Definition of Med Creditors Trust Trustee


Med Creditors Trust Trustee shall mean the Trustee of the Med Creditors Trust consisting of one (1) Entity to be designated by the Committee on or before the Effective Date.
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Examples of Med Creditors Trust Trustee in a sentence

Any Entity whose Disputed Claim is so estimated shall have recourse only against the Med Creditors' Trust and against no other assets or person (including the Med Creditors' Trust Trustee), and in any case only in an amount not to exceed the estimated amount of such Entity's Claim, even if such Entity's Claim, as finally allowed, exceeds the maximum estimated amount thereof.
The Committee has the authority to designate a successor to the Med Creditors' Trust Trustee.
After the Effective Date, the affairs of the Med Creditors' Trust and all assets held or controlled by the Med Creditors' Trust shall be managed under the direction of the Med Creditors' Trust Trustee in accordance with the terms of the Med Creditors' Trust Agreement.
As to any unliquidated Disputed Claim, including Claims based upon rejection of executory contracts or leases, or other Disputed Claims, the Court, upon motion by the Med Creditors' Trust Trustee, may estimate the amount of the Disputed Claim and may determine an amount sufficient to reserve for any such Claim.
The Committee may, in its discretion, remove the Med Creditors' Trust Trustee.