Examples of PI Trust Documents in a sentence
Such compensation, costs and fees paid or reimbursed, as applicable, by the PI Trust shall be deducted from Distributions from (i) the PI Trust NAS Fund to Holders of Allowed NAS PI Channeled Claims and (ii) the PI Trust Non-NAS Fund to Holders of Allowed Non-NAS PI Channeled Claims, in each case pursuant to the PI Trust Documents.
Nothing in the Plan, the PI Trust Documents or the Abatement Trust Documents shall be construed in any way to limit the scope, enforceability or effectiveness of the Channeling Injunction issued in connection with the Plan.
The centerpiece of the Plan is the establishment of a trust under section 524(g) of the Bankruptcy Code (as defined in the Plan, the “Asbestos PI Trust”) and an injunction (as defined in the Plan, the “Asbestos PI Channeling Injunction”) that, subject to the Asbestos PI Trust Documents, will channel all current asbestos-related Claims and future asbestos-related Demands to the Asbestos PI Trust.
July 7, 2021 shall be the deadline to file and serve any Plan Supplement, provided that the Plan Supplement Filing Deadline with respect to the PI Trust Documents (as defined in the Plan) shall be June 30, 2021.
As the Legal Representative, he will have the functions and rights provided in the Asbestos PI Trust Documents.
The Future PI Trust Documents, and the mechanisms, criteria and procedures therein for operating the Future PI Trust and addressing Future PI Claims, are fair and equitable with respect to holders of Future PI Claims in light of the benefits to be provided to the Future PI Trust on behalf of the Debtors and the other Non-GUC Released Parties.
None of the Trustee, the Delaware Trustee, the PI Committee, the NAS Representative, the FCR, any Professionals of the foregoing, the Debtors, the Reorganized Debtors, or any other Protected Party shall be liable for the payment of any Trust Expense or any other liability of the PI Trust, except to the extent provided in the Plan or the PI Trust Documents.
Nothing in these NAS PI Trust Documents or the Governing Order and Filings expands, limits, or impairs the obligation under applicable law of a NAS PI Claimant or any holder of an Other Channeled Claim to respond fully to lawful discovery in any underlying civil action regarding his or her submission of factual information to the NAS PI Trust for the purpose of obtaining compensation for opioid- related injuries from the NAS PI Trust.
A NAS PI Claimant whose NAS PI Claim was reduced prior to the Petition Date to a settlement, judgment, or award (whether or not paid or otherwise discharged) against any Debtor shall be barred from receiving any Award under the NAS PI Trust Documents on account of such NAS PI Claim and shall not recover from the NAS PI Trust or any other PPOC Sub-Trust on account of such NAS PI Claim.
The settlement payments made to holders of qualifying opioid-related personal injury claims who have received certain types of health insurance coverage for opioid-related injuries may be subject to healthcare liens that, in certain cases, will be resolved through a lien resolution procedure described more fully in the PI Trust Documents, and, in other cases, will remain to be resolved directly with the parties holding such liens.