Liquidating Trust Interests definition

Liquidating Trust Interests means the non-certificated beneficial interests of a Liquidating Trust allocable to holders of Allowed Claims and/or Equity Interests in accordance with the terms and conditions of a Liquidating Trust Agreement, which may or may not be transferable.

Liquidating Trust Interests means the uncertificated beneficial interests in the Liquidating Trust representing the right of each Holder of an Allowed General Unsecured Claim to receive Distributions from the Liquidating Trust in accordance with Article V.F.5 of this Plan and the Liquidating Trust Agreement.

Liquidating Trust Interests means the beneficial interests in the Liquidating Trust to be issued to the Liquidating Trust Beneficiaries pursuant to the Plan and the Liquidating Trust Agreement.

Examples of Liquidating Trust Interests in a sentence

• To the extent that a Liquidating Trust is established for a Debtor in accordance with Article X of the Plan, any Distributions to be made to holders of Allowed Claims thereafter shall be made by the Liquidating Trustee to such holders as holders of Liquidating Trust Interests in accordance with the provisions of the Plan.

• After the Effective Date, and only if the Plan Administrator determines that one or more Liquidating Trusts are in the best interests of one or more Debtors and holders of Allowed Claims against and Equity Interests in such Debtors, the Plan Administrator and a Liquidating Trustee shall execute a Liquidating Trust Agreement, and shall take all other necessary steps to establish a Liquidating Trust and Liquidating Trust Interests therein, which shall be for the benefit of Liquidating Trust Beneficiaries.

• To the maximum extent provided by section 1145 of the Bankruptcy Code and applicable non-bankruptcy law, the issuance of any New Securities or Liquidating Trust Interests will be exempt from registration under the Securities Act of 1933, as amended, and all rules and regulations promulgated thereunder and any other applicable non-bankruptcy law or regulation.

• Distributions of Cash on account of such Liquidating Trust Interests shall be made in accordance with Section 10.7 of the Plan.

• Any indemnification claim of the Liquidating Trustee (and the other parties entitled to indemnification under this subsection) shall be satisfied solely from the Liquidating Trust Assets and shall be entitled to a priority distribution therefrom, ahead of the Liquidating Trust Interests and any other claim to or interest in such assets.

More Definitions of Liquidating Trust Interests

Liquidating Trust Interests means the non-transferable interests in the

Liquidating Trust Interests means the interests distributed to holders of Convenience Claims and General Unsecured Claims, as applicable, in accordance with Article

Liquidating Trust Interests means the beneficial interests, if any, in the Liquidating Trust Assets for distribution to the Beneficiaries.

Liquidating Trust Interests means the beneficial interests in the Liquidating Trust, which shall be distributed in accordance with the Plan to Holders of Allowed Class 3 General Unsecured Claims and Holders of Class 4 Penalty Claims.

Liquidating Trust Interests means the beneficial interests, if any, in the Liquidating Trust Assets for distribution to the Beneficiaries or otherwise as set forth in the Liquidating Trust Agreement.

Liquidating Trust Interests means the interests in the Liquidating Trust allocated to the Beneficiaries.

Liquidating Trust Interests means the uncertificated beneficial interests in the Liquidating Trust representing the right of each Holder of an Allowed General Unsecured Claim, Allowed Guaranteed Claim, or Allowed Coldwater/Aspenwood Claim, to receive Cash distributions from the Liquidating Trust in accordance with the terms of this Plan.