Liquidating Trustee definition

Liquidating Trustee means such individual or Entity as is selected as the Liquidating Trustee hereunder by the General Partner, which individual or Entity may include an Affiliate of the General Partner, provided such Liquidating Trustee agrees in writing to be bound by the terms of this Agreement. The Liquidating Trustee shall be empowered to give and receive notices, reports and payments in connection with the dissolution, liquidation and/or winding-up of the Partnership and shall hold and exercise such other rights and powers as are necessary or required to permit all parties to deal with the Liquidating Trustee in connection with the dissolution, liquidation and/or winding-up of the Partnership.

Liquidating Trustee means one or more Persons selected by the Board of Directors to perform the functions described in Section 12.4.

Liquidating Trustee means the Member or such other Person appointed the Member to act in the capacity provided in Article X hereof.

Examples of Liquidating Trustee in a sentence

No Person may rely on the absence of a specific reference in this Combined Plan and Disclosure Statement or the Plan Supplements to any Cause of Action against it as any indication that the Debtors or Liquidating Trustee will not pursue any and all available Causes of Action against such Person.

The Liquidating Trustee will file with the IRS tax returns for the Liquidating Trust as a grantor trust under Treasury Regulation Section 1.671-4(a) and will also send to each Holder a separate statement setting forth such Holder’s share of items of Liquidating Trust income, gain, loss, deduction, or credit.

At the Plan Confirmation Hearing, the Bankruptcy Court shall consider and, if appropriate, ratify the selection of the Liquidating Trustee.

Unless otherwise set forth in this Plan, the Liquidating Trustee may donate remaining assets of the Liquidating Trust to a charitable institution if the Distribution of such assets is too costly, too burdensome, or impracticable.

Unless otherwise provided in this Plan, out of abundance of caution, the Debtors and the Liquidating Trustee expressly reserve the right to pursue all Causes of Action against certain of the Debtors’ former Directors and Officers that are not Released Parties or Exculpated Parties.

More Definitions of Liquidating Trustee

Liquidating Trustee means a person, other than a general partner, but including a limited partner, who carries out the winding up of a limited partnership as provided in this chapter.

Liquidating Trustee means a person carrying out the winding up of a limited liability company.

Liquidating Trustee means the person or entity appointed by the Plan Administrator prior to the creation of a Liquidating Trust to administer such Liquidating Trust in accordance with the provisions of Article X of the Plan and a Liquidating Trust Agreement; provided, however, that under no circumstance shall a Liquidating Trustee be a director or officer with respect to any entity over which the Liquidating Trust has control.

Liquidating Trustee means the Person appointed to act as trustee of the Liquidating Trust in accordance with the terms of this Plan, the Confirmation Order, and the Liquidating Trust Agreement, or any successor appointed in accordance with the terms of this Plan and the Liquidating Trust Agreement.

Liquidating Trustee means the trustees or other representative of the Liquidating Trust.

Liquidating Trustee means such Person as is selected at the time of dissolution by the Committee of Managers with the approval of the Members. The Liquidating Trustee shall be empowered to give and receive notices, reports and payments in connection with the dissolution, liquidation and/or winding-up of the Company and shall hold and exercise such other rights and powers as are necessary or required to permit all parties to deal with the Liquidating Trustee in connection with the dissolution, liquidation, and/or winding-up of the Company.

Liquidating Trustee means as to the Liquidating Debtors, the individual identified in the Notice of Designation and any replacement thereof duly appointed by the Oversight Nominee.