Liquidating Trust Beneficiaries definition

Liquidating Trust Beneficiaries means the holders of Liquidating Trust Interests.

Liquidating Trust Beneficiaries means those holders of Allowed Claims against or Equity Interests in a Debtor to the extent such holders receive Liquidating Trust Interests.

Liquidating Trust Beneficiaries means Holders of Allowed Class 3 Claims.

Examples of Liquidating Trust Beneficiaries in a sentence

• Nothing in this Agreement shall be deemed to prevent the Liquidating Trustee from taking or refraining to take any action on behalf of the Liquidating Trust that, based upon the advice of counsel or other professionals, the Liquidating Trustee determines in good faith that it is obligated to take or to refrain from taking in the performance of any duty that the Liquidating Trustee may owe the Liquidating Trust Beneficiaries or any other Person pursuant to the Plan, Confirmation Order, or this Agreement.

• All such amounts withheld and paid to the appropriate Governmental Unit shall be treated as amounts distributed to such Liquidating Trust Beneficiaries for all purposes of this Agreement.

• The Liquidating Trustee may resign by giving not less than 45 days’ prior written notice thereof by filing a notice with the Bankruptcy Court (and such notice shall be served on the Liquidating Trust Beneficiaries); provided however, after the closing or dismissal of the Chapter 11 Cases, such notice shall be posted on a website maintained by the Liquidating Trust and served on the Liquidating Trust Beneficiaries.

• The transfer of the Liquidating Trust Assets to the Liquidating Trust pursuant to Section 2.2 hereof is being made for the sole benefit, and on behalf, of the Liquidating Trust Beneficiaries.

• The Liquidating Trust Beneficiaries shall be entitled to distributions from the Liquidating Trust Proceeds in accordance with the terms of the Plan, the Confirmation Order, and this Agreement.

More Definitions of Liquidating Trust Beneficiaries

Liquidating Trust Beneficiaries means those holders of Allowed Claims against the Liquidating Debtor to the extent such holders receive Liquidating Trust Interests.

Liquidating Trust Beneficiaries means all individuals and entities entitled to Distributions from the Liquidating Trust under the Plan.

Liquidating Trust Beneficiaries means (i) the holders of Units and

Liquidating Trust Beneficiaries means the Holders of Claims and Equity Interests under this Plan. Notwithstanding the fact that the Indenture Trustee has filed an Allowed Claim on behalf of the Noteholders, such Noteholders are deemed to be Liquidation Trust Beneficiaries.

Liquidating Trust Beneficiaries means the Holders of Claims and Equity Interests under the Plan. Notwithstanding the fact that the Indenture Trustee has filed an Allowed Claim on behalf of the Noteholders, such Noteholders are deemed to be Liquidation Trust Beneficiaries, it being understood and agreed that the Indenture Trustee is not a Liquidating Trust Beneficiary.

Liquidating Trust Beneficiaries means the holders of Allowed Claims under this Plan, whether or not such Claims are Allowed as of the Effective Date.

Liquidating Trust Beneficiaries means all Entities entitled to receive Distributions or payments from the Funds within the Liquidating Trust pursuant to the Plan.