Examples of D&O Claims in a sentence
Subject to such Bankruptcy Court approval as may be required by the GSA or the Plan, tThe Liquidating Trustees shall have the absolute right to pursue, settle and compromise or not pursue any and all D&O Claims and/or Chapter 5 Causes of Action as they may, in their sole judgment, determine to be in the best interests of the Beneficiaries.
Upon the Transfer of the D&O Claims and the Chapter 5 Causes of Action, and subject to the terms of the Plan, the Liquidating Trustees shall succeed to all of the Parties’ right, title and interest in and to the D&O Claims, the Chapter 5 Causes of 2 For convenience sake, and subject to the Trustees’ approval the Estate has agreed to have its accountants complete and file the Estate tax returns for all periods through , 2013.
The Liquidating Trustees, subject to the exercise of their reasonable business judgment, and on behalf of the Trust, shall, in an expeditious and orderly manner, liquidate and convert the D&O Claims and the Chapter 5 Causes of Actions to Cash, and make timely disbursements under this Agreement, in accordance with and the GSA and the Plan.
The GUC Trustee shall not pursue, commence or settle any cause of action, including but not limited to the D&O Claims not otherwise released pursuant to the Settlement without the prior consent of the GUC Trust Oversight Committee.
The Estate Cash and Aall of the rights to and proceeds of the prosecution, compromise and settlement of D&O Claims and Chapter 5 Causes of Action and any other Net Estate Revenues shall comprisebe added to the assets of the Trust (the “Trust AssetsProceeds”) and held as a part thereof, (and which title to which shall be vested in the Liquidating Trustees).