Examples of Committee Litigation in a sentence
On the Effective Date, the authorized and issued New Equity Interests in the Reorganized Debtors shall be held in escrow by the Liquidation Trustee pursuant to the Plan, Liquidation Trust Agreement, and Confirmation Order, pending the adjudication or resolution of the Committee Litigation against Brandon Steele.
Upon the adjudication of the Committee Litigation against Brandon Steele by Final Order in favor of the Liquidation Trustee, the New Equity Interests shall be held by the Liquidation Trustee as security for the judgment against Brandon Steele, and the Liquidation Trustee shall have such collection rights and remedies as may be available under applicable law.
For the avoidance of doubt, the Post-Effective Date Equity Distribution shall not occur until, and shall remain subject to, the adjudication by Final Order, or other resolution or compromise, of the pending Committee Litigation against Brandon Steele.
Certain aspects of the 2007 Merger are currently the subject of the Committee Litigation, which is discussed in more detail in Section III.K of this Disclosure Statement.
Similarly, the Committee shall make available to the Liquidation Trustee all documents and records, including those produced by, or received from third parties during the Bankruptcy Cases, pertaining to any Committee Litigation and other investigations of claims or Causes of Action.
No. 399], the Committee has standing to pursue, and has already initiated Committee Litigation related to, some or all of the foregoing Causes of Action on behalf of the Debtors’ creditors.
For the avoidance of doubt, the foregoing authority to initiate, File, prosecute and litigate expressly excludes those certain claims, Causes of Action and Committee Litigation belonging exclusively to the Liquidation Trust for the benefit of the Liquidation Trust Beneficiaries.
Upon: (i) adjudication of the Committee Litigation against Brandon Steele by Final Order in favor of Brandon Steele; or (ii) the settlement or other resolution of such Committee Litigation against Brandon Steele, the Bankruptcy Court, or other court of competent jurisdiction, shall enter an order authorizing the Post-Effective Date Equity Distribution.
Except as provided herein with respect to Committee Litigation against TCB, the Liquidation Trust Assets shall include, among other things, all of the Debtors’ claims against, and interests in, the proceeds of all Avoidance Actions and Committee Litigation, including, but not limited to, the following: DefendantCause of Action Pursuant to 11 U.S.C. §§ 105, 541, 542, 544,547, 548, 550, 551 and TUFTA § 24.001 et seq.
For the avoidance of doubt, only the claims of the Debtors’ Estates to the proceeds of Committee Litigation, Avoidance Actions, and other Chapter 5 Causes of Action are included in the Liquidation Trust Assets as set forth in Section G, below.