Litigation Trust Beneficiaries definition

Litigation Trust Beneficiaries means the holders of Litigation Trust Interests.

Litigation Trust Beneficiaries means the Holders of Allowed Class 6 Claims and Allowed Class 7 Claims.

Litigation Trust Beneficiaries means (a) prior to the Excess Recovery Date, (i) holders of Allowed Class 7-A (except the holders of the Deficiency Claims on account of the Senior Secured Claims and the Bridge Loan Claims), Class 7-C (except the Senior/Bridge Guarantee Claims), (ii) holders of Allowed Class 7-D Claims (except the Senior/Bridge Deficiency Claims), (iii) subject to the satisfaction of the 2015 Notes Plan Conditions, holders of Allowed Class 8 Claims, and (iv) the Reorganized Debtors to the extent of 10% of any net recoveries on account of the Assigned Preference Claims, and (b), subject to Section 5.7 hereof, after the Excess Recovery Trigger Date, also including (i) the Reorganized Debtors to the extent of 1/3 of any recoveries on account of the Assigned Preference Claims and (ii) the holders of the Deficiency Claims on account of the Senior Secured Claims and the Bridge Loan Claims.

Examples of Litigation Trust Beneficiaries in a sentence

• The Litigation Trust Beneficiaries are the grantors, deemed owners and beneficiaries of the Trust.

• Notwithstanding the foregoing, all net proceeds of such Litigation Trust Assets shall be transferred to the Litigation Trust to be distributed to the Litigation Trust Beneficiaries consistent with the terms of the Plan and the Litigation Trust Agreement.

• The Valuation Expert’s determination of the fair market value as of the Effective Date of all Litigation Trust Assets transferred to the Trust is being used by the Trust, the Trustee, and the Litigation Trust Beneficiaries for all U.S. federal income tax purposes, including for determining tax basis and gain or loss.

• The SCC Litigation Trust Register shall contain the names, addresses for payment and notice, and class and number of SCC Litigation Trust Interests of each of the SCC Litigation Trust Beneficiaries.

• The Litigation Trust Beneficiaries shall be treated for all purposes of the Internal Revenue Code of 1986, as amended, as the grantors of the Litigation Trust and the owners of the Litigation Trust.

More Definitions of Litigation Trust Beneficiaries

Litigation Trust Beneficiaries shall have the meaning set forth in Recital D.

Litigation Trust Beneficiaries means the holders of Litigation TrustInterests.

Litigation Trust Beneficiaries means holders of Allowed Class 7-A Claims and Class 8 Claims, to the extent Class 8 votes to accept the Plan, and holders of Allowed General Unsecured Claims against MCI, MSC, MPI, Millennium America, Inc. and MPCO (except the Senior Secured Lenders or Bridge Lenders).

Litigation Trust Beneficiaries shall have the meaning ascribed to such term in Section 3.1 herein.

Litigation Trust Beneficiaries means the Holders of Allowed Class 4 Claims, Allowed Class 5 Claims, and Allowed Class 6 Claims and, to the extent provided for in a confirmed LandCo Plan, Allowed LandCo General Unsecured Claims, Allowed LandCo Credit Facility Deficiency Claims, and Allowed Insider Claims against the LandCo Debtors.

Litigation Trust Beneficiaries means the holders of Allowed Syndicate Claims, Allowed SocGen Claims and Allowed Class 4 Claims and the Litigation Trust Beneficiaries set forth in the Canadian Plan.

Litigation Trust Beneficiaries means, collectively, the MDC Litigation Trust Beneficiaries and the MTE Litigation Trust Beneficiaries.