Examples of Investor Trustee in a sentence
The Investor Trustee shall have the ability to seek an order of the Bankruptcy Court that Allows, Disallows, or subordinates any Equity Interest in, or Investor Claim against, an Investor Trust Debtor or establishes a supplemental bar date for purposes of determining whether any additional Equity Interests in, or Investor Claims against, the Investor Trust Debtors exist.
The record Holders of beneficial interests shall be recorded and set forth in a register maintained by the Investor Trustee expressly for such purpose.
Pursuant to the Plan and the Investor Trust Agreement, the Investor Trustee shall act in a fiduciary capacity on behalf of the interests of all Holders of Claims and Equity Interest that will receive Distributions pursuant to the terms of the Plan and Investor Trust Agreement.
For all federal income tax purposes, all parties (including the Plan Debtors, the Investor Trustee, and the Investor Trust Beneficiaries) shall treat the transfer of the Investor Trust Assets by the Plan Debtors to the Investor Trust, as set forth in the Investor Trust Agreement, as a transfer of such assets by the Plan Debtors to the Trust Beneficiaries entitled to Distributions from the Investor Trust Assets, followed by a transfer by such Holders to the Investor Trust.
On the Effective Date, the Investor Trustee shall be appointed and shall constitute a representative of the Plan Debtors’ estates under section 1123 of the Bankruptcy Code.
Accordingly, the Investor Trustee shall, in an expeditious but orderly manner, liquidate and convert to Cash the Investor Trust Assets, make timely Distributions to the Trust Beneficiaries and not unduly prolong its duration.
The Investor Trustee shall be nominated by the Participant Investors in consultation with the Investor Trust Debtors, disclosed in the Plan Supplement, and subject to approval by the Bankruptcy Court at the Confirmation Hearing.
The Investor Trust Expenses, including the fees and expenses of any professionals retained by the Investor Trustee, shall be paid from the Investor Trust Assets.
The position of Wind-Down Administrator may be filled by the Investor Trustee (including any successor Investor Trustee), and the Investor Trust Agreement will permit the Investor Trustee to fulfil the role of and discharge the duties of the Wind-Down Administrator.
The Wind-Down Administrator shall have the authority to retain professionals or employ individuals to assist it in carrying out its duties as Wind-Down Administrator or, alternatively, may utilize the professionals or individuals employed by the Investor Trustee with the Investor Trustee’s consent.