Common use of Liquidation Trust Continuance Clause in Contracts

Liquidation Trust Continuance. The death, resignation or removal of the Liquidation Trustee shall not terminate the Liquidation Trust or revoke any then-existing agency created pursuant to this Agreement or invalidate any action theretofore taken by the Liquidation Trustee. In the event that a successor Liquidation Trustee is not appointed within thirty (30) days of when required under this Agreement, any Liquidation Trust Beneficiary may apply to the Bankruptcy Court for appointment of a successor Liquidation Trustee upon notice to the Liquidation Trust Supervisory Board.

Appears in 3 contracts

Samples: Liquidation Trust Agreement (Woodbridge Liquidation Trust), Liquidation Trust Agreement, Liquidation Trust Agreement

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Liquidation Trust Continuance. The death, resignation medical incapacity, dissolution, resignation, or removal of the Liquidation Trustee shall not terminate the Liquidation Trust or revoke any then-existing agency created by the Liquidation Trustee pursuant to this Agreement or invalidate any action theretofore taken by the Liquidation Trustee. In , and the event that a successor Liquidation Trustee is not appointed within thirty (30) days agrees that the provisions of when required under this Agreement, any Liquidation Trust Beneficiary may apply Agreement shall be binding upon and inure to the Bankruptcy Court for appointment benefit of a the successor Liquidation Trustee upon notice to the Liquidation Trust Supervisory Boardand all its successors or assigns.

Appears in 1 contract

Samples: Liquidation Trust Agreement

Liquidation Trust Continuance. The death, resignation dissolution, liquidation, resignation, or 277 removal of the Liquidation Trustee shall not terminate the Liquidation Trust or revoke any then-existing 278 agency created by the Liquidation Trustee pursuant to this Agreement or invalidate any action 279 theretofore taken by the Liquidation Trustee. In , and the event that a provisions of this Agreement shal be binding 280 upon and inure to the benefit of the successor Liquidation Trustee is not appointed within thirty (30) days of when required under this Agreement, any Liquidation Trust Beneficiary may apply to the Bankruptcy Court for appointment of a successor Liquidation Trustee upon notice to the Liquidation Trust Supervisory Board.and all its successors or assigns. 281 III. RESERVED 282 IV. RESERVED 283 V. LIABILITY OF LIQUIDATION TRUSTEE

Appears in 1 contract

Samples: Liquidation Trust Agreement

Liquidation Trust Continuance. The deathdissolution, resignation liquidation, resignation, or removal of the Liquidation Trustee shall not terminate the Liquidation Trust or revoke any then-existing agency created by the Liquidation Trustee pursuant to this Liquidation Trust Agreement or invalidate any action theretofore taken by the Liquidation Trustee. In , and the event that a provisions of this Liquidation Trust Agreement shall be binding upon and inure to the benefit of the successor Liquidation Trustee is not appointed within thirty (30) days of when required under this Agreement, any Liquidation Trust Beneficiary may apply to the Bankruptcy Court for appointment of a successor Liquidation Trustee upon notice to the Liquidation Trust Supervisory Boardand all its successors or assigns.

Appears in 1 contract

Samples: Liquidation Trust Agreement

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Liquidation Trust Continuance. The death, incapacity, resignation or removal of the Liquidation Trustee shall not terminate the Liquidation Trust or revoke any then-existing agency created pursuant to this Agreement or invalidate any action theretofore taken by the Liquidation Trustee. In the event that a successor Liquidation Trustee is not appointed within thirty (30) days of when required under this Agreement, any Liquidation Trust Beneficiary may apply to the Bankruptcy Court for appointment of a successor Liquidation Trustee upon notice to the Liquidation Trust Supervisory Board.

Appears in 1 contract

Samples: Liquidation Trust Agreement

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