Examples of Trust Entity in a sentence
Upon the Effective Date, any requirement that professionals comply with Bankruptcy Code sections 327 through 331 in seeking retention or compensation for services rendered after such date shall terminate, and professionals may be employed and paid in the ordinary course of business by the Reclamation Trust Entity without any further notice to, or action, order, or approval of, the Court.
The powers, authority, responsibilities, and duties of the Reclamation Trust Entity, the Reclamation Trust Entity Representative, and Reclamation Trust Entity Board are set forth in and shall be governed by the Plan, the Plan Supplement, and the Reclamation Trust Entity Agreement.
Holders of Fee Claims that are required to file and serve applications for final allowance of their Fee Claims that do not file and serve such applications by the required deadline shall be forever barred from asserting such Claims against the Debtors, the Reclamation Trust Entity, or their respective properties, and such Fee Claims shall be deemed discharged as of the Effective Date.
The Reclamation Trust Entity shall pay Fee Claims in Cash in the amount Allowed by the Court.
The valuation shall be used consistently by all parties (including the Reclamation Trust Entity Representative and the holders of the Reclamation Trust Entity Interests) for all federal income tax purposes.