Examples of Tort Claims Trustee in a sentence
The Tort Claims Trustee shall create four separate funds as described in the Plan.
For the avoidance of doubt, and without limiting the protection afforded by the Tort Claims Trust Agreement and/or these TDPs, the Tort Claims Trustee shall have the protection afforded by Section 5.6 of the Tort Claims Trust Agreement in relying on the information described in this Section 2.2(b).
The Tort Claims Trustee shall file, or cause to be filed, any other statements, returns or disclosures relating to the Tort Claims Trust that are required by any governmental unit or applicable law.
Upon a determination that a Trust Claim Form for a particular Category A Unaccounted-for Tort Claim is complete, the Tort Claims Trustee shall review the Claim pursuant to the individual review procedures set forth in Section 3.4 below.
Furthermore, no part of the Tort Claims Trust, or the proceeds, revenue or income therefrom shall be used or disposed of by the Tort Claims Trustee in furtherance of any business other than as contemplated herein or by the Plan.
The Tort Claims Trustee shall not release the portion of a payment that might be encumbered by a Healthcare Reimbursement Obligation (the “Healthcare Holdback Amount”) until proof of resolution and satisfaction of such Healthcare Reimbursement Obligation is provided to the Tort Claims Trustee in a form that the Tort Claims Trustee, in its sole discretion, deems acceptable.
Upon distribution of all of the assets of the Tort Claims Trust, or the proceeds thereof, the Tort Claims Trustee shall hold the books, records and files delivered to or created by the Tort Claims Trustee for a period of four years after the last distribution of assets from the Tort Claims Trust is made.
The Tort Claims Trustee shall seek the issuance and entry of any orders necessary to approve such accounting and discharge it from any and all liability for acting as Tort Claims Trustee under the Plan and this Tort Claims Trust Agreement.
Following any subsequent transfers of cash or other property to the Tort Claims Trust, the transferor (or the entity treated as the transferor for U.S. federal income tax purposes) shall provide, or cause to be provided, to the Tort Claims Trustee any reports or statements required under the QSF Regulations.
If the Tort Claims Trustee determines that the Holder’s Tort Claim qualifies as an Allowed Future Tort Claim, the Holder of the Future Tort Claim shall have the option of accepting the Scheduled Value (as hereinafter defined) for such Tort Claim (which amount shall be stated in the Determination Notice) or of proceeding with the dispute resolution procedures set forth in Section 3.3 below.