Settlement Trustee definition

Settlement Trustee means the trustee of the Trust, who initially will be William L. Bettinelli, or such other Person the Survivors’ Committee selects and any successor trustee appointed pursuant to the terms of this Plan and the Trust Documents.‌

Settlement Trustee means the initial trustee disclosed in a notice filed on the docket of these Chapter 11 Cases by February 18, 2022, or any successor trustee who may subsequently be appointed pursuant to the terms of the Settlement Trust Agreement.

Settlement Trustee means Administar Services Group, Inc., or any person subsequently appointed by the Court to serve as the Trustee of the Settlement Fund. The Settlement Trustee shall also undertake the duties and responsibilities of the administration of the Settlement in this Litigation, as set forth in this Consent Decree.

Examples of Settlement Trustee in a sentence

• The Settlement Trustee shall be the “administrator” of the Settlement Trust as such term is used in Treas.

• Any successor Settlement Trustee shall be appointed in accordance with the terms of the Settlement Trust Agreement.

• The Settlement Trustee may request an expedited determination of taxes on the Settlement Trust under section 505(b) of the Bankruptcy Code for all returns filed for, or on behalf of, the Settlement Trust for all taxable periods through the dissolution of the Settlement Trust.

• The Settlement Trustee shall be responsible for the payment of any taxes imposed on the Settlement Trust or the Settlement Trust Assets, including estimated and annual U.S. federal income taxes in accordance with the terms of the Settlement Trust Agreement.

• For purposes performing his or her duties and fulfilling his or her obligations under the Settlement Trust and the Plan, the Settlement Trustee shall be deemed to be, and the Confirmation Order shall provide that he or she is, a “party in interest” within the meaning of section 1109(b) of the Bankruptcy Code.

More Definitions of Settlement Trustee

Settlement Trustee means the trustee of the Settlement Trust. The Settlement Trustee also serves as the Claims Administrator, and any references to the Settlement Trustee shall be deemed to include the Claims Administrator acting in his capacity as the Settlement Trustee.

Settlement Trustee means the person appointed by the Committee to administer the Settlement Trust in accordance with the terms of the Settlement Trust Agreement, which person is Wayne Weitz of EisnerAmper.

Settlement Trustee means the individual acceptable to the Debtors who is appointed by the Bankruptcy Court to serve as trustee of the Settlement Trust pursuant to the terms of the Plan and the Settlement Trust Agreement or who may subsequently be appointed pursuant to the terms of the Settlement Trust Agreement. The initial Settlement Trustee shall be identified in the Plan Supplement.

Settlement Trustee means that Person chosen by Settlement Class Counsel to administer the Settlement Trust in accordance with Sections 2.5 and 2.6.

Settlement Trustee means the person appointed by the Court to (a) serve as the individual trustee of the Settlement Fund who is empowered and charged with the responsibility to administer and distribute the Settlement Fund according to the Plan of Distribution approved by the Court; and (b) serve as Special Master appointed under Federal Rule of Civil Procedure 53 with respect to issues relating to the Plan of Distribution.

Settlement Trustee means the independent directors or trustees selected by the Committee after consultation with KFI, in the manner and number to be set forth in the Plan, and approved by the Bankruptcy Court pursuant to the Confirmation Order. The trustees shall act as fiduciaries for all beneficiaries of the Settlement Trust. The initial trustees of the Settlement Trust shall be identified in the Plan or the Plan Supplement.

Settlement Trustee means a Person selected by Settlement Class Counsel to act on behalf of the Settlement Trust with respect to the Special Assets.