Litigation Trust Interests Sample Clauses

Litigation Trust Interests. Beneficial interests in the Litigation Trust will be represented by book entries on the books and records of the Litigation Trust.
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Litigation Trust Interests. The beneficial interests in the Litigation Trust will be represented by book entries on the books and records of the Litigation Trust. The Litigation Trust will not issue any certificate or certificates to evidence any beneficial interests in the Litigation Trust.
Sample 1
Litigation Trust Interests. On the date hereof, the Litigation Trust shall issue that percentage of the Litigation Trust Interests to each Litigation Trust Beneficiary, in accordance with the terms of the Plan, the Confirmation Order, and this Agreement, as is set forth next to such Litigation Trust Beneficiary’s name on Schedule 1 hereto (such percentage, the “Ratable Share Percentage”). The Litigation Trust Beneficiaries shall be entitled to distributions from the Litigation Trust Proceeds in accordance with the terms of the Plan, the Confirmation Order, and this Agreement including, without limitation, Section 4.5(a) below. The beneficial interests in the Litigation Trust will be represented by book entries on the books and records of the Litigation Trust. The Litigation Trust will not issue any certificate or certificates to evidence any beneficial interests in the Litigation Trust.
Sample 1
Litigation Trust Interests 
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Related to Litigation Trust Interests

  • CLASS ACTIONS The Custodian shall use its best efforts to identify and file claims for the Fund(s) involving any class action litigation that impacts any security the Fund(s) may have held during the class period. The Trust agrees that the Custodian may file such claims on its behalf and understands that it may be waiving and/or releasing certain rights to make claims or otherwise pursue class action defendants who settle their claims. Further, the Trust acknowledges that there is no guarantee these claims will result in any payment or partial payment of potential class action proceeds and that the timing of such payment, if any, is uncertain. However, the Trust may instruct the Custodian to distribute class action notices and other relevant documentation to the Fund(s) or its designee and, if it so elects, will relieve the Custodian from any and all liability and responsibility for filing class action claims on behalf of the Fund(s). In the event the Fund(s) are closed, the Custodian shall only file the class action claims upon written instructions by an authorized representative of the closed Fund(s). Any expenses associated with such filing will be assessed against the proceeds received of any class action settlement.

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