Liquidating Trust Advisory Committee definition

Liquidating Trust Advisory Committee means the committee formed in accordance with Article VIII.E hereof and which shall direct the Liquidating Trustee to carry out its powers in accordance with the Plan and Confirmation Order.
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Examples of Liquidating Trust Advisory Committee in a sentence

  • Except as otherwise authorized by the Bankruptcy Court or specifically provided in this Agreement or in the Plan, nothing in this Agreement is intended or shall be construed to confer upon or to give any Person other than the parties hereto, the Liquidating Trust Advisory Committee, and the Trust Beneficiaries any rights or remedies under or by reason of this Agreement.

  • Such removal shall be effective the (10) days after the Liquidating Trust Advisory Committee provides written notice to the Liquidating Trustee and the U.S. Trustee.

  • The Liquidating Trustee may resign by an instrument in writing signed by the Liquidating Trustee and filed with the Bankruptcy Court with notice to the Liquidating Trust Advisory Committee, provided that the Liquidating Trustee shall continue to serve as such after his resignation for thirty (30) days or, if longer, until the time when appointment of his successor shall become effective in accordance with Section 4.3 hereof, or as otherwise agreed with the Liquidating Trust Advisory Committee.

  • The Liquidating Trust Advisory Committee may authorize its own dissolution by filing with the Bankruptcy Court an appropriate notice that its responsibilities under the Plan have concluded.

  • The Liquidating Trust Advisory Committee may remove the Liquidating Trustee with or without cause at any time.

  • The Liquidating Trustee shall maintain accurate records of receipts and disbursements and other activity of the Liquidating Trust, and duly authorized representatives of the Liquidating Trust Advisory Committee shall have reasonable access to the records of the Liquidating Trust.

  • On and after the Effective Date, the Liquidating Trustee, with the consent of the Liquidating Trust Advisory Committee, shall reserve Cash reserves from the Trust Assets to be held in a Liquidating Trust wind-down fund (the “Trust Expenses Reserve”).

  • In the event that the Liquidating Trustee and counsel for the Liquidating Trust Advisory Committee agree that urgent circumstances require a more expedited decision, such decision may be made upon less than seven days notice, and with the mutual agreement of the Liquidating Trustee and counsel to the Liquidating Trust Advisory Committee, without notice, provided that the Liquidating Trustee and the counsel to the Liquidating Trust Advisory Committee are in agreement on the course of action to be pursued.

  • In the event of the death, resignation, termination, incompetence or removal of the Liquidating Trustee, the Liquidating Trust Advisory Committee may appoint a successor Liquidating Trustee without the approval of the Bankruptcy Court, which the parties acknowledge shall nevertheless retain jurisdiction to resolve any disputes in connection with the service of the Liquidating Trustee or his successor.

  • Upon removal of the Liquidating Trustee by the Liquidating Trust Advisory Committee in accordance with this Section 4.2 other than for cause, the Liquidating Trustee shall be entitled to all compensation that has accrued through the effective date of termination but remains unpaid as of such date, which payment shall be made promptly from the Trust Expenses Reserve.

Related to Liquidating Trust Advisory Committee

  • OPSI Advisory Committee means the committee established under Tariff, Attachment M, section III.G.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Advisory Committee means the Employer's Advisory Committee as from time to time constituted.

  • Investment Committee means the committee in charge of investment aspects of the Plan, as described in Article VII.

  • Oversight Committee means the committee established to monitor the overall implementation of this Administrative Agreement as outlined in section 7 (Oversight Committee) of this Administrative Agreement.