Common use of Title to the Litigation Trust Assets Clause in Contracts

Title to the Litigation Trust Assets. The transfer of the Litigation Trust Assets to the Litigation Trust pursuant to Section 2.2 hereof is being made by the Debtors for the sole benefit, and on behalf of, the Beneficiaries. Upon the transfer of the initial Litigation Trust Assets to the Litigation Trust, the Litigation Trust shall succeed to all of the Debtors’ and Beneficiaries’ rights, title and interests in the Litigation Trust Assets and no other entity shall have any interest, legal, beneficial, or otherwise, in the Litigation Trust or the Litigation Trust Assets upon their assignment and transfer to the Litigation Trust (other than as provided herein or in the Plan).

Appears in 1 contract

Samples: Litigation Trust Agreement

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Title to the Litigation Trust Assets. The transfer of the Litigation Trust Assets to the Litigation Trust pursuant to Section 2.2 hereof is being made by the Debtors for the sole benefit, and on behalf of, the BeneficiariesBeneficiary. Upon the transfer of the initial Litigation Trust Assets to the Litigation Trust, the Litigation Trust shall succeed to all of the Debtors’, the Estate’s and Beneficiaries’ the Beneficiary’s rights, title and interests interest in the Litigation Trust Assets and no other entity shall have any interest, legal, beneficial, or otherwise, in the Litigation Trust or the Litigation Trust Assets upon their assignment and transfer to the Litigation Trust (other than as provided herein or in the Plan).

Appears in 1 contract

Samples: Litigation Trust Agreement

Title to the Litigation Trust Assets. The transfer of the Litigation Trust Assets to the Litigation Trust pursuant to the Plan and Section 2.2 hereof is being made by the Debtors for the sole benefit, and on behalf of, the Beneficiaries. Upon the transfer of the initial Litigation Trust Assets to the Litigation Trust, the Litigation Trust shall succeed to all of the Debtors’ and Beneficiaries’ rights, title titles and interests in the Litigation Trust Assets and no other entity shall have any interest, legal, beneficial, or otherwise, in the Litigation Trust or the Litigation Trust Assets upon their assignment and transfer to the Litigation Trust (other than as provided herein or in the Plan).

Appears in 1 contract

Samples: Litigation Trust Agreement

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Title to the Litigation Trust Assets. The transfer of the Litigation Trust Assets to the Litigation Trust pursuant to Section 2.2 hereof is being made by the Debtors for the sole benefit, and on behalf ofbehalf, of the Litigation Trust Beneficiaries. Upon the transfer of the initial Litigation Trust Assets to the Litigation Trust, the Litigation Trust shall succeed to all of the DebtorsCompany Parties’, the Estates’ and the Litigation Trust Beneficiaries’ rights, title and interests interest in the Litigation Trust Assets Assets, and no other entity Person shall have any interest, legal, beneficial, beneficial or otherwise, in the Litigation Trust or the Litigation Trust Assets upon their the assignment and transfer of such assets to the Litigation Trust (other than as provided herein or in the Plan)Trust.

Appears in 1 contract

Samples: Litigation Trust Agreement

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