Litigation Trust Committee definition

Litigation Trust Committee means the committee to be appointed in accordance with, and to exercise the duties set forth in, the Litigation Trust Agreement as of the Effective Date, which duties shall be in the nature of and/or include advising with respect to the actions of the Litigation Trustee and administration of the Litigation Trust, removing the Litigation Trustee, determining whether an Entity is a permissible defendant and recommending whether Sopris should consent to additional funding for the Litigation Trust. The Litigation Trust Committee shall consist of three (3) members, with one (1) member appointed by the Committee and two (2) members appointed by Sopris.
Sample 1Sample 2Sample 3
Litigation Trust Committee means the three-Person committee comprised of the Creditors Committee Designee and the New Board Designees, which committee shall be charged with the responsibility of administering the Preference Claim Litigation Trust.
Sample 1Sample 2Sample 3
Litigation Trust Committee means the committee created hereunder and appointed pursuant to the terms of the Litigation Trust Agreement.
Sample 1Sample 2

Examples of Litigation Trust Committee in a sentence

  • Membership, duties, responsibilities and powers of the Litigation Trust Committee shall be as set forth in the Litigation Trust Agreement.

  • The Litigation Trust Committee may authorize the Litigation Trust to retain Litigation Trust Recovery Proceeds to fund additional litigation with respect to Litigation Trust Assets.

  • The Litigation Trust shall be governed by the Litigation Trust Committee pursuant to the terms of the Litigation Trust Agreement.

  • The powers, authority, responsibilities and duties of the Litigation Trust, the Litigation Trustee and the Litigation Trust Committee are set forth in and shall be governed by the Litigation Trust Agreement.

  • On the Effective Date, the Reorganized Debtors will deposit with the Litigation Trust an amount in Cash equal to $300,000 to fund the expenses of the Litigation Trust, provided that the Litigation Trust Committee may request from the Reorganized Debtors up to an additional $300,000 to fund such expenses to be paid in Sopris’ sole discretion, which additional amount, if paid, shall be repaid to the Reorganized Debtors from Litigation Trust Recovery Proceeds.

  • The initial Trustee (as defined in the Litigation Trust Agreement) shall be appointed by at least three (3) of the five (5) individuals identified on Annex A and Annex B to the Litigation Trust Agreement as voting members of the Litigation Trust Committee on or as soon as reasonably practicable after the Trust Effective Date (as defined in the Litigation Trust Agreement).

  • In the event of a Litigation Trust Committee member’s resignation or removal, the Litigation Trust Management shall nominate, and the remaining Litigation Trust Committee members, if any, shall approve (in their sole discretion), an additional member of the Litigation Trust Committee holding a Litigation Trust Interest.

  • Any or all members of the Litigation Trust Committee may resign from the Litigation Trust Committee at any time by written notice of resignation to the Litigation Trust Committee.

  • The Litigation Trust may only incur Additional Litigation Funding Loans of up to $15 million with the consent of a majority of the members of the Litigation Trust Committee, or amounts in excess of $15 million with the unanimous consent of the members of the Litigation Trust Committee.

  • If the Litigation Trust Management or Litigation Trust Committee does not receive such written direction or instruction within ten (10) Business Days after the applicable party has given such notice, or such shorter period of time set forth in such notice, the party giving us notice may, but shall be under no duty to, take or refrain from taking such action not inconsistent with this Agreement as such party shall deem advisable.


More Definitions of Litigation Trust Committee

Litigation Trust Committee means the committee consisting of designated representatives formed for the purpose of overseeing and making certain decisions with respect to the Litigation Trust Causes of Action held by the Litigation Trust as more fully set forth in the Litigation Trust Agreement. The Litigation Trust Committee shall comprise of three (3) members, two (2) of whom shall be designated by the Creditors' Committee and one (1) designated by the board of directors of the Reorganized Debtor. The Litigation Trust Committee shall have the duty to, among others, supervise professionals retained for prosecution of
Sample 1Sample 2
Litigation Trust Committee means the committee which, pursuant to the terms of the Litigation Trust Agreement, shall oversee the Litigation Trust and the Litigation Trustee.
Sample 1Sample 2
Litigation Trust Committee means the committee to be appointed in accordance with the Litigation Trust Agreement as of the Effective Date to direct the actions of the Litigation Trustee. The Litigation Trust Committee shall consist of three (3) members, with one (1) member appointed by the Committee and two (2) members appointed by Sopris.
Sample 1
Litigation Trust Committee means the committee to be formed pursuant to the Litigation Trust Agreement to govern and manage the Litigation Trust.
Sample 1
Litigation Trust Committee means the committee to be appointed in
Sample 1

Related to Litigation Trust Committee

  • Litigation Trustee means a Person to be determined by SFC and the Initial Consenting Noteholders prior to the Effective Time, with the consent of the Monitor, to serve as trustee of the Litigation Trust pursuant to and in accordance with the terms thereof.

  • Oversight Committee means the committee established to monitor the overall implementation of this Administrative Agreement as outlined in section 7 (Oversight Committee) of this Administrative Agreement.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • P&T committee means a committee of the hospital composed of physicians, pharmacists, and other health professionals that evaluates the clinical use of drugs within the hospital, develops policies for managing drug use and administration in the hospital, and manages the hospital drug formulary system. “Physician” means a person who is currently licensed in Iowa to practice medicine and surgery, osteopathic medicine and surgery, or osteopathy. A physician who executes a written protocol with an authorized pharmacist shall supervise the pharmacist’s activities involved in the overall management of patients receiving medications or disease management services under the protocol. The physician may

  • Hearing Committee means the committee appointed pursuant to this Plan to hear a request for an evidentiary hearing that has been properly filed and pursued by a practitioner.

  • Managing Committee means the managing committee entrusted with the management of a trade union;

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Retirement Committee means a committee consisting of the Company’s Vice President of Human Resources, the Director of HR Operations and the Compensation & Benefits Manager.

  • Benefits Committee means the Employee Benefits Committee of Textron.

  • Appeal Committee means the appeal committee established by the Council in terms of section 12(3)(a);

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • CSR Committee means the Corporate Social Responsibility Committee of the Board referred to in section 135 of the Act.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Appeals Committee means a Committee or Tribunal duly appointed by by-law to conduct hearings under this By-law;

  • Enforcement Committee means a committee consisting of representatives of the Settling States and of the Participating Subdivisions. Exhibit B contains the organizational bylaws of the Enforcement Committee. Notice pursuant to subsection XVI.P shall be provided when there are changes in membership or contact information.

  • Investment Committee means the committee in charge of investment aspects of the Plan, as described in Article VII.

  • Advisory Committee means the Employer's Advisory Committee as from time to time constituted.

  • Investigation Committee means the Investigation Committee appointed by the Board under Regulation 5 of these Regulations;

  • Plan Committee means a committee of two or more directors appointed by the Board to administer the Plan.

  • Management Committee means in the case of a Competition which is an unincorporated association, the management committee elected to manage the running of the Competition and where the Competition is incorporated it means the Board of Directors appointed in accordance with the articles of association of that company.

  • OPSI Advisory Committee means the committee established under Tariff, Attachment M, section III.G.

  • 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.

  • Banning Committee means a Committee constituted for the purpose of these guidelines by the competent authority. The members of this Committee shall not, at any stage, be connected with the tendering process under reference.

  • Transition Committee shall have the meaning set forth in Section 2.14.

  • Voting Trust Agreement means the Voting Trust Agreement entered into ---------------------- as of April 15, 1996 by and among Xxxxxx X. Xxxx; Xxxxx X. Xxxx, Xx.; Xxxxx X. Xxxx, Xx.; and F. Xxxxxx Xxxxxxx as the Voting Trustees and the stockholders of LSAI Holding Corp. who are parties thereto.