Intention of Parties to Establish a Liquidating Trust. The Litigation Trust is intended to be classified as a liquidating trust for U.S. federal income tax purposes and, to the extent provided by law, shall be governed and construed in all respects as such a trust and any ambiguity herein shall be construed consistent herewith and, if necessary, this Litigation Trust Agreement may be amended in accordance with Article 10 herein to comply with such U.S. federal income tax laws, which amendments may apply retroactively.
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Samples: Litigation Trust Agreement, Litigation Trust Agreement, Litigation Trust Agreement
Intention of Parties to Establish a Liquidating Trust. The This Litigation Trust Agreement is intended to be classified as create a “liquidating trust trust” for U.S. federal income tax purposes and, to the extent provided by law, shall be governed and construed in all respects as such a trust and any ambiguity herein shall be construed consistent herewith and, if necessary, this Litigation Trust Agreement may be amended in accordance with Article 10 herein Section 8.1 hereof to comply with such U.S. federal income tax laws, which amendments may apply retroactively.
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