Payment of Claims, Expenses and Liabilities. Provided the Trustee has been advised in writing respecting such claims, expenses, charges, liabilities and obligations, the Trustee shall pay from the Trust Assets in the Trust all claims, expenses, charges, liabilities, and obligations of the Trust Assets and all Liabilities relating to the Trust Assets and obligations which the Trustee specifically assumes and agrees to pay pursuant to this Agreement and such transferee liabilities which the Trustee may be obligated to pay as transferees of the Trust Assets in the Trust, including among the foregoing, and without limiting the generality of the foregoing, interest, penalties, taxes, assessments, and public charges of every kind and nature and the costs, charges, and expenses connected with or growing out of the execution or administration of this Trust and such other payments and disbursements as are provided in this Agreement or which may be determined to be a proper charge against the Trust Assets in the Trust by the Trustee.
Payment of Claims, Expenses and Liabilities. Provided the Managing Trustee has been advised in writing with respect to such claims, expenses, charges, liabilities and obligations, the Managing Trustee shall pay from the Trust Assets all claims, expenses, charges, liabilities, and obligations of the Trust Assets and all Liabilities relating to the Trust Assets and obligations which the Managing Trustee specifically assumes and agrees to pay pursuant to this Agreement and such transferee liabilities which the Managing Trustee may be obligated to pay as transferee of the Trust Assets, including, without limitation, interest, penalties, taxes, assessments, and public charges of every kind and nature and the costs, charges, and expenses connected with or growing out of the execution or administration of this Trust and such other payments and disbursements as are provided in this Agreement or which may be determined to be a proper charge against the Trust Assets by the Managing Trustee.
Payment of Claims, Expenses and Liabilities. Provided the Liquidating Trustee has been advised in writing respecting such claims, expenses, charges, liabilities and obligations, the Liquidating Trustee shall pay from the Liquidating Trust Assets in the Liquidating Trust all claims, expenses, charges, liabilities, and obligations of the Liquidating Trust Assets in the Liquidating Trust and all Liabilities relating to the Liquidating Trust Assets held in the Liquidating Trust and obligations which the Liquidating Trustee specifically assumes and agrees to pay pursuant to this Agreement and such transferee liabilities which the Liquidating Trustee may be obligated to pay as transferees of the Liquidating Trust Assets in the Liquidating Trust, including among the foregoing, and without limiting the generality of the foregoing, interest, penalties, taxes, assessments, and public charges of every kind and nature and the costs, charges, and expenses connected with or growing out of the execution or administration of this Liquidating Trust and such other payments and disbursements as are provided in this Agreement or which may be determined to be a proper charge against the Liquidating Trust Assets in the Liquidating Trust by the Liquidating Trustee.
Payment of Claims, Expenses and Liabilities. The Trustees shall pay from the Trust Assets all claims, expenses, charges, liabilities, and obligations of the Trust and all Liabilities and obligations which the Trustees specifically assume and agree to pay pursuant to this Agreement and such transferee liabilities which the Trustees may be obligated to pay as transferees of the Trust Assets, including among the foregoing, and without limiting the generality of the foregoing, interest, penalties, taxes, assessments, and public charges of every kind and nature and the costs, charges, and expenses connected with or growing out of the execution or administration of this Trust and such other payments and disbursements as are provided in this Agreement or which may be determined to be a proper charge against the Trust Assets by the Trustees.
Payment of Claims, Expenses and Liabilities. Subject to the budget agreed upon by the Post-Consummation Trust Committee in accordance with Section 4.4 of this Agreement, the Plan Administrator shall expend the Cash of the Post-Consummation Trust: (a) to pay reasonable and documented administrative expenses of the Post-Consummation Trust that are incurred (including, but not limited to, any taxes imposed on the Post-Consummation Trust or fees and expenses in connection with the administration and liquidation of the Post- Consummation Trust Assets and preservation of books and records as provided in Section 3.2 hereof); (b) to satisfy other obligations or other liabilities incurred or assumed by the Post- Consummation Trust (or to which the Post-Consummation Trust Assets are otherwise subject) in accordance with the Plan, including but not limited to Article IV.B.3 of the Plan, the Confirmation Order or this Agreement (it being understood that the Post-Consummation Trust has not assumed any obligations or liabilities of the Debtors except as expressly set forth in the Plan or the Confirmation Order), including fees and costs incurred in connection with the protection, preservation and liquidation of the Post-Consummation Trust Assets and the protection, preservation, and distribution of the Trust Proceeds and reasonable, documented out- of-pocket expenses of members of the Post-Consummation Trust Committee; and (c) to satisfy any other obligations of the Post-Consummation Trust expressly set forth in the Plan.
Payment of Claims, Expenses and Liabilities. The Trustees shall pay from the Trust Corpus all claims, expenses, charges, liabilities, and obligations of the Trust and all liabilities and obligations which the Trustees specifically assume and agree to pay pursuant to this Agreement and such transferee liabilities as the Trustees may be obligated to pay as transferees of the assets comprising the Trust Corpus, and the costs, charges, and expenses connected with or growing out of the execution or administration of the Trust and such other payments and disbursements as are provided in this Agreement or as may be determined to be a proper charge against the Trust Corpus by the Trustees.
Payment of Claims, Expenses and Liabilities. Subject to the budget agreed upon by the Liquidation Trust Committee in accordance with Section 4.4 of this Agreement, the Liquidation Trust Administrator shall expend the Cash of the Liquidation Trust: (a) to pay reasonable and documented administrative expenses of the Liquidation Trust that are incurred (including, but not limited to, any taxes imposed on the Liquidation Trust or fees and expenses in connection with the administration and liquidation of the Liquidation Trust Assets and preservation of books and records as provided in Section 3.2 of this Agreement); (b) to satisfy other obligations or other liabilities incurred or assumed by the Liquidation Trust (or to which the Liquidation Trust Assets are otherwise subject) in accordance with the Plan, including but not limited to Article IV.C.3 of the Plan, the Confirmation Order or this Agreement (it being understood that the Liquidation Trust has not assumed any obligations or liabilities of the Debtors except as expressly set forth in the Plan or the Confirmation Order), including fees and costs incurred in connection with the protection, preservation, and liquidation of the Liquidation Trust Assets and the protection, preservation, and distribution of the Trust Proceeds and reasonable, documented out-of-pocket expenses of members of the Liquidation Trust Committee; and (c) to satisfy any other obligations of the Liquidation Trust expressly set forth in the Plan.
Payment of Claims, Expenses and Liabilities. The Trustee shall pay from the U.S. Distribution Trust Assets all claims, expenses, charges, liabilities, and obligations of the U.S. Distribution Trust and of the U.S. Distribution Trust Assets, and any transferee liabilities that the Trustee may be obligated to pay as transferee, by reason of amounts distributed from the Liquidating Trust, including but not limited to, interest, penalties, taxes (including, without limitation, any U.S. Federal, state and local income taxes, and taxes arising under Canadian tax laws), assessments, and public charges of every kind and nature and the costs, charges, and expenses connected with or arising out of the execution or administration of the U.S. Distribution Trust (including, without limitation, reimbursement to the Trustee of fees, taxes and other expenses incurred to maintain the existence and for the operation of the Trustee), and such other payments and disbursements as are provided in this Agreement or which may be determined by the Trustee to be a proper charge against the U.S. Distribution Trust Assets. The Trustee may, in its discretion, make reasonable provision, by reserve or otherwise out of the Trust Assets, for such amount as the Trustee in good faith may reasonably determine to be necessary or desirable to meet current or future claims and liabilities of the U.S. Distribution Trust, whether fixed or contingent.
Payment of Claims, Expenses and Liabilities. (a) In accordance with Article XIV, the Trustee shall pay from the Liquidating Trust Estate all claims, expenses, charges, liabilities, and obligations of the Liquidating Trust Estate, including the Trust Property Liabilities, the Purchase Agreement Liabilities, the Other Liabilities and the Post-Merger Adjustments and other liabilities and obligations that the Trustee specifically assumes and agrees to cause the Liquidating Trust to pay pursuant to this Agreement of Trust and such transferee liabilities that the Trustee may be obligated to pay as transferees of the Liquidating Trust Estate, including among the foregoing, and without limiting the generality of the foregoing, interest, taxes, assessments, and public charges of every kind and nature and the costs, charges, and expenses connected with or growing out of the execution or administration of the Liquidating Trust and such other payments and disbursements as are provided in this Agreement or which may be determined to be a proper charge against the Liquidating Trust Estate by the Trustee. The Trustee may, in its discretion, make reasonable provision, by reserve or otherwise out of the Liquidating Trust Estate, for such amount as the Trustee in good faith may reasonably determine to be necessary or desirable to meet current or future claims and liabilities of the Liquidating Trust, whether fixed or contingent.
Payment of Claims, Expenses and Liabilities. The Trustee shall pay from the Trust Assets all claims, expenses, charges, liabilities and obligations of the Trust as contemplated by this Agreement and as required by law.
