Examples of TOPrS Trustee in a sentence
Nothing contained in this Plan shall constitute a waiver or release by the Debtors of any rights of setoff the Debtors may have against any Person other than holders of Old Senior Notes, TOPrS Certificates, the GPH Note, the Old Senior Note Trustee and the TOPrS Trustee.
In full satisfaction of Allowed Claims secured by Indenture Trustee Charging Liens, the Old Senior Note Indenture Trustee and/or the TOPrS Trustee, as the case may be, will receive from the Reorganized Debtors, Cash equal to the amount of such Claims, and upon such payment, in full, the Indenture Trustee Charging Liens will be automatically deemed released.
Holders of Claims in Class 2 and Class 5 and the TOPrS Trustee on behalf of Class 6 TOPrS Claims are entitled to vote on the Plan.
All New Warnaco Common Shares distributed to or for the benefit of Designer Finance Trust hereunder will be distributed by the TOPrS Trustee to the holders of the TOPrS.
Such Administrative Expense Claims shall include obligations to the DIP Lender, costs incurred in the operation of the Debtors' businesses after the Petition Date, the fees and expenses of Professionals retained by the Debtors, the Informal Senior Note Committee, the Old Senior Note Indenture Trustee, the Informal TOPrS Committee, the TOPrS Trustee, GPH, any statutory committee appointed to serve in the Chapter 11 Cases, and the fees due to the United States Trustee pursuant to 28 U.S.C. Section 1930.
As of the close of business on the Distribution Record Date, (i) the claims register shall be closed, (ii) the transfer books and records of the TOPrS as maintained by the TOPrS Trustee or its agent shall be closed and (iii) any transfer of any TOPrS Claim or any interest therein shall be prohibited.
Such distribution by the TOPrS Trustee will therefore satisfy any obligations arising under the TOPrS Guarantee inasmuch as all funds available to the Trust will be distributed to the holders of the TOPrS.
The estimated aggregate value of this distribution to holders of TOPrS Claims under the Plan is $2.8 million, or a 2.3% recovery on such Claims (subject to any applicable rights of the TOPrS Trustee to assert the TOPrS Trustee Charging Lien).
The Debtors, the Reorganized Debtors, and the TOPrS Trustee shall have no obligation to recognize any transfer of any TOPrS Claims occurring after the close of business on the Distribution Record Date, and shall instead be entitled to recognize and deal for all purposes under this Plan with only those holders of record as of the close of business on the Distribution Record Date.
Class 6 Claims shall be Allowed Claims pursuant to this Plan and entitled to the distributions set forth herein; provided, however, that any proof of claim in respect of the TOPrS filed by a registered or beneficial holder of a TOPrS Claim shall be disallowed as duplicative of proofs of claim numbered 1692, 1693, 1694 and 1695 filed by the TOPrS Trustee.