Purpose of this Agreement and Creditor Distribution Trust Functions Sample Clauses

Purpose of this Agreement and Creditor Distribution Trust Functions. The Parties hereby enter into this Agreement for the purposes of establishing the Creditor Distribution Trust contemplated by the Settlement Agreement and Settlement Order and authorizing the Creditor Trustee to, among other things, implement and carry out the Creditor Distribution Trust functions as follows: (a) adopt, execute, deliver or file all plans, agreements, certificates and other documents and instruments necessary or appropriate to implement the provisions of the Settlement Agreement, Settlement Order, and this Agreement; (b) perform the duties, exercise the powers, and assert the rights of a trustee or estate representative under applicable law with respect to the Creditor Distribution Trust, including for purposes of reconciling, objecting to and settling the Trust Claims; (c) to accept, preserve, manage, invest, and supervise the Creditor Distribution Trust Fund pending distributions; (d) calculate and make distributions to holders of Allowed Trust Claims; (e) pay all expenses and make all other payments relating to the Creditor Distribution Trust; (f) exercise rights and fulfill obligations under this Agreement, the Settlement Agreement, and the Settlement Order; (g) review, reconcile, settle or object to Trust Claims and resolve such objections; (h) retain third party disbursing agents and professionals and other entities; (i) file appropriate tax returns and other reports on behalf of the Creditor Distribution Trust and pay taxes or other obligations owed by the Creditor Distribution Trust on account of its status as a trust (and not on account of any taxes owed by the Debtors or the Reorganized Debtors); (j) dissolve the Creditor Distribution Trust;
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