Examples of Series 4 Trustee in a sentence
Nothing in this Plan shall require the Post-Confirmation Debtor, the Plan Administrator or any Disbursing Agent (including, without limitation, the Series 3 Trustee or the Series 4 Trustee) to attempt to locate any Holder of an Allowed Claim.
In accordance with Article VI hereof, all distributions relating to or on account of the Series 3 Note Claims and Series 4 Note Claims (until the Series 3 Note Claims have been paid in full) shall be made to the Series 3 Trustee subject to the express terms of the Plan, including, without limitation, the satisfaction of all fees and expenses secured by the Series 3 Trustee Charging Lien and Series 4 Trustee Charging Lien.
After satisfaction of such fees and expenses secured by the Series 3 Trustee Charging Lien and the Series 4 Trustee Charging Lien, any funds received by the Series 3 Trustee and/or the Series 4 Trustee shall be distributed in accordance with this Plan.
The Series 4 Trustee may employ or contract with other Entities to assist in or make the distributions to Holders of Allowed Series 4 Note Claims required under the Plan.
The Series 4 Trustee shall, in turn, administer the distribution to the Holders of such Allowed Series 4 Note Claims in accordance with the Plan.
In the event the Series 3 Note Claims are paid in full, any subsequent distributions in respect of Series 4 Note Claims shall be remitted to the Series 4 Trustee for distribution to the holders of Series 4 Note Claims in accordance with and subject to the express terms of the Plan.
Taxes and Special Assessments, if any, delinquent from former years, and Taxes and Special Assessments for the current year, if due and /or payable, shall be paid by the owner or owners.
The Series 4 Trustee shall be the Disbursing Agent for the Series 4 Note Claims and shall be vested with the rights afforded a “Disbursing Agent” pursuant to and as limited by this Plan and solely with respect to such matters concerning distributions on account of Series 4 Note Claims, including without limitation the right to receive compensation for and reimbursement of expenses incurred in connection with distribution services rendered pursuant to the Plan in accordance with Section 6.2 hereof.
Consistent with Bankruptcy Rule 3003(c), the Debtor, Post-Confirmation Debtor, Plan Administrator and Committee, as applicable, shall recognize proofs of claim timely filed by the Series 4 Trustee in respect of the Series 4 Notes and Series 4 Note Claims.
Accordingly, any claim arising under the Series 4 Notes or Indenture, proof of which is filed by the registered or beneficial holder of Series 4 Notes, shall be disallowed as duplicative of the Claim of Series 4 Trustee, without any further action of the Bankruptcy Court.