Liquidation Trust definition

Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

Liquidation Trust means the trust, of which the Liquidation Trustee shall serve as trustee, formed pursuant to this Plan, the Liquidation Trust Agreement, and the Confirmation Order.

Liquidation Trust means the trust established under Section 5.4 and the Liquidation Trust Agreement.

Examples of Liquidation Trust in a sentence

• Each member of the Liquidation Trust Supervisory Board serving on the Audit Committee thereof shall receive, in respect of service on the Liquidation Trust Supervisory Board and the Audit Committee rendered on or after February 1, 2020, compensation of $10,000 for each calendar month of such service.

• Except for (i) the compensation and expense reimbursement set forth in this Section 3.3 and (ii) indemnification as set forth in Article VII hereof, the members of the Liquidation Trust Supervisory Board shall receive no compensation or other payment for the performance of their duties hereunder.

• All members of the Liquidation Trust Supervisory Board shall also be entitled to reimbursement from the Liquidation Trust Assets of all actual, reasonable and documented out-of-pocket costs and expenses incurred thereby in connection with their service on the Liquidation Trust Supervisory Board.

• Further, each member of the Liquidation Trust Supervisory Board serving on the Cybersecurity Committee thereof shall receive, in respect of service on the Cybersecurity Committee rendered on or after May 1, 2024, additional compensation of $5,000 for each calendar month of such service.

More Definitions of Liquidation Trust

Liquidation Trust means that Liquidation Trust established pursuant to this Plan in which the Liquidation Trust Assets shall vest on the Effective Date.

Liquidation Trust means the trust established pursuant to Article IV.A to, among other things, hold the Liquidation Trust Assets and make distributions pursuant to the Plan.

Liquidation Trust means the trust established pursuant to Section 7.01 of the Plan and in accordance with the Liquidation Trust Agreement.

Liquidation Trust means the trust established under the Plan and the Liquidation Trust Agreement.

Liquidation Trust means the trust established on the Effective Date as described in Article IX of this Plan and in accordance with the Liquidation Trust Agreement.

Liquidation Trust means the trust established pursuant to the Liquidation Trust Agreement.

Liquidation Trust means the trust which is created pursuant to this Plan to be administered by the Liquidation Trustee subject to the direction of the Liquidation Trust Committee, all as more specifically set forth in this Plan.