GUC Trust Board definition

GUC Trust Board means the three (3) member board appointed as of the Effective Date to govern the GUC Trust, selected by the Oversight Board.
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GUC Trust Board means the three member oversight board for the GUC Trust, two members of which shall be selected by the Creditors’ Committee and one member of which shall be selected by the Unofficial Noteholders’ Committee.
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GUC Trust Board means the three (3) member board appointed as of the Effective Date to govern the GUC Trust, selected by the OversightCreditors’ Committee; provided, however, the Oversight Board may also appoint a fourth non-voting member to the GUC Trust Board to represent PREPA, which member shall be entitled to attend and participate in all meetings of the GUC Trust Board and have access to the same data as the other members of the GUC Trust Board.
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Examples of GUC Trust Board in a sentence

  • Subject to the approval and consent of the GUC Trust Board, the GUC Trust may retain and compensate attorneys, other professionals, and employees to assist the GUC Trust Board on such terms as the GUC Trustee deems appropriate without Title III Court approval.

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

  • If the GUC Trustee dies, becomes incapacitated, is terminated, or resigns for any reason, the GUC Trust Board shall designate a successor; provided, however, that under no circumstance shall the GUC Trustee be a director or officer with respect to any Affiliate of the GUC Trust.

  • The GUC Trustee, the GUC Trust Board, and the members of the GUC Trust Board shall be entitled to rely, in good faith, on the advice of their retained professionals.

  • On or before the Effective Date, the GUC Trust Agreement, substantially in the form attached as Exhibit 7.1 to this Plan, shall be executed by the Debtor and the GUC Trust Trustee, and all other necessary steps shall be taken to establish the GUC Trust, including establishment of the GUC Trust Board.

  • Indemnification of GUC Trustee and Members of GUC Trust Board 7679Q.

  • In the event of any inconsistency between the Plan and the GUC Trust Agreement, the GUC Trust Agreement shall govern.E. The GUC Trustee If the GUC Trustee dies, becomes incapacitated, is terminated, or resigns for any reason, the GUC Trust Board shall designate a successor; provided, however, that under no circumstance shall the GUC Trustee be a director or officer with respect to any Affiliate of the GUC Trust.

  • The GUC Trustee, the GUC Trust Board, and the members of the GUC Trust Board shall be entitled to rely, in good faith, on the advice of their retained professionals.ARTICLE XXVII AVOIDANCE ACTIONS TRUSTA.

Related to GUC Trust Board

  • Creditors’ Committee means the statutory committee of unsecured creditors appointed in the Chapter 11 Cases pursuant to section 1102 of the Bankruptcy Code.

  • Public Trustee means the public trustee within the meaning of the Public Trustee Act 1978.

  • County board means a county board of developmental disabilities.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Litigation Trustee means a Person to be determined by SFC and the Initial Consenting Noteholders prior to the Effective Time, with the consent of the Monitor, to serve as trustee of the Litigation Trust pursuant to and in accordance with the terms thereof.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Enforcement Committee A committee consisting of representatives of the Settling States and of the Participating Subdivisions. Exhibit B contains the organizational bylaws of the Enforcement Committee. Notice pursuant to Section XIV.Q shall be provided when there are changes in membership or contact information.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Hearing Board means the shoreline hearings board established by this chapter.

  • joint board means the Townsville-Thuringowa Water Supply Joint Board.

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Banning Committee means a Committee constituted for the purpose of these guidelines by the competent authority. The members of this Committee shall not, at any stage, be connected with the tendering process under reference.

  • State Water Board means the State Water Resources Control Board.

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Sub-Committee means a committee of a committee created by the Board.

  • Ad Hoc Committee means a special purpose committee of limited duration, appointed by Council to consider a specific matter and which is dissolved automatically upon submitting its final report to Council, unless otherwise directed by Council.

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Investment Committee means the committee in charge of investment aspects of the Plan, as described in Article VII.

  • Managing Committee means the individual or the body of individuals entrusted or charged with the management and administration of a private educational institution and where a society, trust, or an association manages more than one such institution, includes the managing committee of each such institution;

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Delaware Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code.

  • Oversight Committee means the committee established to monitor the overall implementation of the Canada-Ontario-AMO-Toronto Agreement.