Liquidating Trust Waterfall definition

Liquidating Trust Waterfall means the Distribution of proceeds of Liquidating Trust Assets pursuant to the Liquidating Trust Agreement.
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Liquidating Trust Waterfall means the priority of payments and distributions to be made by the Liquidating Trust as set forth in Article VI hereof.
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Examples of Liquidating Trust Waterfall in a sentence

  • The Environmental Response/Restoration Trust shall receive distributions from the Liquidating Trust on account of the Class B Beneficial Interests pursuant to the Liquidating Trust Waterfall set forth in Article VI of the Plan.

  • Notwithstanding the foregoing, all Liquidating Trust Proceeds shall be paid over to the Liquidating Trust and shall be applied in accordance with the Plan, the Exit Financing Credit Agreement and the Liquidating Trust Waterfall.

  • Any proceeds of the PT Assets in excess of the amounts needed to fund the Property Trust’s limited purpose shall revert to the Liquidating Trust and be distributed in accordance with the Liquidating Trust Waterfall.

  • Any Liquidating Trust Assets which are not distributable in accordance with this Section 3.05(c) as of the termination of Liquidating Trust shall be distributed in accordance with the Liquidating Trust Waterfall.

  • Section 3.05 Distributions (a) The Liquidating Trustee shall distribute the Liquidating Trust Proceeds in accordance with the provisions of the Plan, the Exit Financing Credit Agreement and the Liquidating Trust Waterfall.

  • If for any reason the Liquidating Trust shall terminate and be deemed wound up prior to the sale, transfer or other disposition of the Liquidating Trust Assets entry of a Final Order resolving all Causes of Action, and receipt by the Liquidating Trust of all amounts to which the Liquidating Trust may be entitled, notwithstanding anything to the contrary set forth herein, the distribution of any proceeds recovered at any time thereafter shall be made in accordance with the Liquidating Trust Waterfall.

  • On the Effective Date, each Holder of an Allowed Claim will, by operation of the Plan, receive a Liquidating Trust Interest representing the right of such Holder to receive Distributions from the Liquidating Trust in accordance with the Liquidating Trust Agreement and Liquidating Trust Waterfall.

  • For the avoidance of doubt, the Liquidating Trust (with the assistance of the Disbursing Agent(s) (as defined herein) as necessary) shall make Distributions to the Liquidating Trust Beneficiaries only in accordance with the Liquidating Trust Waterfall.

  • From time to time, the Liquidating Trustee shall determine whether the Cash in the Wind-Down Budget exceeds the amount of Cash needed to fund the Wind-Down Budget and may distribute any such excess Cash in accordance with the Liquidating Trust Waterfall.

  • Upon the resolution of all Disputed Claims, the Liquidating Trustee shall make a pro rata distribution of any remaining assets to the Liquidating Trust Beneficiaries in accordance with the Liquidating Trust Waterfall.

Related to Liquidating Trust Waterfall

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • 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."

  • 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.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

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

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • 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 Agent has the meaning specified in Section 7.2(a).

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

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

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Liquidation Agent has the meaning set forth in Section 9.03.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.