Common use of Bankruptcy Trustees Clause in Contracts

Bankruptcy Trustees. In instances where a member of the Trust Loans Settlement Class has filed for bankruptcy under Chapter 7 after obtaining his, her, or their FCMC/CFG Related Trust Loan, if said member of the Trust Loans Settlement Class opts out of the Settlement, the Chapter 7 bankruptcy trustee shall be deemed to have opted out of the Settlement. Similarly, if the Chapter 7 bankruptcy trustee of such a bankruptcy opts out of the Settlement, the member of the Trust Loans Settlement Class likewise shall be deemed to have opted out of the Settlement. If neither the member of the Trust Loans Settlement Class nor the Chapter 7 bankruptcy trustee opts out of the Settlement, both shall be bound by the Release provisions of Section 6.

Bankruptcy Trustees. In instances where a member of the Trust Loans DBNTC Trusts Settlement Class has filed for bankruptcy under Chapter 7 after obtaining his, her, or their FCMC/CFG Related Trust PCC- DBNTC Trusts Loan, if said the member of the Trust Loans DBNTC Trusts Settlement Class opts out of the Settlement, the Chapter 7 bankruptcy trustee shall be deemed to have opted out of the Settlement. SimilarlyConversely, if the Chapter 7 bankruptcy trustee of such a bankruptcy opts out of the Settlement, the member of the Trust Loans DBNTC Trusts Settlement Class likewise shall be deemed to have opted out of the Settlement. If neither the member of the Trust Loans DBNTC Trusts Settlement Class nor the Chapter 7 bankruptcy trustee opts out of the Settlement, both shall be bound by the Release provisions of Section Paragraph 6.

Bankruptcy Trustees. In instances where a member of the Trust Loans Advanta Settlement Class has filed for bankruptcy under Chapter 7 after obtaining his, her, or their FCMC/CFG Related Trust PCC- Advanta Loan, if said the member of the Trust Loans Advanta Settlement Class opts out of the Settlement, the Chapter 7 bankruptcy trustee shall be deemed to have opted out of the Settlement. SimilarlyConversely, if the Chapter 7 bankruptcy trustee of such a bankruptcy opts out of the Settlement, the member of the Trust Loans Advanta Settlement Class likewise shall be deemed to have opted out of the Settlement. If neither the member of the Trust Loans Advanta Settlement Class nor the Chapter 7 bankruptcy trustee opts out of the Settlement, both shall be bound by the Release provisions of Section Paragraph 6.

Bankruptcy Trustees. In instances where a member of the Trust Loans Countrywide Settlement Class has filed for bankruptcy under Chapter 7 after obtaining his, her, or their FCMC/CFG Related Trust PCC- Countrywide Loan, if said the member of the Trust Loans Countrywide Settlement Class opts out of the Settlement, the Chapter 7 bankruptcy trustee shall be deemed to have opted out of the Settlement. SimilarlyConversely, if the Chapter 7 bankruptcy trustee of such a bankruptcy opts out of the Settlement, the member of the Trust Loans Countrywide Settlement Class likewise shall be deemed to have opted out of the Settlement. If neither the member of the Trust Loans Countrywide Settlement Class nor the Chapter 7 bankruptcy trustee opts out of the Settlement, both shall be bound by the Release provisions of Section Paragraph 6.

Bankruptcy Trustees. In instances where a member of the Trust Loans LaSalle Settlement Class has filed for bankruptcy under Chapter 7 after obtaining his, her, or their FCMC/CFG Related Trust PCC-LaSalle Loan, if said the member of the Trust Loans LaSalle Settlement Class opts out of the Settlement, the Chapter 7 bankruptcy trustee shall be deemed to have opted out of the Settlement. SimilarlyConversely, if the Chapter 7 bankruptcy trustee of such a bankruptcy opts out of the Settlement, the member of the Trust Loans LaSalle Settlement Class likewise shall be deemed to have opted out of the Settlement. If neither the member of the Trust Loans LaSalle Settlement Class nor the Chapter 7 bankruptcy trustee opts out of the Settlement, both shall be bound by the Release release provisions of Section Paragraph 6.