Tort Claims Trust Distribution Procedures definition

Tort Claims Trust Distribution Procedures means the procedures to be implemented by the Tort Claims Trustee, pursuant to the terms and conditions of the Plan and the Tort Claims Trust Agreement, to process, liquidate and make Distributions on account of Tort Claims. Final determinations on the allowance or disallowance of Tort Claims for Distribution purposes shall be made in accordance with the Tort Claims Trust Distribution Procedures.
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Tort Claims Trust Distribution Procedures means the procedures to be implemented by the Tort
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Tort Claims Trust Distribution Procedures means the procedures to be implemented by the Tort Claims Trustee, pursuant to the terms and conditions of the Tort Claims Trust Agreement, to process, liquidate and make Distributions on account of Tort Claims.
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Examples of Tort Claims Trust Distribution Procedures in a sentence

  • In the event that any provision of this Tort Claims Trust Agreement or the Tort Claims Trust Distribution Procedures is found to be inconsistent with a provision of the Plan or the Confirmation Order, the provision of the Plan or the Confirmation Order shall control.

  • Thus, this Tort Claims Trust Agreement and the Tort Claims Trust Distribution Procedures incorporate and are subject to the provisions of the Plan.

  • The entire agreement of the parties relating to the subject matter of this Tort Claims Trust Agreement is contained herein, in the Tort Claims Trust Distribution Procedures, and in the in the Plan and in the documents referred to herein.

  • In the event that any provision of the Tort Claims Trust Distribution Procedures is found to be inconsistent with a provision of the Tort Claims Trust Agreement, the Tort Claims Trust Agreement shall control.

  • No provision in this Tort Claims Trust Agreement or the Tort Claims Trust Distribution Procedures shall be construed to mandate any distribution on any claim or other action that would contravene the Tort Claims Trust’s compliance with the requirements of a “qualified settlement fund” within the meaning of the QSF Regulations.

  • The Tort Claims Trustee shall promptly proceed to implement the Tort Claims Trust Distribution Procedures.

  • The principal purpose of this Tort Claims Trust Agreement and the Tort Claims Trust Distribution Procedures is to aid in the implementation of the Plan.

  • Where provided in the Tort Claims Trust Distribution Procedures, certain other actions of the Tort Claims Trustee are also subject to the consent of the TAC.

  • The Tort Claims Trustee may modify or amend the Tort Claims Trust Distribution Procedures by a writing with the consent of the TAC as provided in the Tort Claims Trust Distribution Procedures; provided, however, that no amendment to such procedures shall be inconsistent with the provisions limiting amendments to such procedures provided therein.

  • Subject to the terms and conditions of this Tort Claims Trust Agreement and the Tort Claims Trust Distribution Procedures, the Tort Claims Trustee may delegate responsibility for discrete issues or decisions to one or more third parties subject to continued oversight by the Tort Claims Trustee.

Related to Tort Claims Trust Distribution Procedures

  • Administrative Claim Bar Date means the deadline for filing requests for payment of Administrative Claims, which shall be 30 days after the Effective Date.

  • Account Application or “Application” shall mean the application, as may be amended from time to time, by which this Agreement is established between the Depositor (or following the death of the Depositor, the Beneficiary) and the Custodian. The statements contained therein shall be incorporated into this Agreement.

  • Claims Bar Date means the applicable bar date by which Proofs of Claim must be Filed, as established by: (a) the Bar Date Order; (b) a Final Order of the Bankruptcy Court; or (c) the Plan.

  • Professional Fee Claims means all Claims for accrued, contingent, and/or unpaid fees and expenses (including transaction and success fees) incurred by a Professional in the Chapter 11 Cases on or after the Petition Date and through and including the Confirmation Date that the Bankruptcy Court has not denied by Final Order. To the extent that the Bankruptcy Court or any higher court of competent jurisdiction denies or reduces by a Final Order any amount of a Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Professional Fee Claims.

  • Administrative Expense Claim means any right to payment constituting a cost or expense of administration of the Chapter 11 Cases under sections 503(b) and 507(a)(2) of the Bankruptcy Code including, without limitation, (a) any actual and necessary costs and expenses of preserving the Estates, (b) all compensation and reimbursement of expenses to the extent Allowed by the Bankruptcy Court under section 330 or 503 of the Bankruptcy Code, (c) any fees or charges assessed against the Estates under section 1930 of chapter 123 of Title 28 of the United States Code, (d) all Claims arising under section 503(b)(9) of the Bankruptcy Code, and (e) the Prepetition Lenders Adequate Protection Claims.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.