Examples of Creditor Trust in a sentence
Nothing contained in this Cooperation Agreement shall create or be deemed to create an employment, agency, fiduciary, joint venture or partnership relationship between any of the Reorganized Debtors, Litigation Trust or the Creditor Trust, on the one hand, or any of such other parties’ employees, on the other hand.
The Reorganized Debtors, Litigation Trust and Creditor Trust shall each be deemed to be an independent contractor of the other and employees of any such party shall at all times be regarded only as employees of such party.
Candidates for the positions of Financial Institution shall fully disclose to the Trustees any interest in or relationship with the Debtors, their affiliated persons, Covidien, any Opioid Creditor Trust (other than NOAT II or TAFT II), or any Released Parties.
The Reorganized Debtors, the Litigation Trust and the Creditor Trust agree that no failure or delay by either party in exercising any right, power or privilege hereunder will operate as a waiver thereof, and that no single or partial exercise thereof will preclude any other or further exercise thereof or the exercise of any right, power and privilege hereunder.
The transfer of the Creditor Trust Assets to the Creditor Trust is being made by the Beneficiaries and Other Distributees for the sole benefit of the Beneficiaries and Other Distributees.