Common use of Appointment and Acceptance of Trustee Clause in Contracts

Appointment and Acceptance of Trustee. The Trustee shall be deemed to be appointed pursuant to Bankruptcy Code section 1123(b)(3)(B). The Trustee accepts the Trust created by this Agreement and the grant, assignment, transfer, conveyance and delivery to the Trustee, on behalf, and for the benefit, of the Trust Beneficiaries, by Deep Marine of all of their respective right, title and interest in the Trust Assets, upon and subject to the terms and conditions set forth herein, in the Plan and in the Confirmation Order.

Appointment and Acceptance of Trustee. The Trustee shall be deemed to be appointed pursuant to § 1123(b)(3)(B) of the Bankruptcy Code section 1123(b)(3)(B)Code. The Trustee accepts the Trust created by this Agreement and the grant, assignment, transfer, conveyance conveyance, and delivery to the Trustee, on behalf, and for the benefit, of the Trust Beneficiaries, by Deep Marine the Debtors of all of their respective right, title title, and interest in the Trust Assets, upon and subject to the terms and conditions set forth hereinin this Agreement, in the Plan Plan, and in the Confirmation Order.

Appointment and Acceptance of Trustee. The Trustee shall be deemed to be appointed pursuant to § 1123(b)(3)(B) and all other applicable sections of the Bankruptcy Code section 1123(b)(3)(B)Code. The Trustee accepts the Trust created by this Agreement and the grant, assignment, transfer, conveyance conveyance, and delivery to the Trustee, on behalf, and for the benefit, of the Trust Beneficiaries, by Deep Marine the Settlor of all of their its respective rightrights, title title, and interest in the Trust Assets, upon and subject to the terms and conditions set forth hereinin this Agreement, in the Plan Settlement Agreement, the Plan, and in the Confirmation Order.

Appointment and Acceptance of Trustee. The Trustee shall be deemed to be appointed pursuant to § 1123(b)(3)(B) and all other applicable sections of the Bankruptcy Code section 1123(b)(3)(B)Code. The Trustee accepts the Trust created by this Agreement and the grant, assignment, transfer, conveyance conveyance, and delivery to the Trustee, on behalf, and for the benefit, of the Trust Beneficiaries, by Deep Marine the Settlors of all of their respective rightrights, title title, and interest in the Trust Assets, upon and subject to the terms and conditions set forth hereinin this Agreement, in the Plan Plan, and in the Confirmation Order.