Continuance of Tort Claims Trust for Winding Up Sample Clauses

Continuance of Tort Claims Trust for Winding Up. (a) After the termination of the Tort Claims Trust and for the purpose of liquidating and winding up the affairs of the Tort Claims Trust, the Tort Claims Trustee shall continue to act as such until all duties under the Plan and this Tort Claims Trust Agreement have been fully performed. Upon distribution of all of the assets of the Tort Claims Trust, or the proceeds thereof, the Tort Claims Trustee shall hold the books, records and files delivered to or created by the Tort Claims Trustee for a period of four years after the last distribution of assets from the Tort Claims Trust is made. All costs and expenses associated with the storage of such documents shall be paid by the Tort Claims Trust. At the Tort Claims Trustee’s discretion, all such records and documents may be destroyed at any time after four years from the distribution of all of the assets of the Tort Claims Trust. Except as otherwise specifically provided herein, upon the distribution of all of the assets of the Tort Claims Trust, the Tort Claims Trustee shall have no further duties or obligations hereunder except to (a) account and report as provided in Section 3.7 hereof and (b) perform such other acts as may be required by law.
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Related to Continuance of Tort Claims Trust for Winding Up

  • Administrative Proceedings With a view to administering in a consistent, impartial, and reasonable manner all measures of general application affecting matters covered by this Agreement, each Party shall ensure that in its administrative proceedings applying measures referred to in Article 73 to particular persons or goods of the other Party in specific cases that:

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