Charitable Contribution. If there are any residual Unclaimed Distributions or De Minimis Distributions (as defined in Article 6.17 below) at the time of the dissolution of the Liquidating Trust, such residual Unclaimed Distributions and De Minimis Distributions shall be donated to a charitable organization as selected by the Liquidating Trustee with the approval of the Liquidating Trust Advisory Board, free of any restrictions thereon and notwithstanding any federal or state escheat laws to the contrary.
Appears in 2 contracts
Sources: Liquidating Trust Agreement (Shengdatech Liquidating Trust), Liquidating Trust Agreement (ShengdaTech, Inc.)