Plan Trustee definition

Plan Trustee means the Person appointed pursuant to Article V of the Plan and the Plan Trust Agreement for the purpose of acting as Trustee of the Plan Trust in accordance with the terms and conditions contained in the Plan, the Plan Trust Agreement and the Confirmation Order.
Plan Trustee means any of the persons acting as trustee of the Plan Trust pursuant to Section 7.4 of the Plan.

Examples of Plan Trustee in a sentence

  • What is now required is a detailed review of the law of easements, profits and covenants as a whole.

  • The Plan Trustee shall have the power to administer, amend, supplement or modify the TDP in accordance with the terms thereof.

  • For purposes of performing his or her duties and fulfilling his or her obligations under the Plan Trust Agreement, the TDP and the Plan, the Plan Trustee shall be deemed to be a party in interest within the meaning of section 1109(b) of the Bankruptcy Code.

  • The Plan Trustee, each member of the TAC, the Futures Representative and the Representatives of each of the foregoing will have a lien upon the Plan Trust Assets which will be prior to any lien thereon, and the Plan Trust will grant a security interest in the Plan Trust Assets, all proceeds thereof and all accounts into which such proceeds or the Plan Trust Assets are deposited or maintained to secure payment of amounts payable to them as compensation or indemnification.

  • The Plan Trust shall be empowered to initiate, prosecute, defend, and resolve all such actions in the name of the Debtors and/or Reorganized Congoleum if deemed necessary or appropriate by the Plan Trustee.


More Definitions of Plan Trustee

Plan Trustee shall have the meaning ascribed thereto in the definition ofBeneficial Owner” herein;
Plan Trustee means, [ *** ], and for all other purposes, State Street Bank and Trust Company, each in their capacity as trustee for one or more trusts that hold Plan Assets and, in each case, any successor thereto.
Plan Trustee means that person(s) or entity nominated and approved by the Board pursuant to Section 4.01 and 4.02 to hold legal title to the Plan assets for the purposes set forth herein.
Plan Trustee means the Public Employees Retirement Board of New Mexico in its role as fiduciary to the Plan. The Plan Trustee’s only duty under the Plan is to ensure that all investments, amounts, property and rights held under the Plan trust are held for the exclusive benefit of the Participants and their beneficiaries.