole discretion and judgment, may enter into agreements with taxing or other authorities for the payment of such amounts that may be withheld in accordance with the provisions of this section.

• Before receiving any Distributions, all Creditors, at the request of the Distribution Trustee, must provide written notification of their respective Federal Tax Identification Numbers or Social Security Numbers to the Distribution Trustee; otherwise, the Distribution Trustee may suspend Distributions to any Creditors who have not provided their Federal Tax Identification Numbers or Social Security Numbers.

• All compensation for the Distribution Trustee shall be paid from the Distribution Trust Assets in accordance with the Distribution Trust Agreement.

More Definitions of Distribution Trustee

Distribution Trustee means the Person appointed under the Chapter 11 Plan and Distribution Trust Agreement to administer the Distribution Trust. The Distribution Trustee shall be a representative of each SALIC Party’s bankruptcy estate in accordance with section 1123(b)(3)(B) of the Bankruptcy Code for the purposes of the DT Post-Closing Rights.

Distribution Trustee means Cullen in its capacity as trustee under the Trade Creditors Note and Seller Noteholders Note, or any successor thereto.

Distribution Trustee means the Person appointed to administer the

Distribution Trustee means Craig R. Jalbert.

Distribution Trustee means the trustee of the Distribution Trust having primary responsibility for the Distribution Trust, as provided in Article V.

Distribution Trustee means both of the Distribution Trust Committee Designee and the Distribution Trust Debtor Designee (or as such Persons may be replaced from time to time in accordance with the Distribution Trust Agreement), each of whom shall be appointed to jointly administer the Distribution Trust as trustees with equal rights, duties and obligations as set forth herein and in the Distribution Trust Agreement; provided, however, that the Distribution Trustees shall not take any action inconsistent with the purposes of the Distribution Trust and the qualification of the Distribution Trust as a “liquidating trust” for U.S. federal income tax purposes.

Distribution Trustee means the Person designated to serve as the trustee of the Distribution Trust pursuant to Section 5.8 hereof and identified in the Distribution Trust Agreement (or any successor trustee of the Distribution Trust), in its capacity as the trustee of the Distribution Trust.