MDL Court means, with respect to case number 14-MD-2543 (JMF), the United States District Court for the Southern District of New York. MDL Proceeding means the actions that have been transferred to and consolidated under the case number 14-MD-2543 (JMF) and are pending before the MDL Court, including certain Recall-Related Actions.
MLC means Motors Liquidation Company, which dissolved on December 15, 2011.
MSPA means the Master Sale and Purchase Agreement dated as of July 10, 2009, by and among Old GM, certain of its debtor
subsidiaries and NGMCO, Inc., as amended.
New GM means General Motors Company, together with its consolidated subsidiaries.
New GM Common Stock means the common stock of General Motors Company, including with respect to New GM Common Stock that has
been set aside from distribution, reserved, or sold and any Dividend Cash related to such New GM Common Stock.
New GM
Securities means the New GM Common Stock and the New GM Warrants (including with respect to New GM Common Stock and
New GM Warrants
that had been set aside from distribution, reserved or sold, and any Dividend Cash related to such New GM Common Stock).
New GM
Series A Warrants means the warrants to acquire shares of New GM Common Stock at an exercise price of $10.00 per share that were scheduled to expire on July 10, 2016.
New GM Series B Warrants means the warrants to acquire shares of New GM Common Stock at an exercise price of $18.33 per share that
were scheduled to expire on July 10, 2019.
New GM Warrants means the New GM Series A Warrants and the New GM Series B
Warrants. Old GM means MLC, formerly known as General Motors Corporation.
Other Administrative Cash means the
amount of cash, cash equivalents and marketable securities held by the GUC Trust that relates to proceeds from the sale of New GM Securities or appropriated Distributable Cash that had been set aside from distribution to fund the current or
projected liquidation and other administrative costs or income tax liabilities of the GUC Trust, plus (a) any Dividend Cash related to New GM Common Stock so sold or Distributable Cash so appropriated and (b) investment income earned on
marketable securities and cash equivalents.
Personal Injury Actions means the various actions (including putative class
actions) filed by various plaintiffs against New GM seeking compensatory and other damages for personal injury and other claims allegedly arising from accidents that occurred as a result of the underlying condition of the vehicles subject to the
recalls initiated by New GM.
Plan means the Debtors Second Amended Joint Chapter 11 Plan, filed with the Bankruptcy
Court on March 18, 2011.
QSF means Qualified Settlement Fund under applicable regulations of the United States Department of
Treasury.
Recall-Related Actions means, collectively, the Ignition Switch Economic Loss Actions and the Personal Injury
Actions.
Reporting Costs means fees, costs and expenses of the GUC Trust directly or indirectly relating to (i) reports
to be prepared and filed by the GUC Trust pursuant to applicable rules, regulations and interpretations of the SEC, (ii) the transfer, registration for transfer and certification of GUC Trust Units, (iii) the application by the Committee
to the IRS for a private letter ruling regarding the tax treatment of the GUC Trust and the holders of Allowed General Unsecured Claims in respect of the distribution of New GM Securities and (iv) certain legal proceedings relating to the Term
Loan Avoidance Action.
Residual Wind-Down Assets means the funds remaining of the approximately $42.8 million in cash
and prepaid expenses transferred by MLC to the GUC Trust on the Dissolution Date to satisfy the Residual Wind-Down Claims and Residual Wind-Down Costs (which amount consisted of approximately $40.0 million in cash, including approximately
$1.4 million for Avoidance Action Defense Costs, and the transferred benefit of approximately $2.8 million in prepaid expenses).
Residual Wind-Down Claims means all disputed administrative expenses, priority tax claims, priority
non-tax claims, and secured claims against the Debtors that were remaining as of the Dissolution Date and are not resolved at a given time.
Residual Wind-Down Costs means certain costs, fees and expenses relating to satisfying and resolving the Residual Wind-Down
Claims. Resolved Allowed Claims means the Resolved Term Loan Avoidance Action Claims and the Resolved Disputed Claims.
Resolved Disputed Claims means previously Disputed General Unsecured Claims that are subsequently allowed.
Resolved Term Loan Avoidance Action Claims means the Term Loan Avoidance Action Claims that are subsequently allowed as a result
of recoveries by the Avoidance Action Trust pursuant to the Term Loan Avoidance Action.
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