Liquidation Trust Expenses definition

Liquidation Trust Expenses means the reasonable fees, costs and expenses of the Liquidation Trusts’ retained professionals, as determined in the reasonable discretion of the Liquidation Trustee. For the avoidance of doubt, U.S. Trustee Fees shall be considered a Trust Expense.

Liquidation Trust Expenses means any and all reasonable fees, costs and expenses incurred bythe Liquidation Trust or the Liquidation Trustee (or any Disbursing Agent, Person, Entity or professional engaged by the Liquidation Trust or the Liquidation Trustee) in connection with any of their duties under the Plan and the Liquidation Trust Agreement, including any administrative fees, attorneys' fees and expenses, insurance fees, Taxesand escrow expenses; provided that the Liquidation Trust Expenses shall not include any Daimler Litigation Costs, any Contingency Fees or any fees and out-of-pocket expenses of the Litigation Manager.

Liquidation Trust Expenses means all fees and expenses of the LiquidationTrust, the Liquidation Trustee, and any Professionals retained by the Liquidation Trustee or Liquidation Trust after the Effective Date; provided, however, that any fees or expenses (including legal) incurred by the Liquidation Trustee in connection with collecting or recovering any Prepetition Collateral, including the Posted Collateral, shall not be considered Liquidation Trust Expenses.

Examples of Liquidation Trust Expenses in a sentence

• To the extent the Liquidation Trust indemnifies, defends, and holds harmless any Liquidation Trust Indemnified Parties as provided above, the legal fees and related costs incurred by counsel to the Liquidation Trustee in monitoring or participating in the defense of such claims giving rise to the right of indemnification shall be paid as Liquidation Trust Expenses.

• Except as specifically provided in the Plan or the Confirmation Order, the Liquidation Trust Assets shall automatically vest in the Liquidation Trust free and clear of all Claims, Liens, or interests subject only to the Liquidation Trust Interests and the Liquidation Trust Expenses, as provided for in the Liquidation Trust Agreement, and such vesting shall be exempt from any stamp, real estate transfer, other transfer, mortgage reporting, sales, use, or other similar tax.

• From time to time, but no less frequently than quarterly, the Liquidation Trust Administrator, in consultation with the Liquidation Trust Advisory Board, shall estimate the amount of Liquidation Trust Recoveries required to pay then outstanding and reasonably anticipated Liquidation Trust Expenses.

• To the extent the Liquidation Trust indemnifies, defends, and holds harmless any Wind-Down Indemnified Parties as provided above, the legal fees and related costs incurred by counsel to the Liquidation Trust in monitoring or participating in the defense of such claims giving rise to the right of indemnification shall be paid as Liquidation Trust Expenses.

• The Cash portion of Liquidation Trust Recoveries in excess of such actual and estimated Liquidation Trust Expenses shall be made available for distribution to Claimholders in the amounts, on the dates and subject to the other terms and conditions provided in this Plan.

More Definitions of Liquidation Trust Expenses

Liquidation Trust Expenses means all reasonable costs and expenses incurred on or after the Effective Date by the Liquidation Trustee and the Oversight Committee associated with the implementation and administration of the Liquidation Trust and the Plan.

Liquidation Trust Expenses means any and all reasonable fees, costs and expenses incurred by the Liquidation Trust, the Liquidation Trustee, the Unsecured Claim Pool Sub-Trust, or the Unsecured Claim Pool Sub-Trustee (or any Disbursing Agent, Person, entity or professional engaged by the Debtors, the Liquidation Trustee or the Unsecured Claim Pool Sub-Trustee to effect distributions or otherwise assist the Liquidation Trustee or the Unsecured Claim Pool Sub-Trustee with their duties under this Agreement) in connection with any of their duties under the Plan and this Agreement, including, without

Liquidation Trust Expenses means any and all reasonable fees, costs, and expenses incurred by the Liquidation Trustee not inconsistent with the Plan or the Liquidation Trust Agreement, including the maintenance or disposition costs of the Liquidation Trust Assets (including Liquidation Trustee fees, indemnity reserves, attorneys’ fees, the fees of professionals, and other Persons or Entities retained by the Liquidation Trustee, personnel-related expenses, and any taxes imposed on the Liquidation Trust or in respect of the Liquidation Trust Assets), and any other expenses incurred or otherwise payable in accordance with the Liquidation Trust Agreement.

Liquidation Trust Expenses means any and all reasonable and documented fees, costs, and expenses incurred by the Liquidation Trust or the Liquidation Trustee (or any Disbursing Agent, Person, entity, or professional engaged by the Debtors or the Liquidation Trustee to effect distributions or otherwise assist the Liquidation Trustee with its duties under the Liquidation Trust Agreement) in connection with any of their duties under the Plan and the Liquidation Trust Agreement, including, without limitation, any reasonable and documented administrative fees, attorneys’ or other professionals’ fees and expenses, insurance fees, taxes, escrow expenses and fees payable under 28 U.S.C. § 1930, costs associated with any maintenance of any going concern as part of the wind down of such going concern’s business operations, or costs to maintain certain assets while they are held, in each case, in accordance with and subject to the Wind Down Budget.

Liquidation Trust Expenses means any expenses incurred by the Liquidation Trust, including, but not limited to, professional fees of the Liquidation Trust, the fees of the Liquidation Trustee, expenses incurred by any Entity retained by the Liquidation Trustee, and the expenses of the Liquidation Trust Advisory Board.

Liquidation Trust Expenses means all expenses, costs, fees, debts, charges, taxes, liabilities and obligations related to the formation, management, activities and/or administration of the Liquidation Trust and/or the implementation of the Plan, including, without limitation, the fees and expenses of the Liquidation Trust Oversight Board (and any Professional Persons retained) to the extent such fees and expenses are provided for in Section 7.20 of the Plan, the compensation, and professional fees and expenses, payable to the Liquidation Trustee and/or to those Professional Persons retained or engaged by or for the Liquidation Trust or the Liquidation Trustee to assist in the implementation and/or consummation of the terms of, and/or the activities and/or transactions contemplated by the Plan, and/or any and all professional fees, costs, expenses of or related to (a) taking possession of, holding, maintaining, liquidating or distributing assets, properties or rights that have been or shall be transferred to or vested in the Liquidation Trust, and/or (b) prosecuting, defending, settling or otherwise resolving any disputes regarding any such assets, properties or rights, any Claim(s) or any of the Estate Causes of Action and/or the making of distributions from the Liquidation Trust.

Liquidation Trust Expenses means all expenses, costs, fees, debts, charges, taxes, liabilities and obligations related to the formation, management, activities and/or administration of the Liquidation Trust and/or the implementation of the Plan, including, without limitation, the fees and expenses of the Liquidation Trust Oversight Board (and any Professional Persons retained) to the extent such fees and expenses are provided for in Section 7.20 of the Plan, the