Unsecured Creditor Distribution Trustee definition

Unsecured Creditor Distribution Trustee means the Person designated by the Committee in the Unsecured Creditor Distribution Trust Agreement to administer the Unsecured Creditor Distribution Trust upon the occurrence of a Trigger Event and any successor appointed in accordance with the Unsecured Creditor Distribution Trust Agreement.
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Examples of Unsecured Creditor Distribution Trustee in a sentence

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  • The Reorganized Debtors and the Unsecured Creditor Distribution Trustee shall, in all instances, and regardless of the occurrence of a Trigger Event, have reasonable consultation rights over all Claims reconciliation, objection, settlement, and distribution decisions relating to Cash Recovery General Unsecured Claims, and all such decisions shall be subject to the reasonable approval of the party that is not currently acting as the Creditor Claim Representative.

  • Upon the occurrence of a Trigger Event that results in the Creditor Claim Representative becoming the Unsecured Creditor Distribution Trustee, the Reorganized Debtors shall deliver to the Creditor Claim Representative a list as of the date of the Trigger Event of each holder of a Cash Recovery General Unsecured Claim, the amount of each such holder’s Cash Recovery General Unsecured Claim, whether such claim is Allowed or Disputed, and the address and the name of a contact person for each such holder.

  • In the event that the Unsecured Creditor Distribution Trustee and the Reorganized Debtors do not agree that a Trigger Event has occurred, the identity of the Creditor Claim Representative shall be determined by order of the Court.

  • The Unsecured Creditor Distribution Trustee may conclusively rely on, and shall not be required to independently investigate or verify, the information provided by the Reorganized Debtors for purposes of making distributions from the Unsecured Creditor Distribution Trust and serving as trustee of the Unsecured Creditor Distribution Trust.

  • The Reorganized Debtors shall file a notice on the docket maintained in the Chapter 11 Cases informing the Court that a Trigger Event has occurred and that the Unsecured Creditor Distribution Trustee has become the Creditor Claim Representative, and shall serve such notice to all holders of Disputed Cash Recovery General Unsecured Claims in accordance with the Unsecured Creditor Distribution Trust Agreement.

  • Upon the occurrence of a Trigger Event, the Reorganized Debtors shall serve the Unsecured Creditor Distribution Trustee with written notice of the Trigger Event, which notice shall include a description of the events that caused the Trigger Event.

  • With respect to expenses incurred by the Unsecured Creditor Distribution Trustee, if any, acting as the Creditor Claim Representative, all Creditor Claim Representative Expenses, including the reasonable, documented fees and expenses of legal counsel to the Creditor Claim Representative, shall be paid from the Unsecured Creditor Cash Pool in accordance with the Unsecured Creditor Distribution Trust Agreement.

Related to Unsecured Creditor Distribution Trustee

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Unsecured Creditors means, collectively, the Preferred Creditors and the Ordinary Creditors; and

  • Distribution Agent shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.05 herein."

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Class B Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Second Lien Noteholders means the registered holders, from time to time, of the Second Lien Notes, as determined in accordance with the relevant Second Lien Notes Indenture.

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Allowed Secured Claim means an Allowed Claim secured by a Lien, security interest, or other charge against or interest in property in which the Debtor has an interest or that is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value (as specified in the Plan, or if no value is specified, as determined in accordance with Section 506(a) of the Bankruptcy Code) of the interest of a holder of such Allowed Claim in the Debtor's interest in such property or to the extent of the amount subject to such setoff, as the case may be.

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • Class A Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of: • the amount of interest accrued at the class A note interest rates for the related accrual period on the aggregate outstanding principal balances of all classes of class A notes on the immediately preceding distribution date, after giving effect to all principal distributions to class A noteholders on that preceding distribution date; and • the Class A Note Interest Shortfall for that distribution date.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Liquidating Agent has the meaning specified in Section 7.2(a).

  • Junior Certificateholder The Holder of not less than 95% of the Percentage Interests of the Junior Class of Certificates.

  • Allowed Unsecured Claim means all or that portion of an Unsecured Claim which is an Allowed Claim.

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.

  • Second Priority Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes and the Class B Notes on such Payment Date), over (ii) the Adjusted Pool Balance for such Payment Date minus (b) the First Priority Principal Distribution Amount for such Payment Date; provided, however, that the Second Priority Principal Distribution Amount on the Class B Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class B Notes to zero.

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.

  • Noteholders’ Distributable Amount means, with respect to any Distribution Date, the sum of the Noteholders’ Principal Distributable Amount and the Noteholders’ Interest Distributable Amount.