Absolute Owners. The Trustee may deem and treat the Beneficiary as the absolute owner of the beneficial interest in the Trust for the purposes of receiving distributions and payments on account thereof for federal and state income tax purposes and for all other purposes whatsoever.
Appears in 2 contracts
Samples: Wapiti Recovery Trust Agreement (Par Petroleum Corp/Co), Delta Petroleum General Recovery Trust Agreement (Par Petroleum Corp/Co)
Absolute Owners. The Trustee may deem and treat the Beneficiary reflected as the owner of Litigation Trust Interest on the Register as the absolute owner of the beneficial interest in the Trust thereof for the purposes of receiving distributions and payments on account thereof for federal and state income tax purposes and for all other purposes whatsoever.
Appears in 2 contracts
Samples: Seventy Seven Energy Litigation Trust Agreement (Seventy Seven Energy Inc.), Seventy Seven Energy Litigation Trust Agreement
Absolute Owners. The Trustee may deem and treat the Beneficiaries reflected as owners of Beneficial Interests on the Beneficiary Register as the absolute owner of the beneficial interest in the Trust owners thereof for the purposes of receiving distributions Distributions and payments on account thereof for federal and state income tax purposes and for all other purposes whatsoever.
Appears in 1 contract
Samples: Liquidating Trust Agreement (Sooner Holdings, Inc.)
Absolute Owners. The Litigation Trustee may deem and treat any Litigation Trust Beneficiary reflected as the Beneficiary owner of a Litigation Trust Interest on the applicable Trust Register as the absolute owner of the beneficial interest in the Trust thereof for the purposes of receiving distributions and payments on account thereof thereof, for federal and state income tax purposes and for all other purposes whatsoever.
Appears in 1 contract
Samples: Litigation Trust Agreement
