Examples of Litigation Trust Advisory Board in a sentence
The Creditor Trustee and the members of the Creditor Trust Advisory Board will be distinct individuals and will be appointed by the Creditors’ Committee in its sole discretion and service as the Litigation Trustee or as a member of the Litigation Trust Advisory Board shall not prohibit such person or persons from serving as the Creditor Trustee or as a member of the Creditor Trust Advisory Board.
The Litigation Trustee or any successor Litigation Trustee appointed pursuant to the Plan may be removed as Litigation Trustee (i) without cause by the Litigation Trust Advisory Board, or (ii) for cause pursuant to the terms and conditions set forth in the Litigation Trust Agreement upon order of the Bankruptcy Court upon motion of any holder of a Litigation Trust Interest that has not received payment in full plus interest as specified in this Plan.
Accordingly, through this Motion, the Litigation Trustee seeks an order approving the Settlement and the Final Report, discharging and exculpating the Litigation Trustee and the Litigation Trust Advisory Board and its Member, and terminating the Litigation Trust upon certification by the Litigation Trustee that the Litigation Trust has been wound up and its assets distributed.
Notwithstanding anything to the contrary herein or in the Confirmation Order, certain acts of or by the Litigation Trust or the Litigation Trustee are and shall remain subject to the consent of the Litigation Trust Advisory Board pursuant to the terms of the Litigation Trust Agreement.
The Creditor Trustee and the members of the Creditor Trust Advisory Board will be distinct individuals and will be appointed by the Creditors’ Committee in its sole discretion and service as the Litigation Trustee or as a member of the Litigation Trust Advisory Board will not prohibit such person or persons from serving as the Creditor Trustee or as a member of the Creditor Trust Advisory Board.
MBIA shall, subject to regulatory approval as applicable and for the period of time that it is a holder of New Senior Subordinated Notes, have the power to designate (A) one member of the board of managers or board of directors, as the case may be, of each New TAC, TARCO and InsCorp, and (B) one member of the Litigation Trust Advisory Board.
The members of the Litigation Trust Advisory Board shall be compensated as set forth in the Litigation Trust Agreement.
Each member of the Litigation Trust Advisory Board, including any designee, will be identified in the Plan Supplement.
The Litigation Trust Advisory Board shall have the functions, duties and rights provided in the Litigation Trust Agreement.
The Litigation Trustee and the members of the Litigation Trust Advisory Board will be distinct individuals and will be appointed by the Creditors’ Committee in its sole discretion and service as the Litigation Trustee or as a member of the Litigation Trust Advisory Board shall not prohibit such person or persons from serving as the Creditor Trustee or as a member of the Creditor Trust Advisory Board.