Common use of Duties and Expenses of the Directors Clause in Contracts

Duties and Expenses of the Directors. 1. The Directors shall have the duties set forth in this Agreement and in the XXXX VI Trust Agreement. For the avoidance of doubt, the Directors will have duties and responsibilities comparable to those the same individuals exercise as trustees as set forth in the proposed Tribal Abatement Fund Trust Agreement filed 08/23/21 (Doc. 3634) with the Fifteenth Plan Supplement under the Eighth Amended Joint Chapter 11 Plan of Reorganization of Purdue Pharma L.P. and its Affiliated Debtors (the “Purdue Plan”), confirmed by the Bankruptcy Court in In re Purdue Pharma L.P., No. 19- 23649 (RDD) (S.D.N.Y) (without regard to the effectiveness of any other orders, documents, agreements or similar authorities that may otherwise be applicable to the Purdue Plan).

Appears in 2 contracts

Samples: Walmart Settlement Agreement, Walmart Settlement Agreement

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Duties and Expenses of the Directors. 1. The Directors shall have the duties set forth in this Agreement and in the XXXX VI VIII Trust Agreement. For the avoidance of doubt, the Directors will have duties and responsibilities comparable to those the same individuals exercise as trustees as set forth in the proposed Tribal Abatement Fund Trust Agreement filed 08/23/21 (Doc. 3634) with the Fifteenth Plan Supplement under the Eighth Amended Joint Chapter 11 Plan of Reorganization of Purdue Pharma L.P. and its Affiliated Debtors (the “Purdue Plan”), confirmed by the Bankruptcy Court in In re Purdue Pharma L.P., No. 19- 23649 (RDD) (S.D.N.Y) (without regard to the effectiveness of any other orders, documents, agreements or similar authorities that may otherwise be applicable to the Purdue Plan).

Appears in 1 contract

Samples: CVS Tribal Opioid Settlement Agreement

Duties and Expenses of the Directors. 1. The Directors shall have the duties set forth in this Agreement and in the XXXX VI TAFT IV Trust Agreement. For the avoidance of doubt, the Directors will have duties and responsibilities comparable to those the same individuals exercise as trustees as set forth in the proposed Tribal Abatement Fund Trust Agreement filed 08/23/21 (Doc. 3634) with the Fifteenth Plan Supplement under the Eighth Amended Joint Chapter 11 Plan of Reorganization of Purdue Pharma L.P. and its Affiliated Debtors (the “Purdue Plan”), confirmed by the Bankruptcy Court in In re Purdue Pharma L.P., No. 19- 19-23649 (RDD) (S.D.N.Y) (without regard to the effectiveness of any other orders, documents, agreements or similar authorities that may otherwise be applicable to the Purdue Plan).

Appears in 1 contract

Samples: Janssen Settlement Agreement

Duties and Expenses of the Directors. 1. The Directors shall have the duties set forth in this Agreement and in the XXXX VI V Trust Agreement. For the avoidance of doubt, the Directors will have duties and responsibilities comparable to those the same individuals exercise as trustees as set forth in the proposed Tribal Abatement Fund Trust Agreement filed 08/23/21 (Doc. 3634) with the Fifteenth Plan Supplement under the Eighth Amended Joint Chapter 11 Plan of Reorganization of Purdue Pharma L.P. and its Affiliated Debtors (the “Purdue Plan”), confirmed by the Bankruptcy Court in In re Purdue Pharma L.P., No. 19- 19-23649 (RDD) (S.D.N.Y) (without regard to the effectiveness of any other orders, documents, agreements or similar authorities that may otherwise be applicable to the Purdue Plan).

Appears in 1 contract

Samples: Global Tribal Opioid Settlement Agreement

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Duties and Expenses of the Directors. 1. The Directors shall have the duties set forth in this Agreement and in the XXXX VI VII Trust Agreement. For the avoidance of doubt, the Directors will have duties and responsibilities comparable to those the same individuals exercise as trustees as set forth in the proposed Tribal Abatement Fund Trust Agreement filed 08/23/21 (Doc. 3634) with the Fifteenth Plan Supplement under the Eighth Amended Joint Chapter 11 Plan of Reorganization of Purdue Pharma L.P. and its Affiliated Debtors (the “Purdue Plan”), confirmed by the Bankruptcy Court in In re Purdue Pharma L.P., No. 19- 23649 (RDD) (S.D.N.Y) (without regard to the effectiveness of any other orders, documents, agreements or similar authorities that may otherwise be applicable to the Purdue Plan).

Appears in 1 contract

Samples: Allergan Tribal Opioid Settlement Agreement

Duties and Expenses of the Directors. 1. The Directors shall have the duties set forth in this Agreement and in the XXXX VI IX Trust Agreement. For the avoidance of doubt, the Directors will have duties and responsibilities comparable to those the same individuals exercise as trustees as set forth in the proposed Tribal Abatement Fund Trust Agreement filed 08/23/21 (Doc. 3634) with the Fifteenth Plan Supplement under the Eighth Amended Joint Chapter 11 Plan of Reorganization of Purdue Pharma L.P. and its Affiliated Debtors (the “Purdue Plan”), confirmed by the Bankruptcy Court in In re Purdue Pharma L.P., No. 19- 23649 (RDD) (S.D.N.Y) (without regard to the effectiveness of any other orders, documents, agreements or similar authorities that may otherwise be applicable to the Purdue Plan).

Appears in 1 contract

Samples: Walgreens Settlement Agreement

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