Litigation Trust Interests definition

Litigation Trust Interests means the beneficial interests in the Litigation Trust to be created on the Plan Implementation Date.

Litigation Trust Interests means the beneficial interests in the Litigation Trust;

Litigation Trust Interests means the Class 1C Litigation Trust Interests, Class 1D Litigation Trust Interests, Class 1E Litigation Trust Interests, Class 1F Litigation Trust Interests, Class 1I Litigation Trust Interests, and Class 1J Litigation Trust Interests.

Examples of Litigation Trust Interests in a sentence

• In accordance with the Plan and the Implementation Agreement the majority of the Company’s assets were transferred to Newco and then transferred on to Newco II, with the exception of the shares of Sino Wood Partners Limited, which were transferred directly to Newco II.2 Litigation Trust Interests provide their holders with the right to receive cash distributions in accordance with the Litigation Trust Agreement, if any.

• Such assignment shall constitute payment, by set-off, of the full principal amount of the Newco Promissory Notes and of a portion of the Affected Creditor Claims equal to the aggregate principal amount of the Newco Promissory Notes, the Litigation Trust Receivable and the fair market value of the Litigation Trust Interests so transferred (with such payment being allocated first to the Noteholder Claims and then to the Ordinary Affected Creditor Claims).

• As reported in the 13th Report, the Unresolved Claims Reserve was to be established as the value and number of Newco Notes, Newco Shares and Litigation Trust Interests that would have been allocated to the Unresolved Claims if they were Proven Claims.

• As noted above, the Litigation Trust Interests were registered in favour of Affected Creditors, the Unresolved Claims Escrow Agent and, as to 25% of the interests, the Noteholder Class Action Claimants.

• The Unresolved Claims Escrow Agent shall forthwith, upon receipt of an Order of the Court or instruction of the Monitor directing the release of any Newco Shares, Newco Notes and/or Litigation Trust Interests from the Unresolved Claims Reserve, comply with any such Order or instruction.

More Definitions of Litigation Trust Interests

Litigation Trust Interests means the interests in the Litigation Trust, distributions of which will be made to Holders of Allowed General Unsecured Claims in accordance with Article III.B.4.

Litigation Trust Interests means the interests to be issued to the Litigation Trust Lenders and Holders of Allowed First Lien Lender Deficiency Claims, and Allowed General Unsecured Claims evidencing their interests in the Litigation Trust and the right to receive certain distributions therefrom in accordance with the Litigation Proceeds Waterfall.

Litigation Trust Interests means the beneficial interests in the Litigation Trust to be deemed distributed to holders of Allowed Prepetition Credit Agreement Claims and Allowed FairPoint Communications Unsecured Claims and the right to receive distributions on account of such beneficial interests.

Litigation Trust Interests shall have the meaning ascribed to such term in Section 3.2 herein.

Litigation Trust Interests means the non-transferable interests in the respective Litigation Trusts that are issued to the Litigation Trust Beneficiaries pursuant to this Plan.

Litigation Trust Interests means the beneficial interests in the Litigation Trust, which shall be allocated Pro Rata to the Holders of Class 4A General Unsecured Claims and Holders of Class 4B Prepetition Revolving Credit Facility Deficiency Claims.

Litigation Trust Interests means the beneficial interests in the Litigation Trust to be deemed distributed, pro rata, to holders of General Unsecured Claims classified under Class 5.