Common use of Identification of Holders of Litigation Trust Interests Clause in Contracts

Identification of Holders of Litigation Trust Interests. The record holders of the Litigation Trust Interests shall be recorded and set forth in a register maintained by the Trustee expressly for such purpose. Except as otherwise required by law, references in this Litigation Trust Agreement to the identification of holders and the providing of information to holders shall be read to mean holders of record as set forth in the official register maintained by the Trustee and shall not mean any beneficial owner not recorded on such official registry. Unless expressly provided herein, the Trustee may establish a record date, which it deems practicable for determining the holders for a particular purpose. The distribution of Litigation Trust Interests to the holders of Litigation Trust Interests shall be accomplished as set forth herein.