Common use of Intention of Parties to Establish Liquidating Trust Clause in Contracts

Intention of Parties to Establish Liquidating Trust. This Trust Agreement is intended to create a liquidating trust for United States 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 Trust Agreement may be amended to comply with such United States federal income tax laws, which amendments may apply retroactively.

Appears in 2 contracts

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

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Intention of Parties to Establish Liquidating Trust. This Trust Agreement is intended to create a liquidating trust for United States 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 Trust Agreement may be amended to comply with such United States federal income tax laws, which amendments may apply retroactively.

Appears in 2 contracts

Samples: Liquidating Trust Agreement (High Speed Access Corp), Liquidating Trust Agreement (Global Crossing LTD)

Intention of Parties to Establish Liquidating Trust. This Trust Agreement is intended to create a liquidating trust for United States 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 trust. Any ambiguity herein shall be construed consistent herewith and, if necessary, this Trust Agreement may be amended by the Liquidating Trustee, with the consent of the Trust Advisory Board, to comply with such United States federal income tax laws, which amendments may apply retroactively.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Majestic Holdco, LLC)

Intention of Parties to Establish Liquidating Trust. This Litigation Trust Agreement is intended to create a liquidating trust for United States federal income tax purposes a "liquidating trust" that satisfies the requirements of Revenue Procedure 94-45 and, to the extent provided by law, shall be governed and construed in all respects as such a trust and liquidating trust. Notwithstanding anything to the contrary contained herein, any ambiguity herein shall be construed consistent herewith and, if necessary, this Litigation Trust Agreement may be amended to comply with such United States federal income tax laws, which amendments may apply retroactively.

Appears in 1 contract

Samples: Litigation Trust Agreement

Intention of Parties to Establish Liquidating Trust. This Trust Agreement is intended to create a liquidating trust for United States 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 with such intent and purpose and, if necessary, this Trust Agreement may be amended to comply with such United States federal income tax laws, which amendments may be made to apply retroactively.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Highlands Insurance Group Inc)

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Intention of Parties to Establish Liquidating Trust. This Trust Agreement is intended to create a liquidating trust for United States federal income tax purposes a “liquidating trust” that satisfies the requirements of Revenue Procedure 94-45 and, to the extent provided by law, shall be governed and construed in all respects as such a trust and liquidating trust. Notwithstanding anything to the contrary contained herein, any ambiguity herein shall be construed consistent herewith and, if necessary, this Trust Agreement may be amended to comply with such United States federal income tax laws, which amendments may apply retroactively.

Appears in 1 contract

Samples: Litigation Trust Agreement

Intention of Parties to Establish Liquidating Trust. This Trust Agreement is intended to create a liquidating trust for United States 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 -------------------------------------------------------------------------------- Liquidating Trust Agreement be construed consistent herewith and, if necessary, this Trust Agreement may be amended to comply with such United States federal income tax laws, which amendments may apply retroactively.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Global Crossing LTD)

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