Examples of Litigation Trust Board in a sentence
The SCC Litigation Trustee shall report to the SCC Litigation Trust Board.
If no holder of SCC Litigation Trust Interests in a particular class is eligible to select a member of the SCC Litigation Trust Board, the board shall proceed without a member selected by that class.
If the SCC Litigation Trustee determines, with the advice of counsel and after consultation with the SCC Litigation Trust Board, that the SCC Litigation Trust is required to comply with registration and reporting requirements of the Exchange Act, then the SCC Litigation Trustee shall take any and all actions deemed necessary or appropriate by the SCC Litigation Trustee to comply with such registration and reporting requirements, if any, and to file periodic reports with the SEC.
All decisions of the SCC Litigation Trustee and the SCC Litigation Trust Board with respect to the pursuit or settlement of the SCC Litigation Trust Claims shall be taken in good faith.
Successors to the members of the Litigation Trust Board shall be selected by Reorganized ASARCO.
The Litigation Trustee shall report to and consult with the Litigation Trust Board, which shall consist of three members selected by the Parent.
The SCC Litigation Trustee shall have full authority (subject, in certain instances, to approval by the SCC Litigation Trust Board) to take any steps necessary to administer the SCC Litigation Trust Claims, including, without limitation, the duty and obligation to liquidate the SCC Litigation Trust Claims.
The Litigation Trustee or any member of the Litigation Trust Board may participate in a regular or special meeting by, or conduct the meeting through the use of, conference telephone, or similar communications equipment by means of which all persons participating in the meeting may hear each other, in which case any required notice of such meeting may generally describe the arrangements (rather than or in addition to the place) for the holding thereof.
Any member of the Litigation Trust Board may participate in a regular or special meeting of the Litigation Trust Board by, or conduct the meeting through the use of, conference telephone, or similar communications equipment by means of which all persons participating in the meeting may hear each other, in which case any required notice of such meeting may generally describe the arrangements (rather than or in addition to the place) for the holding thereof.
Any member of the Litigation Trust Board participating in a meeting by this means is deemed to be present in person at the meeting.