Common use of Payment of Claims, Expenses and Liabilities Clause in Contracts

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. Provided the The Liquidating Trustee has been advised in writing respecting such claims, expenses, charges, liabilities and obligations, the Liquidating Trustee Trustees shall pay from the Liquidating Trust Assets in the Liquidating Trust Estate all claims, expenses, charges, liabilities, and obligations of the Liquidating Trust Assets in the Liquidating Trust Estate and all Liabilities relating to the Liquidating Trust Assets held in the Liquidating Trust liabilities and obligations which the Liquidating Trustee Trustees specifically assumes assume and agrees agree to pay pursuant to this Agreement of Trust and such transferee liabilities which the Liquidating Trustee Trustees may be obligated to pay as transferees of the Liquidating Trust Assets in the Liquidating TrustEstate, including among the foregoing, and without limiting the generality of the foregoing, accounts payable of the Partnership and 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 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 Assets Estate by the Liquidating Trustees. The Liquidating Trustees may, in their discretion, make reasonable provision by reserve or otherwise out of the Liquidating Trust by Estate, for such amount as the Liquidating TrusteeTrustees in good faith may reasonably determine to be necessary or desirable to meet present or future claims and liabilities of the Liquidating Trust, whether fixed or contingent.

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 B all claims, expenses, charges, liabilities, and obligations of the Liquidating Trust Assets in the Liquidating Trust B and all Liabilities relating to the Liquidating Trust Assets held in the Liquidating Trust B 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 B 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.