Parent GUC Trust Preference definition

Parent GUC Trust Preference means one hundred percent (100%) of the Net Litigation Trust Proceeds to be distributed to Holders of Allowed Claims in Classes 1E, 1I and 1J and Allowed Class 1F Claims the Holders of which elect the treatment set forth in Section 3.2.6(c)(iii) or Section 3.2.6(c)(iv) until such Holders have received an amount equal to$90,000,000 in the aggregate from the Litigation Trust.
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Examples of Parent GUC Trust Preference in a sentence

  • After the Parent GUC Trust Preference has been paid in full, and until the Trusts’Trust Loan has been satisfied in full in accordance with the terms of the Trusts’Trust Loan Agreement, one hundred percent (100%) of the Net Litigation Trust Proceeds shall be applied to repay the Trusts’Trust Loan in accordance with the terms of the Trusts’Trust Loan Agreement.

  • After the Parent GUC Trust Preference has been paid in full, and until the Trust Loan has been satisfied in full in accordance with the terms of the Trust Loan Agreement, one hundred percent (100%) of the Net Litigation Trust Proceeds shall be applied to repay the Trust Loan in accordance with the terms of the Trust Loan Agreement.

Related to Parent GUC Trust Preference

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • UST Preferred Stock means the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, Series [●].

  • first preference means the figure “1” or any mark or word which clearly indicates a first (or only) preference,

  • Common Securities means the securities representing common undivided beneficial interests in the assets of the Issuer.

  • Capital Securities Guarantee means the guarantee agreement that the Company enters into with Wilmington Trust Company, as guarantee trustee, or other Persons that operates directly or indirectly for the benefit of holders of Capital Securities of the Trust.

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