Examples of Extraordinary Trustee in a sentence
Upon an Event of Default under Section 8.01(a) as a result of a failure by Fannie Mae to make payment under the MBS, but only upon such an Event of Default, the Trustee shall have a lien upon the Trust Estate for Extraordinary Trustee Fees and Expenses incurred by it.
The Borrower is required under the Loan Agreement to pay to the Trustee its Ordinary Trustee Fees and Expenses and any Extraordinary Trustee Fees and Expenses.
The Extraordinary Trustee hired the following advisors that are currently engaged in the Extraordinary Administration: 31 The Agrokor restructuring process is run according to best global practice for processes of this type, with highly reputable international advisory firms with exceptional experience engaged by the Group.
The draft settlement plan was presented by the advisors of the Extraordinary Administration and the Extraordinary Trustee Ante Ramljak.The Extraordinary Administration is using all available legal activities in order to protect the Group’s property and its companies in Croatia and abroad.
A chart of the Steering Group and new operational management structure can be found in the annex to this report.The Steering Group is headed by the Extraordinary Trustee, who is advised by international and domestic advisors led by AlixPartners and Kirkland & Ellis.
The Extraordinary Trustee, Mr Ante Ramljak took over the management of Agrokord.d. and control over its subsidiaries included under extraordinary administration on 10 April 2017.Pursuant to the Law on Extraordinary Administration, during Monday, 10 April, the bank accounts of all fifteen Agrokor companies previously blocked were unblocked.
The Steering Group is tasked with supporting the Extraordinary Trustee in day-to-day management of Agrokor, and its structure is built around key groups – retail, food and agriculture with a dedicated team focused on Agrokor Portfolio Holdings, and financial and strategy dealings.
Since being engaged by the extraordinary administration have continuously together with the Extraordinary Trustee engaged in talks with several financial institutions about the provision of facilities to support Agrokor’s operations.
The previous CEO of Konzum, Teo Vujčić, became an advisor to the Extraordinary Trustee with oversight in respect of all retail businesses and will oversee this crucial segment for the company and be responsible for efficiency in retail, together with a team from AlixPartners led by Bernd Brunke and Tim Robinson.
To the extent a co-trustee is required to be retained, fees and expenses of such co-trustee will be deemed to be Extraordinary Trustee Expenses; provided that to the extent any co-trustee performs the duties of the Servicing Advisor or the Servicer, such fees and expenses will be deducted from the Servicing Advisor Fee or the Servicer Fee, as appropriate.