Liquidating Trustee definition

Liquidating Trustee has the meaning set forth in Section 6.2(a).

Liquidating Trustee shall have the meaning assigned thereto in Section 13.2.

Liquidating Trustee means such Person as is selected by the Non-Defaulting Partner(s), which Person may include an Affiliate of the Partners. 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.

Examples of Liquidating Trustee in a sentence

• No Liquidating Trust Beneficiary shall have standing to direct the Liquidating Trustee to do or not to do any act or to institute any action or proceeding at law or in equity against any party upon or with respect to the Liquidating Trust Assets.

• The Liquidating Trustee may deem and treat any Liquidating Trust Beneficiary reflected as the owner of a Liquidating Trust Interest on the applicable Trust Register as the absolute owner thereof for the purposes of receiving distributions and payments on account thereof, for federal and state income tax purposes and for all other purposes whatsoever.

• Upon distribution of all the Liquidating Trust Assets, the Liquidating Trustee shall retain the books, records and files that shall have been delivered or created in connection with the administration of the Liquidating Trust to the extent not otherwise required to be handled by the Liquidating Trustee in accordance with Section 2.2 hereof.

• The Liquidating Trust Oversight Committee shall have the authority and responsibility to oversee and review and, as specifically set forth herein, direct the activities of the Liquidating Trust and the performance of the Liquidating Trustee; provided, however, that the Liquidating Trust Oversight Committee may not direct the Liquidating Trustee to nor shall the Members act in a manner inconsistent with their respective duties and obligations under the Plan, the Confirmation Order, or this Agreement.

• The Liquidating Trustee shall duly comply on a timely basis with all obligations, and satisfy all liabilities, imposed on the Liquidating Trustee or the Liquidating Trust under non-United States law relating to taxes.

More Definitions of Liquidating Trustee

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 is defined in Section 11.2(a).

Liquidating Trustee shall have the meaning set forth in Section 10.2(a).

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

Liquidating Trustee is defined in Section 10.3.

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