Liquidating Trusts definition

Liquidating Trusts means the EPC Liquidating Trust and the Bioenergy and Maple
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Liquidating Trusts means the PCI Liquidating Trust and the BMO
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Liquidating Trusts means the liquidating trusts created under the Plan.
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Examples of Liquidating Trusts in a sentence

  • The Liquidating Trust's taxable income, gain, loss, deduction, and credit will be allocated pro rata to the holders of Liquidating Trust Interests in accordance with such holders' respective beneficial interests in the Trust, subject to the provisions of Article 5 hereof relating to Disputed Class F Claims.

  • Such report shall also describe the changes in the Liquidating Trust's assets during the period and the actions taken by the Liquidating Trustees during the period.

  • During the course of a fiscal year, whenever a material event relating to the Liquidating Trust's assets occurs, the Liquidating Trustees shall, within a reasonable period of time after such occurrence, prepare and mail to the Beneficiaries an interim report describing such event.

  • The assignment of the Interests by each of the Liquidating Trusts, as contemplated hereby, shall not be treated as a redemption of any of the beneficial interests held by Equis II in either of the Liquidating Trusts, and shall be treated as part of a liquidating distribution.

  • The Liquidating Trust's taxable income, gain, loss, deduction or credit will be allocated (subject to subsection C hereof, relating to Disputed Claims) to the Beneficiaries in accordance with their relative beneficial interests in the Liquidating Trust.

  • Such assignment shall be treated as an offset, to the extent of the Interest Value attributable to such Interests, against the cash distributions from each of the Liquidating Trusts to which Equis II would otherwise be entitled pursuant to the terms of each of the respective Liquidating Trust Agreements had the Interests been sold for $1,256,000 in cash and such cash had been had been distributed with other cash on a pro rata basis to the beneficiaries of each of the Liquidating Trusts.

  • If for any purposes hereunder such liability is properly allocated to two or more Investment Trusts or Liquidating Trusts, then such liability shall be satisfied from the Liquidating Trust Assets of the relevant Liquidating Trust as directed by the General Partners of the predecessor Investment Trusts in a manner consistent with the allocation practices prior to the Investment Trusts’ liquidations.

  • If there is a dispute as to a part of an invoice, the Liquidating Trustee shall pay the undisputed portion and the Bankruptcy Court shall resolve any disputed amount if the Liquidating Trustee Non-Professionals and the Liquidating Trustee or the Liquidating Trusts Advisory Board cannot otherwise reach agreement.

  • The Liquidating Trusts shall use good faith efforts to cause Kirkwood and Palisades to reflect the transfer of the Interests to Equis II on their respective books and records.

  • The Liquidating Trusts shall be vested with all the powers and authority set forth in the Plan and this Liquidating Trust Agreement.


More Definitions of Liquidating Trusts

Liquidating Trusts means, together, the Class 2 Liquidating Trust and the Class 3 Liquidating Trust.
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Related to Liquidating Trusts

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

  • Liquidating Trust Assets means all of the Assets of the Liquidating Debtor as of the time of transfer of the Assets to the Liquidating Trust.

  • Liquidating Trust Agreement means the agreement, substantially in the form annexed hereto as Exhibit A, establishing the Liquidating Trust in conformity with the provisions of the Plan, which shall be approved in the Confirmation Order and entered into by the Debtors, on behalf of the beneficiaries, and the Liquidating Trustee on the Confirmation Date pursuant to the terms of the Plan.

  • 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.