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

• 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.

• On or as soon as practicable after the Initial Distribution Date or any subsequent distribution date, the SM Liquidating Trust shall pay each holder of an Allowed General Unsecured Claim, in full and final satisfaction of such Allowed General Unsecured Claim, its Pro Rata share of the Liquidating Trust Fund (after the payment in full of all Liquidating Trust Expenses, Allowed Administrative Claims, Allowed Priority Tax Claims, Allowed Secured Claims, and Allowed Priority Non-Tax Claims).

• Subject to payment in full of all Allowed Administrative Claims, and except as otherwise ordered by the Bankruptcy Court, the Liquidating Trust Expenses on or after the Effective Date shall be paid in accordance with the Liquidating Trust Agreement without further order of the Bankruptcy Court.

• Such reserve shall include funds sufficient to pay all Liquidating Trust Expenses and other Post Effective Date Administrative Expense Claims; and the claim amount of any disputed Claims in a class with priority ahead of any class on which the Liquidating Trustee intends make a distribution.

• Except as otherwise ordered by the Bankruptcy Court, the Liquidating Trust Expenses will be paid from the Liquidating Trust Assets other than Encumbered Cash (except that Liquidating Trust Expenses incurred in connection with the collection, monetization or distribution of assets that generate Encumbered Cash shall be paid from Encumbered Cash) and the assets and properties of the Liquidating Debtors in accordance with the Plan and the Liquidating Trust Agreement.

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 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 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, 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 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 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.

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.