Liquidation Trust Accounts definition

Liquidation Trust Accounts means the bank accounts to be held in the name of the Liquidation Trustee that are created pursuant to Article IV.A of the Plan.
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Liquidation Trust Accounts has the meaning set forth in the Liquidation Trust Agreement. “Liquidation Trust Administrative Account” has the meaning set forth in the Liquidation Trust Agreement.
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Liquidation Trust Accounts means the Pueblo Liquidation Trust Account and the FLBN Liquidation Trust Account.
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Examples of Liquidation Trust Accounts in a sentence

  • In furtherance of the purposes of the Liquidation Trust, the Liquidation Trustee shall determine whether the creation of a limited liability company or similar entity in which the Liquidation Trust is at least an 80% owner (“Liquidation Trust-Owned Entity”) is necessary to hold, manage and safeguard some or all of the Liquidation Trust Accounts and the Liquidation Trust Acquired Assets.

  • For avoidance of doubt, under no circumstances may any creditor of the Liquidation Trust-Owned Entity access the Liquidation Trust Accounts for satisfaction of any liabilities of the Liquidation Trust-Owned Entity.

  • The funding processes applied to midwives were flawed and discriminatory and failed to take into account the skills, effort, responsibility and working conditions of midwives while having systems in place to provide ever increasing (until very recently) compensation for CHC physicians.

  • The Liquidation Trustee shall have the authority to create additional sub- accounts in the Liquidation Trust Accounts and sub-trusts within the Liquidation Trust, which may have a separate legal existence, but which shall be considered sub-accounts or sub-trusts of the Liquidation Trust.

  • He shall sell the WDMA Assets at the WDMA Sale and account for the WDMA Sale Proceeds which he shall deposit in the Liquidation Trust Accounts as set forth herein and in the Liquidation Trust Agreement.

  • The Liquidation Trustee shall open and use federally insured Liquidation Trust Accounts to hold funds for the Carve-Outs, Unsecured Allowance, and Liquidation Reserve.

  • Any Cash left in the Liquidation Trust Accounts after satisfaction of all Allowed Claims relative to such Accounts, as applicable, shall first be used to satisfy unpaid Allowed Priority Claims, then Allowed but unpaid Administrative Expense Claims and then Allowed General Unsecured Claims.

  • The Cash in the Carve-Out and Unsecured Allowance Liquidation Trust Accounts shall be used solely for payment of Allowed Administrative, Priority and Unsecured Claims as applicable.

  • The Liquidation Trust Accounts will be funded by the transfer of the Liquidation Trust Assets or the proceeds thereof from the respective Debtors.

  • On other occasions, he has – I can think back as early as two years ago, and this is the only time that I have actually joined him as part of a large group.


More Definitions of Liquidation Trust Accounts

Liquidation Trust Accounts means those accounts established and maintained by the Liquidation Trustee to hold the Liquidation Trust Assets.
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Related to Liquidation Trust Accounts

  • 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 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.

  • 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.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • 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.

  • 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.

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

  • 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).

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

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

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

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

  • Trust Funds means, in the aggregate, all of the Funds and Accounts.

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

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

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • 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.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).