Liquidating Trust Estate definition

Liquidating Trust Estate means collectively, (i) all Assets transferred to the Liquidating Trust pursuant to this Plan on the Effective Date or at any time thereafter pursuant to this Plan, (ii) such additional or different corpus as the Liquidating Trustee may from time to time acquire and hold in trust pursuant to the Liquidating Trust Agreement, and (iii) all proceeds of all of the foregoing.

Liquidating Trust Estate means all the property held from time to time by the Trustee under this Agreement of Trust including but not limited to (i) the Assets, (ii) the proceeds (including rents, sales payments and recoveries of claims) from such property held, or from the sale thereof, (iii) dividends and other cash distributions received from any corporation, (iv) interest earned on any monies or securities held by the Trustee under this Agreement of Trust, and (v) any royalties or income of any kind.

Liquidating Trust Estate means all the property held from time to time by the Liquidating Trustees under this Agreement of Trust including but not limited to (i) proceeds from such property held, or from the sale thereof, (ii) dividends and other cash distributions received from any corporation, (iii) interest earned on any monies or securities held by the Liquidating Trustees under this Agreement of Trust, and (iv) any royalties or income of any kind; provided, however, that the Liquidating Trust shall not (A) acquire any listed stocks or securities, any readily-marketable assets or any operating assets of a going business, (B) retain cash in excess of a reasonable amount to meet fixed, contingent or unliquidated claims and contingent liabilities, (C) acquire any unlisted stock of a single issuer that represents eighty percent or more of the stock of such issuer, or (D) acquire any general or limited partnership interests.

Examples of Liquidating Trust Estate in a sentence

• In such cases, any Cash held for distribution on account of such Claims shall be property of the Liquidating Trust Estate, free of any restrictions thereon, and shall revert to the account from which such payment was originally issued to be distributed pursuant to the Plan.

• For federal income tax purposes, the transfer of Assets to the Liquidating Trust under the Plan shall be treated as a deemed transfer to the Beneficiaries of the Liquidating Trust Estate in satisfaction of their Claims followed by a deemed transfer of the Assets by the Beneficiaries to the Liquidating Trust.

• This difference is assumed to originate from superimposed unsteady mean slot flow fluctuations (monopole source).

• A Beneficiary shall have no title to, possession of, management of, or control of, the Liquidating Trust Estate except as herein expressly provided.

• No distribution under the Plan shall be made on account of an Allowed Claim that is payable by a party that is not the Debtor, the Estate, the Liquidating Trust, the Liquidating Trust Estate, or the Liquidating Trustee, including pursuant to any insurance policy (including any Insurance Policy), until the Holder of such Allowed Claim has exhausted all remedies with respect to such third party or insurance policy.

• The Liquidating Trustees may, at such times and for such amounts as they may deem appropriate, transfer, assign, or otherwise dispose of all or any part of the Liquidating Trust Estate as they deem appropriate at public auction or at private sale for cash or securities, or upon credit (either secured or unsecured as the Liquidating Trustees shall determine).

• Ground One [6] The worker submitted that his appeal was limited to an appeal against the cancellation of benefits.

• No Liquidating Trustee shall be subject to any personal liability whatsoever to any person in connection with the Liquidating Trust Estate or the affairs of this Liquidating Trust, except for his own misconduct knowingly and intentionally committed in bad faith.

• The Liquidating Trustees may, except as limited herein, deal with the Liquidating Trust Estate, including, without limitation, loan property to, borrow property from, purchase property from or otherwise deal with the Liquidating Trust Estate as if they were not Liquidating Trustees thereof.

• Except as expressly provided in the Plan or in any Order entered in the Chapter 11 Case prior to the Effective Date (including the Confirmation Order), the Liquidating Trust Estate (including the Liquidating Trustee on behalf of such estate), on and after the Effective Date, will have and retain any and all rights and defenses the Debtor had with respect to any Claim as of the Petition Date.

More Definitions of Liquidating Trust Estate

Liquidating Trust Estate means (a) the Liquidating Trust Assets, (b) such additional or different corpus, assets or investments, if any, as the Liquidating Trustee may from time to time acquire and/or hold in trust under the provisions of the Liquidating Trust Agreement and the Plan, and (c) any and all dividends, rents, royalties, income, proceeds and other receipts of, from or attributable to the foregoing, less any assets distributed or expenses incurred by the Liquidating Trustee in accordance with the terms and provisions of the Liquidating Trust Agreement.

Liquidating Trust Estate means all Assets of the Debtor that will be irrevocably transferred to the Liquidating Trust pursuant to this Plan on the Effective Date.

Liquidating Trust Estate means all Assets of the Debtor transferred to the Liquidating Trust pursuant to this Plan on the Effective Date or at any time thereafter pursuant to this Plan.