Reorganization Trust definition
Examples of Reorganization Trust in a sentence
The Reorganization Trust shall have paid, in full, in cash (i) the Agreed PoJo Cure Amount to the Lease Indenture Trustees and (ii) the PoJo Restructuring Fees to the appropriate attorneys and financial advisors to the PoJo Parties.
If the Reorganization Trust provides EIX with notice of any claim pursuant to this provision, the Reorganization Trust shall provide EIX with a description of the claim in reasonable detail, and shall provide copies of all documents (including court papers) related to the claim.
If EIX provides the Reorganization Trust with notice of any claim, EIX shall provide to the Reorganization Trust a description of the claim in reasonable detail, and shall provide copies of all documents (including court papers) related to the claim.
On the later of September 30, 2016, and the resolution of any Claim Notice (as defined in Exhibit C attached hereto) outstanding as of September 30, 2016 based on a third-party claim, any unused funds in the Escrow Account shall be paid to the Reorganization Trust for distribution pursuant to terms of the Amended Plan of Reorganization, and, following such distribution, the Escrow Agreement shall automatically terminate.
At and to the extent of the Reorganization Trust’s request, EIX shall continue to administer Retiree Benefits (as they may be modified) for the Reorganization Trust and otherwise cooperate in connection therewith, at the Reorganization Trust’s cost and expense, and on other terms acceptable to EIX and the Reorganization Trust for up to twelve months after the Effective Date.
Reorganization Trust in the form of Exhibit G hereto and shall have entered into a Service Agreement in the form of Exhibit H hereto.
The Reorganization Trust shall not admit liability or consent to the entry of any order or judgment with respect to any claim for which indemnification is sought without the prior written consent of the EIX Released Party unless such settlement or compromise includes an unconditional release of the EIX Released Party from all liability arising out of such claim.
On the Effective Date, the Reorganization Trust shall establish, and transfer the Initial Escrow Amount to, an escrow account with a third-party escrow agent as a reserve for potential or actual damages incurred by any EIX Released Party arising from a breach by the Reorganization Trust of its obligations under this Agreement (the “Escrow Account”).
EIX, on behalf of itself and each of the EMG Subsidiaries, waives all rights of contribution, reimbursement, subrogation, or other rights against the Company Subsidiaries, the Reorganization Trust, or NRG, as applicable, with respect to the Assumed Liabilities.
If a valid assignment of this Agreement is made by the Supplier in accordance with this Section 14.5 the Buyer acknowledges and agrees that, upon such assignment and assumption and notice thereof by the assignor to the Buyer, the assignor shall be relieved of all its duties, obligations and liabilities hereunder.