Examples of Plan Administration Agreement in a sentence
Upon a determination by the SCC Litigation Trustee that no additional funds will be needed from the SCC Litigation Trust Reserve, the Plan Administrator shall allocate the remaining funds in the SCC Litigation Trust Reserve in accordance with the terms and conditions of the Plan Administration Agreement.
The Parent’s Plan Administrator shall have and perform all of the duties, responsibilities, rights and obligations set forth in the Parent’s Plan Administration Agreement.
The Parent’s Plan Administrator shall serve without bond, may employ or contract with other Persons to assist in the performance of the Parent’s Plan Administrator’s duties, which shall be set forth in the Parent’s Plan Administration Agreement.
The Plan Administrator shall have the power to seek injunctive or other necessary or appropriate relief from the Bankruptcy Court to ensure that the funds in the Plan Administration Reserve are used only for the purposes specifically directed in this Plan and the Plan Administration Agreement.
The Plan Administrator shall, in accordance with the Plan Administration Agreement, operate the business of Reorganized ASARCO, and the officers and directors of Reorganized Covington shall, in accordance with the charter documents of Reorganized Covington, operate the business of Reorganized Covington.