Liquidating Trust Expenses definition

Liquidating Trust Expenses means all actual and necessary costs and expenses incurred by the Liquidating Trust in connection with carrying out the obligations of the Liquidating Trust pursuant to the terms of this Plan and the Liquidating Trust Agreement.

Liquidating Trust Expenses means all reasonable fees, costs, and expenses of and incurred by the Liquidating Trust, including legal and other professional fees, costs, and expenses, administrative fees and expenses, insurance fees, taxes, and escrow expenses, including reasonable fees and expenses of the Liquidating Trustee, which shall be paid in accordance with the Liquidating Trust Agreement; provided, however, that the Liquidating Trust shall be solely responsible to pay the Liquidating Trust Expenses and no other Person shall have any duty, liability or obligation with respect thereto.

Liquidating Trust Expenses means any and all reasonable fees, costs and expenses incurred by the Liquidating Trust or the Liquidating Trustee (or any agent, Person, entity, or professional engaged by the Liquidating Trust or the Liquidating Trustee) in connection with any of their duties under the Joint Plan and the Liquidating Trust Agreement, including any reasonable administrative fees, attorneys’ fees and expenses, insurance fees, Taxes, and escrow expenses.

Examples of Liquidating Trust Expenses in a sentence

• The Liquidating Trust Agreement generally will provide for, among other things: (i) the transfer of the Liquidating Trust Assets to the Liquidating Trust; (ii) the payment of certain reasonable expenses of the Liquidating Trust from Liquidating Trust Assets; and (iii) distributions to holders of Liquidating Trust Interests from the proceeds of Liquidating Trust Assets, net of Liquidating Trust Expenses, as provided herein and in the Liquidating Trust Agreement.

• On the Effective Date, and after making all Distributions required to be made on the Effective Date under the Plan, the Liquidating Trustee shall establish and maintain a separate reserve (each, a “Reserve”) for the estimated amount of the Liquidating Trust Expenses, as well as each Class of Claims and Unclassified Claims, which Reserve shall be administered by the Liquidating Trustee.

• All Liquidating Trust Expenses shall be funded fromthe Fund B Assets within the Fund B – Covered Claims Fund other than as specifically provided in the Byline- Covered Claim Settlement.

• Neither the Debtors nor the Reorganized Debtors (and Newco) nor any other Person (including the Supporting Noteholder and its Affiliates) are obligated in any event to pay the Liquidating Trust Expenses.

• All funds or other property that vest or revest in the Liquidating Trust pursuant to this paragraph shall be (a) used to pay and create an adequate reserve for future Liquidating Trust Expenses, and (b) thereafter distributed on a Pro Rata basis to holders of Allowed Claims in accordance with the terms of this Plan.

More Definitions of Liquidating Trust Expenses

Liquidating Trust Expenses means the fees and expenses of the Midway Liquidating Trust, the Liquidating Trustee and the Liquidating Trust Committee, including, without limitation, professional fees and expenses.

Liquidating Trust Expenses means the all reasonable and necessary fees, costs and expenses of the Liquidating Trusts, as determined in the reasonable discretion of the Liquidating Trustee in his or her business judgment, including but not limited to retained professionals of the Liquidating Trust and the Reorganized Debtor.

Liquidating Trust Expenses means the reasonable fees, costs and expenses of the Liquidating Trusts’ retained professionals, as determined in the reasonable discretion of the Liquidating Trustee. For the avoidance of doubt, U.S. Trustee Fees shall be considered a Trust Expense.

Liquidating Trust Expenses means all actual and necessary costs and expenses to be incurred after the Effective Date in connection with the administration of the Plan at the direction of the Liquidating Trustee, including the reasonable fees and expenses of the Liquidating Trustee and any professionals retained by the Liquidating Trustee and the reasonable fees and expenses associated with administering, holding, selling, transferring and liquidating the Liquidating Trust Assets, as well as the reasonable fees and expenses associated with administering the Plan and the Wind Down.

Liquidating Trust Expenses means, with respect to the Liquidating Trust, without limitation: (a) professional fees and costs incurred by the Liquidating Trust in connection with Claims administration, reconciliation, or disputes of any asserted Liquidating Trust Claims; (b) all reasonable compensation of the Liquidating Trustee in the performance of its duties under the Liquidating Trust Agreement and this Plan, including compensation, fees and costs of professionals, consultants, agents and employees retained or to be retained by the Liquidating Trustee for services rendered to the Liquidating Trustee in connection with the Liquidating Trust Assets, and the reasonable expenses of members of the Oversight Committee; and (c) all reasonable expenses relating to liquidating the Liquidating Trust Assets.

Liquidating Trust Expenses means the reasonable and necessary expenses of administering the Liquidating Trust, including, without limitation, the fees and expenses of the Liquidating Trustee and his counsel, all as provided for in the Plan and Liquidating Trust Agreement.

Liquidating Trust Expenses means the fees and expenses of the Liquidating Trustee and the Liquidating Trust Advisory Board, including, without limitation, professional fees and expenses incurred by professionals retained by the Liquidating Trust Advisory Board and/or the Liquidating Trustee, and other expenses payable by the SM Liquidating Trust under the Plan and the Liquidating Trust Agreement.