Liquidating Debtor definition
Examples of Liquidating Debtor in a sentence
The Liquidating Debtor shall reasonably cooperate with the Litigation Trustee to effectuate the terms of this Agreement, including executing such further documents and instruments as may be required from time to time and providing reasonable access and information to the Litigation Trustee on a timely basis, subject to Section 5.16 of the Plan.
The Liquidating Debtor shall cooperate in good faith with the Litigation Trustee in the administration of the Litigation Trust, it being understood and agreed, however, that the Liquidating Debtor and the Plan Administrator are not fiduciaries or agents of the Litigation Trust and owe no duties or obligations to the Litigation Trust or the Beneficiaries except as otherwise set forth in the Confirmation Order, the Plan or this Agreement.
Liquidating Debtor The Steps Plan may provide for a liquidation of syncreon Technology (America) Inc., including pursuant to a proceeding undertaken pursuant to chapter 11 or chapter 7 of the Bankruptcy Code.
As among the Litigation Trust, the Litigation Trustee, the Oversight Committee, the Beneficiaries, the Debtors and the Liquidating Debtor, if any provisions of this Agreement are found to be inconsistent with the provisions of the Plan or the Confirmation Order, each such document shall have controlling effect in the following rank order: (a) the Confirmation Order; (b) the Plan; and (c) this Agreement.
Prior to or as soon as practicable after termination of the Liquidation Trust, the balance of any Cash and other assets of the Liquidation Trust shall be transferred to the Beneficiaries in accordance with the Plan and this Liquidation Trust Agreement and the Liquidation Trustee shall submit a final financial report to the Bankruptcy Court pursuant to the applicable Subplan for each Liquidating Debtor.