Liquidating Trust Committee definition

Liquidating Trust Committee means those individuals appointed in accordance with the Liquidating Trust Agreement with the powers and responsibilities set forth in the Liquidating Trust Agreement.

Liquidating Trust Committee means the committee created hereunder and appointed by the Committee that shall provide oversight and direction to the Liquidating Trustee in accordance with the terms of the Liquidating Trust Agreement.

Liquidating Trust Committee means the committee selected by the Creditors’ Committee established on the Effective Date consisting of at least three (3) persons, all of who are or were members of the Creditors’ Committee.

Examples of Liquidating Trust Committee in a sentence

• Privileged communications may be shared among the Liquidating Trustee and the Liquidating Trust Committee without compromising the privileged nature of such communications, in accordance with the “joint interest” doctrine.

• The Liquidating Trust shall have a term of five (5) years from the Effective Date, without prejudice to the rights of the Liquidating Trust Committee to extend such term conditioned upon the Liquidating Trust not becoming subject to the Securities Exchange Act of 1934 (as now in effect or hereafter amended).

• Any professionals retained by the Trustee pursuant to this Agreement shall deliver their invoices or fee statements to the Trustee and the Liquidating Trust Committee before payment from the Trust Assets shall be allowed.

• The Trustee’s report shall be provided to the Liquidating Trust Committee upon filing with the Bankruptcy Court, and shall be available to any Beneficiary upon written request.

• The Liquidating Trust Committee may terminate the Liquidating Trustee at any time in accordance with the provisions of the Liquidating Trust Agreement.

More Definitions of Liquidating Trust Committee

Liquidating Trust Committee means the Committee, composed of no more than five(5) current and former members of Sharity Ministries, Inc. and any designated governmental representative. The Members Committee shall serve as the initial Liquidating Trust Committee, in accordance with the Liquidating Trust Agreement. The Liquidating Trust Committee will oversee the activities of the Liquidating Trustee and Liquidating Trust Advisors to act in the best interest of the current and former Sharity Members.

Liquidating Trust Committee means the committee established as of the Effective Date and consisting of at least three initial members, to be selected by the Committee, all of whom are or were members of the Committee.

Liquidating Trust Committee means the oversight committee appointed as of the Effective Date of the Plan and comprised of no more than (2) two members of the Official Committee of Unsecured Creditors (the “Committee”) so willing to serve in such capacity, a representative of PNC or its designee, and a representative of Xxxxxxxxxx Xxxxxxx or its designee. The Liquidating Trust Committee should at all times be made up of at least three

Liquidating Trust Committee means the five (5) member committee along with three(3) ex officio members created hereunder and appointed by the Committee in consultation with the Debtors that shall provide oversight and direction to the Liquidating Trustee in accordance with the terms of the Liquidating Trust Agreement. The members and ex officio members of the Liquidating Trust Committee shall be the same members and ex officio members that currently constitute the Committee.

Liquidating Trust Committee means the oversight committee appointed as of the Effective Date of the Plan and comprised of members of the Official Committee of Unsecured Creditors (the “Committee”) so willing to serve in such capacity. TheLiquidating Trust Committee should at all times be made up of at least three (3) members.

Liquidating Trust Committee means the oversight committee

Liquidating Trust Committee means the two-member committee created hereunder that shall provide direction to the Liquidating Trustee under the Liquidating Trust Agreement. The Liquidating Trust Committee shall be made up of one representative designated by the Senior Noteholders’ Committee and one representative designated by the Creditors’ Committee.