Examples of MCI Subsidiaries in a sentence
At any time following the Effective Date, if the Trust becomes aware that any asset primarily related to the Acetyls Business, the F&F Business or any of the assets or businesses of the Reorganized Debtors is held by MCI or the MCI Subsidiaries, including any real property, the Trust will execute such documents as are reasonably requested by Lyondell in order to transfer such assets to Lyondell or its Affiliates.
The Trust has undertaken such due diligence (including a review of the properties, liabilities, books, records and contracts of MCI and the MCI Subsidiaries) as it deems adequate.
The Trust shall be established for the sole purpose of holding, liquidating and distributing the Millennium Trust Assets and resolving the Claims against MCI and, indirectly, Claims against the MCI Subsidiaries, with no objective to continue or engage in the conduct of a trade or business (except for activities necessary to preserve value or accomplish an orderly liquidation of the Millennium Trust Assets), and the Trust shall have the power and authority to engage in the foregoing activities.
This release shall be binding on the Trust, the Trustee (in his capacity as such) and any manager or board of directors of MCI or the MCI Subsidiaries (each in their capacity as such).
The Wind-Up Funds will be held in an account maintained by the Trustee and may be invested in accordance with Section 3.2 until such Wind-Up Funds are required to fund the expenses of the resolution of Claims, Causes of Action, liquidation of Millennium Trust Assets and Millennium Trust Chain Assets and general expenses of the Trust, MCI and the MCI Subsidiaries.
For the avoidance of doubt, the parties hereto recognize that the liquidation of the Millennium Trust Assets will be subject to the liquidation of the MCI Subsidiaries by the applicable Millennium Chain Governing Bodies.
On or about the Effective Date, certain Debtors, including certain MCI Subsidiaries, shall transfer the Transferred Real Properties to the Environmental Custodial Trust.
At any time following the Effective Date, if the Trust becomes aware that any asset primarily related to the Acetyls Business, the F&F Business or any of the assets or businesses of the Reorganized Debtors is held by MCI or the MCI Subsidiaries, including any real property, the Trust will execute such documents as are reasonably requested by Lyondell Chemical in order to transfer such assets to Lyondell Chemical or its Affiliates.
At any time following the Effective Date, if the Trust becomes aware that any asset primarily related to the Acetyls Business, the F&F Business or any of the assets or businesses of the Reorganized Debtors is held by MCI or the MCI Subsidiaries, including any real property, the Trust will execute such documents as are reasonably requested by Xxxxxxxx Chemical in order to transfer such assets to Lyondell Chemical or its Affiliates.
The holders of Allowed Claims against MCI shall receive the Millennium Custodial Trust Interests, which shall entitle each such holder to its Pro Rata Share of recoveries with respect to the Millennium Trust Assets, including any recovery by MCI from its direct and indirect ownership of the MCI Subsidiaries.