Creditor Trustee definition

Creditor Trustee means the person or entity, solely in the capacity as trustee of the Creditor Trust, selected by the Creditors’ Committee and approved by the Bankruptcy Court at the Confirmation Hearing to administer the Creditor Trust in accordance with the terms and provisions of the Creditor Trust Agreement.

Creditor Trustee means the disinterested individual selected by the Committee and disclosed prior to the Confirmation Hearing to act as trustee of and administer the Creditor Trust.

Creditor Trustee means Laurence V. Goddard, or any successor designated by the Advisory Committee, subject to approval by the Bankruptcy Court, to serve as custodian for the Creditor Trust and to oversee the liquidation and distribution of the Creditor Trust Assets held therein for the benefit of the Beneficiaries, pursuant to the Plan, the Confirmation Order and the Creditor Trust Agreement.

Examples of Creditor Trustee in a sentence

• Halperin, solely in his capacity as the Unsecured Creditor Trustee for Senior Care Centers, LLC, et al.

• The Oversight Committee shall monitor the activities of the Creditor Trustee and otherwise exercise such rights and duties as are set forth in the Creditor Trust Agreement.

• On the Effective Date, the Reorganized Debtors (solely in their capacity as successors to Debtors) and the Unsecured Creditor Trustee shall execute the Unsecured Creditor Trust Agreement, and shall take all steps necessary to establish the Unsecured Creditor Trust in accordance with the Plan, which shall be for the benefit of the Holders of Claims that receive beneficial interests in the Unsecured Creditor Trust.

• Any distributions provided for in the Plan and the allowance of any Claim for the purpose of voting on the Plan is and shall be without prejudice to the rights of the Plan Administrator, on behalf of the post Effective Date Estate and/or the Creditor Trustee, on behalf of the Creditor Trust, as the case may be, to pursue and prosecute any Causes of Action including, without limitation, any Creditor Trust Claims.

• From and after the Effective Date, any requirement that Professionals comply with Bankruptcy Code sections 327 through 331 and 1103 in seeking retention or compensation for services rendered after such date shall terminate, and the Reorganized Debtors and the Unsecured Creditor Trustee may employ and pay any professional in the ordinary course of business without any further notice to or action, order, or approval of the Bankruptcy Court.

More Definitions of Creditor Trustee

Creditor Trustee means the trustee of the Creditor Trust.

Creditor Trustee means Robert N. Michaelson, Esq., solely in his capacity as Creditor Trustee, approved prior to the Effective Date by the Bankruptcy Court to administer the Creditor Trust in accordance with the terms and provisions of Article 9 hereof and the Creditor Trust Agreement.

Creditor Trustee means Fred C. Caruso of the consulting firm Development Specialists, Inc.—including any replacement trustee or successor in interest to the Creditor Trustee—who shall serve as custodian for the Creditor Trust and to oversee the liquidation and Distribution of the Creditor Trust Assets held in the Creditor Trust for the benefit of the Beneficiaries pursuant to the Plan, the Confirmation Order, and the Creditor Trust Agreement.

Creditor Trustee means Barry Mukamal, the trustee for the Creditor Trust pursuant to the terms of, and for the purposes set forth in, the Plan, the Creditor Trust Agreement, and the Confirmation Order.

Creditor Trustee means any trustee from time to time serving as trustee of a Creditor Trust.

Creditor Trustee means the Person selected to serve as the initial trustee under the Creditor Trust. The Creditor Trustee and his/her terms of employment will be identified in the Plan Supplement.

Creditor Trustee means GlassRatner Advisory & Capital Group, LLC by and through Joseph Pegnia, appointed, effective as of the Effective Date, as trustee of the Creditor Trust for the purposes of representing the interests of Holders of Allowed Class 4 General Unsecured Claims and making Distributions to Allowed Class 4 General Unsecured Claims under the Plan and Creditor Trust Agreement. For the avoidance of doubt, all funds transferred to the Creditor Trustee for the purposes of making distributions to Holders of Allowed Class 4 Claims pursuant to the Plan are transferred to the Creditor Trustee solely in its capacity as trustee of the Creditor Trust and shall be construed as transfers to the Creditor Trust accordingly.