Wind-Down Trust definition
Wind-Down Trust means that certain trust to be created on the Effective Date, as described in Article IV.E of the Plan.
Wind-Down Trust means that certain trust that may be created on the Effective Date, as described in Article VI.F.1.
Wind-Down Trust means the trust (if any) established on the Effective Date for the ratable benefit of the holders of the Wind-Down Trust Interests in accordance with the Plan and pursuant to the Wind-Down Trust Agreement.
Examples of Wind-Down Trust in a sentence
The Environmental Trustee shall create within the Environmental Trust Administrative Account a segregated Environmental Trust wind-down reserve account, in an amount of not more than $50,000, to fund the wind-down costs of the Environmental Trust (the “Environmental Wind-Down Trust Account”).
More Definitions of Wind-Down Trust
Wind-Down Trust means that certain trust to be created on the Effective Date, as described in Article IV.F.
Wind-Down Trust means that certain trust that may be created on the Effective Date, as described in Article VIII of this Combined Plan and Disclosure Statement.
Wind-Down Trust means the trust established on the Effective Date and described in Article IV.G to be established under Delaware trust law that, among other things, shall effectuate the wind- down of the Wind-Down Debtors, commence, litigate and settle the Vested Causes of Action that are not released, waived, settled, compromised, or transferred under the Plan and make distributions pursuant to the terms of the Plan and the Wind-Down Trust Agreement; provided that, for the avoidance of doubt, the Wind-Down Trust shall not conduct any business operations or continue the Debtors’ business operations after the Effective Date.
Wind-Down Trust means a trust established pursuant to a trust agreement in form and substance satisfactory to Buyer and Sellers which shall be funded by Buyer with the Wind Down Trust Amount and the Cash Consideration.