Settlement Trust definition

Settlement Trust means the trust organized under the laws of the state of Delaware and established under Article IV and the Settlement Trust Agreement for the purposes set forth therein, including assuming liability for all Abuse Claims, holding, preserving, maximizing, and administering the Settlement Trust Assets, and directing the processing, liquidation and payment of all compensable Abuse Claims in accordance with the Settlement Trust Documents.

Settlement Trust means the escrow account established pursuant to the Settlement Agreement.

Settlement Trust means the national tobacco grower settlement trust established between tobacco companies and states with tobacco growers and tobacco quota owners in accordance with the master settlement agreement between certain tobacco companies and states' attorneys general dated November 23, 1998;

Examples of Settlement Trust in a sentence

• A Native Corporation may convey assets (including stock or beneficial interests therein) to a Settlement Trust in accordance with the laws of the State (except to the extent that such laws are inconsistent with this section and sec- tion 1629b of this title).

• The Reorganized Debtors will also execute and deliver, or will use all commercially reasonable efforts to cause the trustee of the Fibreboard Insurance Settlement Trust to execute and deliver, to the Asbestos Personal Injury Trust such documents as the Asbestos Personal Injury Trustees reasonably request in connection with the transfer and assignment of the Existing Fibreboard Insurance Settlement Trust Assets and the FB Reversions.

• There are established in the Treasury of the United States three settlement trust fund ac- counts to be known as the ‘‘Torres-Martinez Settlement Trust Funds Account’’, the ‘‘Torres-Martinez Allottees Settlement Ac- count I’’, and the ‘‘Torres-Martinez Allottees Settlement Account II’’, respectively.

• As required by the Florida Constitution, the Opioid Settlement Trust Fund terminates on July 1, 2027, unless terminated sooner or recreated by the Legislature.

• The Settlement Trust shall be a “qualified settlement fund” within the meaning of the Treasury Regulations issued under Section 468B of the Internal Revenue Code.

More Definitions of Settlement Trust

Settlement Trust means $1,000,000 (One Million dollars) less Legal Fees, less any other expenses and amounts authorized by the court in the Approval Order or by this Agreement.

Settlement Trust means the liquidating trust or trusts that may be created under the Plan in respect of the Debtors and governed by the Settlement Trust Agreement.

Settlement Trust means a trust—

Settlement Trust means $2,770,000 less Legal Fees, less any other expenses and amounts authorized by the court in the Approval Order or by this Agreement.

Settlement Trust means Eight Hundred Thousand dollars ($800,000) less Legal Fees, less any other expenses and amounts authorized by the court in the Approval Order or by this Agreement.

Settlement Trust means a trust established in accordance with the terms of the Settlement Trust Order.

Settlement Trust means the trust described in Article V.C. of the Plan to be established under Delaware trust law that will make Distributions to General Unsecured Creditors pursuant to the terms of the Plan and Settlement Trust Agreement. With respect to any action required or permitted to be taken by the Settlement Trust, including pursuing Avoidance Actions, the term includes the Settlement Trustee or any other person authorized to take such action in accordance with the Settlement Trust Agreement.