Ownership of Beneficial Interests Hereunder. Each Beneficiary shall own a beneficial interest herein which shall, subject to Section 4.1 herein and the Plan, be entitled to a distribution in the amounts, and at the times, set forth in the Plan.
Ownership of Beneficial Interests Hereunder. Each Liquidation Trust Beneficiary shall own a beneficial interest in the Liquidation Trust (as represented by the Liquidation Trust Interest(s) issued to such Liquidation Trust Beneficiary) in accordance with the Plan. The record holders of the Liquidation Trust Interests shall be recorded and set forth in a registry maintained by, or at the direction of, the Liquidation Trustee expressly for such purpose. Such obligation may be satisfied by the Liquidation Trust’s retention of a Transfer Agent for the maintenance of such registry and, so long as a registry of the Liquidation Trust Interests is maintained by a Transfer Agent, such Liquidation Trust Interests need not be registered on the books and records of the Liquidation Trust.
Ownership of Beneficial Interests Hereunder. Each Beneficiary shall own a beneficial interest in the Litigation Trust equal in proportion to the Pro Rata share of such Beneficiary’s Allowed Claim in accordance with the MRC/Marathon Plan.
Ownership of Beneficial Interests Hereunder. Each Beneficiary and the Reorganized Debtors shall own a beneficial interest in the Trust. Each Class 4A Beneficiary’s Trust Interest and each Class 4C Beneficiary’s Trust Interest is dependent upon such Beneficiary’s classification under the Plan and the status of its Allowed Claim.
Ownership of Beneficial Interests Hereunder. Each Beneficiary shall own a beneficial interest in the Trust equal to its Proportionate Share of all Allowed Class C-4 Claims.
Ownership of Beneficial Interests Hereunder. Each Beneficiary shall own a Litigation Trust Interest that shall, subject to section 8.7 of this Agreement and the Plan, be entitled to a distribution in the amounts, and at the times, set forth in this Agreement and the Plan.
