Common use of No Execution Clause in Contracts

No Execution. All funds in the Trust are deemed in custodia legis until such times as the funds have actually been paid to and received by a Claimant or any other person or entity, and no Claimant or any other person or entity can execute upon, garnish or attach the Trust corpus in any manner or compel payment from the Trust of any claim. Payments of allowed Claims are governed solely by the Plan, the Settlement Facility Agreement, the Claims Resolutions Procedures, the Litigation Facility Agreement and the Funding Payment Agreement.

Appears in 3 contracts

Samples: Depository Trust Agreement, Depository Trust Agreement, Depository Trust Agreement

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No Execution. All funds in the Trust are shall be deemed in custodia legis until such times as the funds have actually been paid to or for the benefit of a Beneficiary, and received by a Claimant no Beneficiary or any other person or entityPerson can bind, and no Claimant or any other person or entity can pledge, encumber, execute upon, garnish garnish, or attach the Trust corpus Assets or the Trustee in any manner or compel payment from the Trust except by final order of any claim. Payments of allowed Claims are governed solely by the Plan, the Settlement Facility Agreement, the Claims Resolutions Procedures, the Litigation Facility Agreement and the Funding Payment AgreementBankruptcy Court.

Appears in 2 contracts

Samples: Liquidating Trust Agreement, Liquidating Trust Agreement

No Execution. All funds in the Trust are shall be deemed in custodia legis until such times as the funds have actually been paid to or for the benefit of a Beneficiary, and received by a Claimant no Beneficiary or any other person or entity, and no Claimant or any other person or entity Person can execute upon, garnish or attach the Trust corpus Assets or the Trustee in any manner or compel payment from the Trust except by Final Order of any claimthe Bankruptcy Court. Payments of allowed Claims are will be solely governed solely by the Plan, the Settlement Facility Agreement, the Claims Resolutions Procedures, the Litigation Facility Agreement Plan and the Funding Payment this Agreement.

Appears in 2 contracts

Samples: Liquidating Trust Agreement (Circuit City Stores Inc), Liquidating Trust Agreement

No Execution. All funds in the Trust are shall be deemed in custodia legis until such times as the funds have actually been paid to or for the benefit of a Beneficiary, and received by a Claimant no Beneficiary or any other person or entityPerson can bind, and no Claimant or any other person or entity can pledge, encumber, execute upon, garnish garnish, or attach the Trust corpus Assets or the Trustee in any manner or compel payment from the Trust except by Final Order of any claimthe Bankruptcy Court. Payments of allowed Claims are Payment will be governed solely by the Plan, the Settlement Facility Agreement, the Claims Resolutions Procedures, the Litigation Facility Agreement Plan and the Funding Payment this Agreement.

Appears in 1 contract

Samples: Liquidating Trust Agreement

No Execution. All funds in the Trust are shall be deemed in custodia legis until such times as the funds have actually been paid to or for the benefit of a Beneficiary, and received by a Claimant no Beneficiary or any other person or entity, and no Claimant or any other person or entity Person can execute upon, garnish or attach the Trust corpus Distribution Assets or the Trust in any manner or compel payment from the Trust except by Final Order of any claimthe Bankruptcy Court. Payments of allowed Claims are Payment will be solely governed solely by the Plan, the Settlement Facility Agreement, the Claims Resolutions Procedures, the Litigation Facility this Agreement and the Funding Payment AgreementPlan.

Appears in 1 contract

Samples: Gpor Distribution Trust Agreement (GPOR Distribution Trust)

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No Execution. All funds in the Trust are shall be deemed in custodia legis until such times as the funds have actually been paid to or for the benefit of a Beneficiary, and received by a Claimant no Beneficiary or any other person or entity, and no Claimant or any other person or entity Person can execute upon, garnish or attach the Trust corpus Assets or the Trustee in any manner or compel payment from the Trust except by Final Order of any claimthe Bankruptcy Court. Payments of allowed Claims are will be solely governed solely by the Plan, the Settlement Facility Plan and this Agreement, the Claims Resolutions Procedures, the Litigation Facility Agreement and the Funding Payment Agreement.. 10.8

Appears in 1 contract

Samples: Liquidating Trust Agreement

No Execution. All funds in the Trust are shall be deemed in custodia legis until such times as the funds have actually been paid to or for the benefit of a Beneficiary, and received by a Claimant no Beneficiary or any other person or entity, and no Claimant or any other person or entity can execute upon, garnish or attach the Trust corpus Assets in any manner or compel payment from the Trust except by an order of any claimthe Bankruptcy Court. Payments of allowed Claims are Payment will be solely governed solely by the Plan, the Settlement Facility Agreement, the Claims Resolutions Procedures, the Litigation Facility Agreement Plan and the Funding Payment this Agreement.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Nationsrent Companies Inc)

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