Litigation Trust Recovery Proceeds definition

Litigation Trust Recovery Proceeds means the proceeds of the Litigation Trust Assets recovered by the Litigation Trust, net of direct expenses of the recovery thereof (e.g., the fees, expenses and costs of the subject litigation and collection).
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Litigation Trust Recovery Proceeds means the proceeds of the Litigation Trust Assets recovered by the Litigation Trust.
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Litigation Trust Recovery Proceeds means the proceeds of the Litigation Trust Causes of Action as recovered by the Litigation Trust, net of direct expenses of the recovery thereof (e.g., the fees, expenses and costs of the subject litigation and collection, including repayment of the Litigation Trust Loan and all expenses paid in connection with the Litigation Trust Causes of Action before the Confirmation Date). Specifically, the Litigation Trust Recovery Proceeds include the proceeds of (a) any recovery on account of the Litigation Trust Causes of Action or (b) the transfer to the Litigation Trust of all or a portion of the New Revolver Note, the New First Lien Note, the New Second Lien PIK Note and/or the New TOUSA Stock.
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Examples of Litigation Trust Recovery Proceeds in a sentence

  • The Codex Alimentarius covers all foods, whether processed or semi-processed or raw.

  • On the Effective Date (or as soon thereafter as is reasonably practicable), the Plan Administrator shall deposit in the Disputed General Unsecured Claim Reserve for each Debtor the amount of such Debtor’s series of Litigation Trust Interests, or, as applicable, the amount of such Debtor’s Litigation Trust Recovery Proceeds that would have been distributed to the holders of Disputed General Unsecured Claims if such Disputed General Unsecured Claims had been Allowed Claims on the Effective Date.

  • The Litigation Trust Committee may authorize the Litigation Trustee to retain Litigation Trust Recovery Proceeds to fund additional litigation with respect to Litigation Trust Assets.

  • Any Litigation Trust Recovery Proceeds received shall be used to repay the Litigation Trust Loan before making any distribution to Litigation Trust Beneficiaries or funding any other costs of the Litigation Trust.

  • Although, as the authors state in pg 913 (lines 10-15), this is becoming a common practice in works on plant science, it caneasily lead to confusion.

  • The Plan Administrator or Distribution Agent shall make a distribution from the Disputed General Unsecured Claim Reserve to the holder of any Disputed General Unsecured Claim as soon as practicable after such Disputed Claim has become an Allowed Claim, of the Litigation Trust Interests or, as applicable, the Litigation Trust Recovery Proceeds that such holder would have received on account of such Claim if such Claim had been an Allowed Claim on the Effective Date.

  • If a Disputed General Unsecured Claim is disallowed, in whole or in part, prior to any distribution of Litigation Trust Recovery Proceeds, the Litigation Trust Interests reserved on account of such claim shall be cancelled.

  • GDM-8444-22 Motion by Mr. Connor seconded by Mr. Rollins to approve Closed Session Consent items not pulled.Yeas: Mr. Rollins, Mrs.

  • On the Effective Date, the Reorganized Debtors will deposit with the Litigation Trust an amount in Cash equal to $300,000 to fund the expenses of the Litigation Trust, provided that the Litigation Trust Committee may request from the Reorganized Debtors up to an additional $300,000 to fund such expenses to be paid in Sopris’ sole discretion, which additional amount, if paid, shall be repaid to the Reorganized Debtors from Litigation Trust Recovery Proceeds.

  • This analysis showed the level of decay of the materials and some technical issues regarding mainly, but not exclusively, the impact of acid rain on the exterior façade of the building.

Related to Litigation Trust Recovery Proceeds

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • Net Liquidation Proceeds With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.