Examples of Asbestos Trust Agreement in a sentence
Unsecured Asbestos Personal Injury Claims and Demands, whether or not a Proof of Claim is filed, shall be satisfied exclusively in accordance with this Plan, the Asbestos Trust Agreement, and the Asbestos TDP.
The beneficial interests in the Asbestos Trust shall not be certificated and are not transferable (except as otherwise provided in the Asbestos Trust Agreement).
Participants were charged relatively high fees for the guarantees with the intention of encouraging withdrawal from the program as soon as market conditions returned to normal.
The duties, responsibilities, rights, and obligations of the Asbestos Trustees and the Delaware Trustee for the Asbestos Trust shall terminate in accordance with the terms of the Asbestos Trust Agreement.
On the Effective Date or such earlier date as the Debtors deem appropriate, the Asbestos Trust shall be created as provided in the Asbestos Trust Agreement.
On the Effective Date, or as soon thereafter as is reasonably practicable, all Asbestos Personal Injury Claims shall be channeled to the Asbestos Trust and all Asbestos Personal Injury Claims shall be satisfied in accordance with the terms of the Asbestos Trust, the Asbestos Trust Distribution Procedures, and the Asbestos Trust Agreement.
Demands shall be included in the treatment accorded Class 4 Unsecured Asbestos Personal Injury Claims, as set forth in Articles 4.1 and 4.2(d) of this Plan, and shall be determined, processed, liquidated, and paid pursuant to the terms and conditions of the Asbestos TDP and the Asbestos Trust Agreement.
The Asbestos Trust Agreement, substantially in the form of Exhibit 6 to this Plan, contains provisions customary to documents utilized in comparable circumstances.
Class 4 Claims and Demands shall be processed, liquidated, and paid pursuant to the terms and provisions of the Asbestos TDP and the Asbestos Trust Agreement.
ASARCO, Covington, the Asbestos Subsidiary Debtors, the Asbestos Subsidiary Committee, the Asbestos Claimants’ Committee, the Asbestos Trustees, the Delaware Trustee, the members of the Asbestos TAC, and the FCR shall execute the Asbestos Trust Agreement.