Common use of Incidents of Ownership Clause in Contracts

Incidents of Ownership. The Beneficiaries shall be the sole beneficiaries of the Trust and the Trust Property, and the Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein and in the Plan, including but not limited to, those powers set forth in Section 4(b).

Appears in 6 contracts

Samples: Litigation Trust Agreement, Litigation Trust Agreement, Litigation Trust Agreement

AutoNDA by SimpleDocs

Incidents of Ownership. The Beneficiaries shall be the sole beneficiaries of the Trust and the Trust Property, and the Litigation Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein and in the Plan, including but not limited to, those powers set forth in Section 4(b)herein.

Appears in 2 contracts

Samples: Litigation Trust Agreement (Supermedia Inc.), Litigation Trust Agreement

Incidents of Ownership. The Beneficiaries shall be the sole beneficiaries of the Trust and the Trust Property, and the Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein and in the Plan, including but not limited to, those powers set forth in Section 4(b)2.2.

Appears in 2 contracts

Samples: Seventy Seven Energy Litigation Trust Agreement (Seventy Seven Energy Inc.), Seventy Seven Energy Litigation Trust Agreement

Incidents of Ownership. The Beneficiaries shall be the sole beneficiaries of the Trust and the Trust PropertyAssets, and the Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein in this Agreement, the Plan and in the Plan, including but not limited to, those powers set forth in Section 4(b)Confirmation Order.

Appears in 2 contracts

Samples: Orchids Paper Products Liquidating Trust Agreement, Bgi Creditors’ Liquidating Trust Agreement

Incidents of Ownership. The Beneficiaries shall be the sole beneficiaries of the Trust and the Trust PropertyAssets, and the Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein in this Agreement, the Settlement Agreement, the Plan and in the Plan, including but not limited to, those powers set forth in Section 4(b)Confirmation Order.

Appears in 1 contract

Samples: Trust Agreement

AutoNDA by SimpleDocs

Incidents of Ownership. The Trust Beneficiaries shall be the sole beneficiaries of the Trust, the Trust Assets and the Trust Property, and the Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein herein, in the Plan and in the PlanConfirmation Order, including including, but not limited to, those powers set forth in Section 4(b)6.1 hereof.

Appears in 1 contract

Samples: Trust Agreement

Incidents of Ownership. The Beneficiaries shall be the sole beneficiaries of the Trust and the Trust Property, and the Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein and in the Plan, including but not limited to, those powers set forth in Section 4(b)on their behalf.

Appears in 1 contract

Samples: Liquidating Trust Agreement (DLB Oil & Gas Inc)

Incidents of Ownership. The Beneficiaries shall be the sole beneficiaries of the Trust and the Trust Property, and the Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein and in the Plan, including but not limited to, those powers set forth in Section 4(b)herein.

Appears in 1 contract

Samples: Trust Agreement (Firstplus Financial Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!