Common use of Purpose of Trust Clause in Contracts

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up the Company’s affairs and the liquidation of the Retained Assets with no objective to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of the Trust Assets.

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up the Company’s 's affairs and the liquidation of the Retained Assets with no objective to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of the Trust Assets.

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up the Company’s affairs and affairs, including but not limited to payment of the Liabilities, liquidation of any non-cash Retained Assets, dissolution of the Retained Company, and distribution of the Trust Assets to the Beneficiaries with no objective to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of the Trust Assets.

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up the Company’s Fund's affairs and the liquidation of the Retained Assets with no objective to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of the Trust Assets.

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up liquidating and distributing the Company’s affairs assets held by the Trust in accordance with the Separation Agreement, the Distribution Agent Agreement and the liquidation of the Retained Assets this Agreement with no objective to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of the Trust Assets.

Purpose of Trust. (a) The Trust is organized for the sole purpose of facilitating the winding up of the Company’s affairs and the liquidation or distribution of the Retained Assets with no objective to continue Transferred Assets, and will not enter into or engage in the conduct of a any trade or business, business except as necessary for the orderly liquidation of the Trust Assets.

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up the Company’s 's affairs and the liquidation of the Retained Transferred Assets with no objective to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of the Trust Assets.

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up liquidating and distributing the Company’s affairs proceeds of Trust Assets and in connection therewith to own, administer and realize the liquidation value of the Retained Trust Assets for the ultimate purpose of liquidating the Trust Assets and distributing the net proceeds of the Trust Assets, with no objective to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of, and preservation or realization of the value of, the Trust Assets.

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up the Company’s Xxxxxx'x affairs and the liquidation of the Retained Assets with no objective to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of the Trust Assets.

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up the Company’s 's affairs and the liquidation of the Retained Assets with no objective to continue or engage in the conduct of a trade or business or cause any Subsidiary to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of the Trust Assets.

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up the Company’s 's affairs and the liquidation of the Retained Assets with no objective to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of the Trust AssetsAssets and to effect the transactions contemplated by the Purchase Agreement.

Purpose of Trust. (a) The Trust is organized for the sole purpose of winding up liquidating the Company’s affairs Trust Assets, issuing the Notes and paying the liquidation Notes with the proceeds of the Retained Trust Assets each in accordance with the terms hereof with no objective to continue or engage in the conduct of a any trade or business, except as necessary for the orderly liquidation of the Trust Assets.

Purpose of Trust. (a) The Trust was formed and is organized hereby continued for the sole purpose of winding up the Company’s 's affairs and the liquidation of the Retained Assets with no objective to continue or engage in the conduct of a trade or business or cause any Subsidiary to continue or engage in the conduct of a trade or business, except as necessary for the orderly liquidation of the Trust Assets.