Common use of Withholding from Distributions Clause in Contracts

Withholding from Distributions. Pursuant to and in accordance with the terms of the Plan, the Trustee may withhold from amounts distributable to any Beneficiary any and all amounts, determined in the Trustee’s reasonable sole discretion, to be required by any law, regulation, rule, ruling, directive or other governmental requirement.

Appears in 3 contracts

Sources: Liquidating Trust Agreement, Liquidating Trust Agreement (Circuit City Stores Inc), Liquidating Trust Agreement