Common use of Incidents of Ownership Clause in Contracts

Incidents of Ownership. Except as provided in Section 1.5 of this Trust Agreement, the Liquidating Trust Beneficiaries shall be the sole beneficiaries of the Liquidating Trust and the Liquidating Trust Assets, and the Liquidating Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein, in the Plan and in the Confirmation Order, including those powers set forth in Section 6.2 of this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement

AutoNDA by SimpleDocs

Incidents of Ownership. Except as provided in Section 1.5 of this Trust Agreement1.6 hereof, the Liquidating Trust Beneficiaries shall be the sole beneficiaries of the Liquidating Trust and the Liquidating Trust Assets, and the Liquidating Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein, in the Plan and in the Confirmation Order, including including, but not limited to, those powers set forth in Section 6.2 of this Trust Agreementhereof.

Appears in 1 contract

Samples: Wmi Liquidating Trust Agreement (Washington Mutual, Inc)

Incidents of Ownership. Except as provided in Section 1.5 of this Trust Agreement, the Liquidating Trust The Beneficiaries shall be the sole beneficiaries of the Liquidating Trust and the Liquidating Trust Assets, and the Liquidating Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized hereinin this Agreement, in the Combined Disclosure Statement and Plan and in or the Confirmation Order, including those powers set forth in Section 6.2 of this Trust Agreement.

Appears in 1 contract

Samples: Liquidating Trust Agreement

Incidents of Ownership. Except as provided in Section 1.5 of this Trust Agreement, the Liquidating Trust The Beneficiaries shall be the sole beneficiaries of the Liquidating Trust and the Liquidating Trust Distributable Assets, and the Liquidating Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein, in this Liquidating Trust Agreement and the Plan and in the Confirmation Order, including those powers set forth in Section 6.2 of this Trust AgreementPlan.

Appears in 1 contract

Samples: Liquidating Trust Agreement

AutoNDA by SimpleDocs

Incidents of Ownership. Except as otherwise provided in Section 1.5 of this Trust Agreement, the Liquidating Trust Beneficiaries shall be the sole beneficiaries of the Liquidating Trust and the Liquidating Trust Assets, and the Liquidating Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein, in the Plan and in Plan, the Confirmation OrderOrder and this Agreement, including including, without limitation, those powers set forth in Section 6.2 IV of this Trust Agreement.

Appears in 1 contract

Samples: Liquidating Trust Agreement

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