Valuation of the Non-Released Party Trust Assets Sample Clauses

Valuation of the Non-Released Party Trust Assets. As soon as reasonably practicable following the establishment of the Non-Released Party Trust, the Non-Released Party Trustee, acting at the direction of and in consultation with the Non-Released Party Trust Advisory Board, shall determine the value of the assets transferred to the Non-Released Party Trust, based on the good-faith determination of the Non-Released Party Trustee, and the Non-Released Party Trustee shall apprise, in writing, the Non-Released Party Trust Beneficiaries of such valuation. The valuation shall be used consistently by all parties (including the Debtors, the Reorganized Debtors, the Non-Released Party Trustee, and the Non-Released Party Trust Beneficiaries) for all federal income tax purposes. In connection with the preparation of the valuation contemplated hereby and by the Plan, the Non-Released Party Trust shall be entitled to retain such professionals and advisors as the Non-Released Party Trustee shall determine to be appropriate or necessary, and the Non-Released Party Trustee, subject to the direction of the Non-Released Party Trust Advisory Board, shall take such other actions in connection therewith as it determines to be appropriate or necessary. The Non-Released Party Trust shall bear all of the reasonable costs and expenses incurred in connection with determining such value, including the fees and expenses of any professionals retained in connection therewith.
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