Examples of Beneficiary Committee in a sentence
The Liquidating Trustee shall reserve from the property of the Liquidating Trust and maintain in the Claim Reserve Account, after consultation with the Beneficiary Committee, sufficient Cash to pay all Claims, including Disputed Claims, Claims arising from the rejection of executory contracts and unexpired leases, Late Filed Unsecured Claims and Administrative Expense Claims, including interest at the Legal Rate as required under the Plan.
The Liquidating Trustee from time to time shall adjust the amount in the Claim Reserve Account and Plan Fund, upon notice to the Beneficiary Committee, to maintain an adequate reserve for such expenses.
Notice of such a hearing shall be served on the Beneficiary Committee, the Office of the United States Trustee, and any party requesting notice following the Effective Date.
Upon the Effective Date, the Committee shall be dissolved and a Beneficiary Committee shall be appointed by operation of the Plan.
The Liquidating Trustee shall reserve from the property of the Liquidating Trust and maintain in the Plan Fund, after consultation with the Beneficiary Committee, sufficient Cash to pay the reasonably anticipated expenses of the Liquidating Trust, in accordance with the Liquidating Trust Agreement, the implementation of the provisions of this Plan, and the entry of the final decree and order closing the Case.
At its Second Session, the Governing Body established an Ad Hoc Third Party Beneficiary Committee to prepare draft Third Party Beneficiary Procedures for its consideration.
The members of the Beneficiary Committee shall consist of: Xxxxxx Xxxx, Xxxxxxxx Xxxxxxxx and Xxxx Xxxxxxxxxx.
To the extent that the parties cannot resolve any dispute regarding such employment, the Liquidating Trustee may move the Court to approve the engagement on 15 days’ notice to the Beneficiary Committee, the Office of the United States Trustee and any party requesting notice after the Effective Date.
The Liquidating Trustee, from time to time, shall adjust the amount in the Claim Reserve Account and Plan Fund, upon notice to the Beneficiary Committee and the United States Trustee, to maintain an adequate reserve for such expenses.
Notwithstanding anything to the contrary contained herein, the Plan Trustee shall be compensated for its services hereunder on the terms and conditions set forth in the separate written engagement agreement between the Plan Trust and the Plan Trustee effective as of today, and as approved by the Plan Trust Beneficiary Committee.