Liquidation Trustee definition

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 Trustee means the person or firm to be appointed by the Committee and the Requisite Lenders, and who is reasonably acceptable to the Plan Debtors, to manage the Liquidation Trust pursuant to Article XI.D of the Plan and the Liquidation Trust Agreement.
Liquidation Trustee means the person or firm to be appointed to manage the Liquidation Trust pursuant to Section 9.4 of the Plan and the Liquidation Trust Agreement.

Examples of Liquidation Trustee in a sentence

  • No successor Liquidation Trustee shall in any event have any liability or responsibility for the acts or omissions of any of his or her predecessors.

  • The Liquidation Trust shall be governed by the Liquidation Trust Agreement and administered by the Liquidation Trustee.

  • The powers, rights, and responsibilities of the Liquidation Trustee shall be specified in the Liquidation Trust Agreement.

  • In so doing, the Liquidation Trustee shall exercise its reasonable business judgment to maximize recoveries.

  • The Liquidation Trustee will administer the Liquidation Trust in accordance with the Liquidation Trust Agreement.


More Definitions of Liquidation Trustee

Liquidation Trustee means the Person designated by the Committee, after consultation with BP, in the Plan Supplement and approved by the Bankruptcy Court pursuant to the Confirmation Order to serve as the liquidation trustee.
Liquidation Trustee means the person vested with the authority under the Liquidation Trust to administer the Liquidation Trust, as further described in Section 6.3(b) of this Plan.
Liquidation Trustee means the Person and any successor thereto, which shall be appointed as the trustee of the Liquidation Trust (or any successor trust) in accordance with the Confirmation Order and Plan.
Liquidation Trustee means E. Lynn Schoenmann, solely in her capacity as Liquidation Trustee of the Liquidation Trust pursuant to the terms and conditions of this Combined Disclosure Statement and Plan and the Liquidation Trust Agreement.
Liquidation Trustee means that Person selected by the Committee to serve as the trustee of the Liquidation Trust or any of his, hers, or its successors.
Liquidation Trustee means the trustee of the Liquidation Trust as contemplated by the Trust Agreement.
Liquidation Trustee means the person or entity who shall become trustee of the