Millennium Custodial Trust definition
Examples of Millennium Custodial Trust in a sentence
In particular, Visitor Analytics shall implement technical and organizational measures to provide the on-going confidentiality, integrity, availability and resilience of processing systems and services.
By virtue of Lyondell Chemical’s transfer of its Equity Interests in MCI to the Millennium Custodial Trust, MCI’s Subsidiaries, including but not limited to the Former Equistar Subsidiaries, shall be under the direct or indirect control of the Millennium Custodial Trustee.
Any holder of a Millennium Custodial Trust Interest on account of which the amount of cash to be distributed pursuant to any distribution from the Trust is less than $100.00 shall be deemed to have no claim for such distribution against the Trust or the Millennium Trust Assets.
The Millennium Custodial Trust Interests will be uncertificated, and distributions of Millennium Custodial Trust Interests will be accomplished solely by the entry of the name of each Beneficiary and its respective Millennium Custodial Trust Interests in the books and records of the Trust.
The Reorganizing Debtors shall contribute the Wind-Up Funds to the Millennium Custodial Trust in order to fund the resolution of Claims against Schedule III Debtors and Claims by those entities against others.
The reasonable costs and expenses of the Millennium Custodial Trust and of each of the Schedule III Debtors, including the fees and expenses of the Millennium Trust Trustee, the Delaware Trustee, the Millennium Chain Governing Bodies, and their respective retained professionals, shall be paid out of the Millennium Trust Chain Assets.
On or before the Effective Date, the Millennium Custodial Trust shall be formed pursuant to the Millennium Custodial Trust Agreement and the filing of a certificate of trust with the Delaware Secretary of State.
These release and indemnifications shall be binding on the Millennium Custodial Trust, the Environmental Custodial Trust, the Millennium Trust Trustee, the Environmental Trust Trustee, the Delaware Trustee and any manager or board of directors of the Schedule III Debtors.
The Millennium Custodial Trust Interests shall not be certificated and, subject to applicable law, shall not be transferable.
The Millennium Trust Trustee may retain and compensate attorneys and other professionals to assist in its duties as Millennium Trust Trustee on such terms as the Millennium Trust Trustee, acting in good faith as a fiduciary of the Millennium Custodial Trust, deems appropriate without Bankruptcy Court approval.