Trust Claims definition

Trust Claims means the D&O Claims and the Trust Avoidance Claims.
Trust Claims has the meaning set forth in Section 10.3 hereof.

Examples of Trust Claims in a sentence

Accordingly, the Liquidating Trust Beneficiaries shall be treated for United States federal income tax purposes as the grantors and owners of their respective share of the Liquidating Trust Assets (other than such Liquidating Trust Assets as are allocable to the Liquidating Trust Claims Reserve, discussed below).

If such a Med Plan is not so confirmed, then all existing common stock of CDSI shall be deemed canceled and New CDSI Common Stock shall be issued to the Bank, or an Entity designated by the Bank, in satisfaction of its Allowed Claims in Class A-1.1.In addition to the treatment provided above, the Bank will receive any net recoveries obtained by the Litigation Trust on account of the Litigation Trust Claims, after the CCG Note, the CDSI Note, the CCS Note, and the Med Note have been repaid.

Indirect PI Trust Claims ..........................................................................

No other Creditors or Entities shall receive any proceeds from the Litigation Trust Claims.

On the Effective Date, or as soon thereafter as practicable, the Litigation Trust Claims shall be irrevocably assigned, transferred and conveyed to the Litigation Trust.


More Definitions of Trust Claims

Trust Claims means Trust Avoidance Claims and D&O Claims.
Trust Claims means any and all Causes of Action against any Person, officer, director, shareholder, lender, attorney, law firm, auditor, accounting firm, accountant or other Person, in any way arising from, in connection with, or relating to the subject matters of the investigation conducted by the Joint Review Committee authorized by order of the Bankruptcy Court entered on April 28, 2005 (docket no. 561) with respect to conduct occurring prior to May 5, 2004 except with respect to professionals hired prior to May 2004 and whose services continued thereafter (except for "Professionals" defined herein), in which case conduct occurring prior to or subsequent to May 5, 2004 is a subject matter of the investigation and discussed at Section VI.G of the Disclosure Statement, other than (i) any Claim or Cause of Action against Crescent or Bank of America, N.A. or its Affiliates on account of or relating to its relationship with Crescent, which shall constitute Retained Actions, (ii) Causes of Action under Chapter 5 of the Bankruptcy Code unrelated to any such Causes of Action arising from, in connection with, or relating to the subject matters of the investigation conducted by the Joint Review Committee, (iii) any other Retained Action; and (iv) any Claims explicitly released under this Plan or by Final Order of the Bankruptcy Court prior to the date hereof (including the Bank Group Orders).
Trust Claims shall have the meaning set forth in Section 5.04(b).
Trust Claims means any and all Causes of Action against any Person, including, but not limited to, any officer, director, direct or indirect shareholder, lender, attorney, law firm, auditor, accounting firm, accountant or other Person, in any way arising from, in connection with, or relating to the subject matters of the investigation conducted by the Joint Review Committee with respect to any acts, conduct or omissions (i) by the officers and directors occurring on or prior to May 5, 2004, and (ii) occurring at any time with respect to any other Person, including, without limitation, in each case, those matters more particularly discussed in Section VI.G of the Disclosure Statement. Notwithstanding the foregoing in this Article 1.136, Trust Claims do not include: (i) Causes of Action against any Person who was first retained or employed in any capacity by the Debtors, their board of directors or any committee thereof on or after May 5, 2004, it being understood that this exception does not apply if such Person was retained or employed in any capacity by the Debtors, their board of directors or any committee thereof at any time prior to May 5, 2004; (ii) any Claim or Cause of Action against Crescent, which shall constitute a Retained Action; (iii) any Claim or Cause of Action against Bank of America, N.A. or its affiliates on account of or relating to its relationship with Crescent, which shall constitute a Retained Action; (iv) any Cause of Action under Chapter 5 of the Bankruptcy Code that does not arise from, connect with, or relate to the subject matters of the investigation conducted by the Joint Review Committee; (v) any other Retained Action; and (vi) any Claims explicitly released under the Plan or by Final Orders of the Bankruptcy Court prior to the date hereof (including the Bank Group Orders).
Trust Claims is defined in Section 3.1 of the Trust Agreement.
Trust Claims has the meaning set forth in Section 6.04(g).