Plan Administration Trust definition

Plan Administration Trust means the trust to be created in accordance with Section 5.3 of the Plan to administer and make Distributions in respect of Claims against the Debtors (other than Channeled Claims) and administer the Plan.
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Plan Administration Trust means the trust established on the Effective Date pursuant to this Plan and the Plan Administration Trust Agreement and in accordance with Article 6.6 hereof.
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Plan Administration Trust means the trust to be formed pursuant to Article V.C of the Plan.
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Examples of Plan Administration Trust in a sentence

  • Any rights to receive a Distribution or other payment from the Plan Administration Trust (including any PAT Distribution Account or PAT Reserve), a Creditor Trust or the Master Disbursement Trust (including the MDT Claims Reserve) shall not constitute “securities” and shall not be registered pursuant to the Securities Act.

  • All documents, books and records of the Debtors that are Excluded Assets shall be transferred and assigned to the Plan Administration Trust; provided that, except for the Excluded Privileged Materials, NewCo shall receive copies of all documents, books and records of the Debtors that are Excluded Assets.

  • The Plan Administration Trust shall be established for the primary purpose of liquidating its assets (as applicable) and for making Distributions in accordance with the Plan and the Plan Administration Trust Agreement, with no objective to continue or engage in the conduct of a trade or business, except to the extent reasonably necessary to, and consistent with, the liquidating purpose of the Plan Administration Trust.

  • All reasonable and documented fees and expenses of the First Lien Agent (including the reasonable and documented fees and expenses of its counsel and agents) incurred in connection with such distributions shall be paid by the Plan Administration Trust.

  • On the Effective Date, or as soon as reasonably practicable thereafter, the Debtors shall provide the Plan Administration Trust with certain Privileged documents, described below, collected by the Debtors during the course of the Purdue Legal Matters and stored in the Relativity Database (“Sequestered Materials”), to be preserved for access by the DOB.

  • Any Holder of an Administrative Claim that is required to, but does not, file and serve a request for payment of such Administrative Claim pursuant to the procedures specified in the Confirmation Order shall be forever barred, estopped and enjoined from asserting such Claims against the Debtors, the Liquidating Debtors, the Transferred Debtors, the Plan Administration Trust or their respective Assets or properties, and such Claims shall be deemed discharged as of the Effective Date.

  • Any assets the Plan Administration Trust so abandons or otherwise does not accept shall not vest in the Plan Administration Trust.

  • It provides public and secret key cryptography and supports also other applications like e-purses, health insurance cards and access control.The operating system software is implemented on the P60D080PVC secure dual-interface controller of NXP Semiconductors (BSI-DSZ-CC-0837 [3]) including the optional Software Libraries RSA, EC and SHA-2 (NSCIB-CC-12-36243 [4]).

  • As of the Effective Date, all assets vested in the Plan Administration Trust and all assets dealt with in the Plan shall be free and clear of all Liens, Claims, and Interests except as otherwise specifically provided in the Plan or in the Confirmation Order.

  • Accordingly, for U.S. federal income tax purposes, it is intended that the beneficiaries of the Plan Administration Trust be treated as if they had received a Distribution from the Estates of an undivided interest in each of the assets of the assets of the Plan Administration Trust (to the extent of the value of their respective shares therein) and then contributed such interests to the Plan Administration Trust.

Related to Plan Administration Trust

  • Plan Administrator means the person, persons, and/or third-party administrator designated by the Company to administer the day to day operations of the Plan and the Company’s other equity incentive programs.

  • Benefits Committee means the Employee Benefits Committee of Textron.

  • Administrative Committee means the committee in charge of Plan administration, as described in Article VII.

  • Plan Committee means a committee of two or more directors appointed by the Board to administer the Plan.

  • Claims Administration means the processing of claims made under the Shared Policies, including, without limitation, the reporting of claims to the insurance carriers and the management of the defense of claims.

  • Retirement Committee means a committee consisting of the Company’s Vice President of Human Resources, the Director of HR Operations and the Compensation & Benefits Manager.

  • Plan Manager means Investec Bank plc which is authorised by the PRA and regulated by the FCA and the PRA and bound by its rules.

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Administration Account As defined in Section 7.02.

  • SARON Administrator means the SIX Swiss Exchange AG (or any successor administrator of the Swiss Average Rate Overnight).

  • Plan Sponsor has the meaning given in ERISA Section 3(16)(B).

  • Medication administration means the direct application of medications by injection, inhalation, ingestion, or any other means to an individual receiving services by (i) persons legally permitted to administer medications or (ii) the individual at the direction and in the presence of persons legally permitted to administer medications.

  • Claims Administrator means the firm proposed by Class Counsel and appointed by the Courts to administer the Settlement Amount in accordance with the provisions of this Settlement Agreement and the Distribution Protocol, and any employees of such firm.

  • Plan Trust means the trust governed by the Plan.

  • Plan Fiduciary As defined in Section 5.3(o).

  • Named Fiduciary means the Fiduciary or Fiduciaries named herein or in the Adoption Agreement who jointly or severally have the authority to control and manage the operation and administration of the Plan.

  • Investment Committee means the committee in charge of investment aspects of the Plan, as described in Article VII.

  • Benchmark Administrator means, initially, the SOFR Administrator, or any successor administrator of the then-current Benchmark or any insolvency or resolution official with authority over such administrator.

  • Oversight Committee means the committee established to monitor the overall implementation of the Canada-Ontario-AMO-Toronto Agreement.

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

  • Self-administration means carrying and taking medication without the intervention of the school nurse, approved through the school district policy and restricted to students with asthma, other potentially life-threatening illnesses or life-threatening allergic reaction.

  • Registered Benchmark Administrator means that the Underlying is administered by an administrator who is registered in a register pursuant to Article 36 of the Benchmark Regulation as specified in § 2 of the Product and Underlying Data.

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

  • Appeal Committee means the appeal committee established by the Council in terms of section 12(3)(a);

  • Plan Trustee means the Person appointed pursuant to Article V of the Plan and the Plan Trust Agreement for the purpose of acting as Trustee of the Plan Trust in accordance with the terms and conditions contained in the Plan, the Plan Trust Agreement and the Confirmation Order.

  • School administrator means a superintendent, principal or his/her designee assistant principal//technical center director or his/her designee and/or the District’s Equity Coordinator.