Common use of Litigation Trust Continuance Clause in Contracts

Litigation Trust Continuance. The death, disability, dissolution, liquidation, resignation, or removal of the Litigation Trustee shall not terminate the Litigation Trust or revoke any existing agency created by the Litigation Trustee pursuant to this Litigation Trust Agreement or invalidate any action theretofore taken by the Litigation Trustee, and the provisions of this Litigation Trust Agreement shall be binding upon and inure to the benefit of the successor Litigation Trustee and all its successors or assigns

Appears in 2 contracts

Samples: Litigation Trust Agreement, Litigation Trust Agreement

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Litigation Trust Continuance. The death, disabilitymedical incapacity, dissolution, liquidation, resignation, or removal of the Litigation Trustee shall not terminate the Litigation Trust or revoke any existing agency created by the Litigation Trustee pursuant to this Litigation Trust Agreement or invalidate any action theretofore taken by the Litigation Trustee, and the successor Trustee agrees that the provisions of this Litigation Trust Agreement shall be binding upon and inure to the benefit of the successor Litigation Trustee and all its successors or assigns.

Appears in 2 contracts

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

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Litigation Trust Continuance. The resignation, death, disability, dissolution, liquidationincapacity, resignation, liquidation or removal of the Litigation Trustee shall not terminate the Litigation Trust or revoke any existing agency created by the Litigation Trustee pursuant to this Litigation Trust Agreement or invalidate any action theretofore taken by the Litigation Trustee, and the provisions of this Litigation Trust Agreement shall be binding upon and inure to the benefit of the successor Litigation Trustee and all its successors or assigns.

Appears in 1 contract

Samples: Litigation Trust Agreement (Cano Health, Inc.)

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