Liquidation Trust Claims definition

Liquidation Trust Claims means those Causes of Action identified in the Liquidation Trust Agreement, which will include certain Causes of Action arising under chapter 5 of the Bankruptcy Code that are not released under the KPN Settlement Agreement, the Plan or other Bankruptcy Court-approved settlements. For the avoidance of doubt, the Liquidation Trust Claims shall not include the Released KPN Claims.
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Liquidation Trust Claims means (a) any Claims and Causes of Action held by the Debtors and their respective Estates against any of the Non-Released Parties, including any D&O Claim, (b) any Avoidance Action held by the Debtors and their Estates to the extent not released under the Plan, which shall include, for the avoidance of doubt, the Rejected Executory Contract Avoidance Actions and all Avoidance Actions against the Non-Released Commercial Parties, and (c) any proceeds derived from any Insurance Coverage Action. The Liquidation Trust Claims shall exclude any Retained Causes of Action or Claims or Causes of Action against (w) any of the Released Parties;(x) BARDA; (y) the Reorganized Debtors’ go-forward customers (including Moderna); and (z) the Reorganized Debtors’ go-forward trade partners.
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Liquidation Trust Claims means those certain Litigation Claims that are transferred to the Liquidation Trust pursuant to the Plan, as listed in Exhibit 14-B to the Plan.
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Examples of Liquidation Trust Claims in a sentence

  • Both Reorganized ASARCO and the Liquidation Trustee have the right to prosecute objections to any Proof of Claim filed by a defendant in any of the Liquidation Trust Claims, including, without limitation, any objections to Claims under sections 502 and 510 of the Bankruptcy Code.

  • The Liquidation Trust may prosecute, compromise and settle, abandon, release, or dismiss the Liquidation Trust Claims, without need for approval by the Bankruptcy Court.

  • The Liquidation Trust shall be established as a statutory trust for the purpose of holding the assets of the Liquidation Trust and disposing of the same in accordance with this Plan and the Liquidation Trust Agreement and liquidating all assets of the Liquidation Trust for the benefit of the Liquidation Trust Beneficiaries (including through the pursuit of the Liquidation Trust Claims).

  • On and after the Effective Date, the Liquidation Trustee shall be a representative of the Estates under section 1123(b)(3) of the Bankruptcy Code with respect to the assets transferred to the Liquidation Trust, including the Liquidation Trust Claims and the Debtors’ Privileges associated therewith.

  • The Liquidation Trust Claims will be transferred to the Liquidation Trust as of the Effective Date.

  • Liquidation Trust Claims may only be prosecuted or settled by the Liquidation Trust.

  • On the Effective Date, the Debtors shall transfer and shall be deemed to have transferred to the Liquidation Trust, for and on behalf of the beneficiaries of the Liquidation Trust, the Liquidation Trust Assets including the Liquidation Trust Claims.

  • The Liquidation Trustee shall have full authority (subject, in certain instances, to approval of the Liquidation Trust Board) to take any steps necessary to administer the Liquidation Trust Claims, including, without limitation, the duty and obligation to liquidate the Liquidation Trust Claims.

  • The Liquidation Trust Administrator shall have full authority to take any steps necessary to administer the Liquidation Trust Agreement, including, without limitation, the duty and obligation to liquidate Liquidation Trust Assets, to make distributions to the holders of Claims entitled to distributions from the Liquidation Trust and, if authorized by majority vote of those members of the Liquidation Trust Advisory Board authorized to vote, to pursue and settle Liquidation Trust Claims.

  • On the Effective Date, (1) the Liquidation Trust shall be created and the Liquidation Trust Expense Fund shall be established; (2) the Debtors’ respective rights, title, and interests in the Liquidation Trust Claims and the Debtors’ Privileges associated therewith shall be transferred to the Liquidation Trust; and (3) ASARCO, Reorganized ASARCO, or the Plan Administrator, as the case may be, shall deposit Cash in the amount of $10 million in the Liquidation Trust Reserve.


More Definitions of Liquidation Trust Claims

Liquidation Trust Claims means any expenses incurred by the Liquidation Trust, including the professional fees and expenses incurred by any Entity retained by the Liquidation Trustee.
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Related to Liquidation Trust Claims

  • 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 Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.