Liquidating Trust definition

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."

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

Liquidating Trust means the trust described in Article V.F of the Plan to be established under Delaware trust law that shall effectuate the wind down of the Debtors and make Distributions pursuant to the terms of the Plan and Liquidating Trust Agreement. With respect to any action required or permitted to be taken by the Liquidating Trust, the term includes the Liquidating Trustee or any other person authorized to take such action in accordance with the Liquidating Trust Agreement.

Examples of Liquidating Trust in a sentence

• The requirement that the Liquidating Trust exercise “best efforts to fulfill the obligation” includes using best efforts to anticipate any potential Force Majeure event and best efforts to address the effects of any potential Force Majeure event (a) as it is occurring and (b) following the potential Force Majeure, such that the delay and any adverse effects of the delay are minimized.

• This Settlement Agreement applies to, is binding upon, and shall inure to the benefit of, and shall as applicable be enforceable by, the signatories hereto, their legal successors and assigns, the Debtors, the Reorganized Debtors, the Liquidating Trust, and all other Covered Entities.

• At the conclusion of the term of the Wind-Down Trust and satisfaction of the Prepetition Term Loan and DIP Order obligations, any excess funds shall be distributed to the Liquidating Trust in accordance with the Plan.

• Notwithstanding anything to the contrary herein, for the avoidance of doubt, all Prepetition Term Loan Collateral and DIP Collateral not otherwise transferred to the Liquidating Trust, as further described in the Plan, shall be transferred to the Wind-Down Trust subject to Liens, Claims and Interests of the Prepetition Term Loan Agent and DIP Agent (including prepetition and adequate protection Liens) to the same extent, validity and priority as set forth in the DIP Order.

• Unless PESRM recovers on the Excise Tax Refund Claim, the United States agrees that no other retirement of RINs by the Debtors, the Liquidating Trust, or the Covered Entities is required, with respect to any activities or conduct occurring prior to the Plan Effective Date, and the United States irrevocably waives any such requirements.

More Definitions of Liquidating Trust

Liquidating Trust means that trust established in accordance with section V.B. hereof, and which, after the Effective Date, will hold and distribute certain assets and funds for the benefit of holders of Allowed Claims in accordance with the terms of the Plan, and will have such powers, duties and obligations as are set forth therein, in the Liquidating Trust Agreement, in the Confirmation Order, in other Final Orders, and by applicable law.

Liquidating Trust means the trust to be established on the Effective Date in accordance with Article X hereof.

Liquidating Trust means the liquidating trust established by this Plan and described in Article 6.2 of this Plan and the Liquidating Trust Agreement.

Liquidating Trust means a liquidating or similar trust as may be established with respect to Sellers’ estates in conjunction with the Bankruptcy Cases.

Liquidating Trust means a grantor trust established pursuant to a Liquidating Trust Agreement.

Liquidating Trust means a trust to be established on or after the Effective Date with respect to the Liquidating Debtor but no later than January 15, 2022 (unless the Liquidating Debtor has previously dissolved), in accordance with the provisions of Article IX of the Plan and a Liquidating Trust Agreement for the benefit of holders of Allowed Claims and as determined by

Liquidating Trust means the trusts, if any, that may be established on the Effective Date in accordance with the terms hereof and any Liquidating Trust Agreement.