Examples of Creditors Trust Agreement in a sentence
Its arguments are the result of a reflection on observed practices and interpretations and analyses of similar practices in philosophical and social scientific literatures.
The Creditors Trustee shall not have any liability to any Creditors Trust Beneficiary or to any Holder of a Claim for the consequences of his or her acts and omissions in the performance of duties under the Plan and Creditors Trust Agreement, except to the extent such consequences are caused by the Creditors Trustee’s intentional and willful misconduct, fraud or gross negligence.
A form of the proposed Creditors Trust Agreement and identity of the Creditors Trustee will be provided with the Plan Supplement and shall be subject to execution by the proposed Creditors Trustee, and further amendment and modification as necessary.
The Confirmation Order shall specifically include and constitute approval of the Creditors Trust Agreement and authorization of the Reorganized Debtors to execute the Creditors Trust Agreement.
In the event the Creditors Trustee dies, is terminated, or resigns for any reason, a successor Creditors Trustee shall be appointed in accordance with the terms of the Creditors Trust Agreement.