Liquidation Trustee definition

Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Liquidation Trustee means the person or firm to be appointed by the Committee and the Requisite Lenders, and who is reasonably acceptable to the Plan Debtors, to manage the Liquidation Trust pursuant to Article XI.D of the Plan and the Liquidation Trust Agreement.

Liquidation Trustee means the Person designated by the Committee, after consultation with BP, in the Plan Supplement and approved by the Bankruptcy Court pursuant to the Confirmation Order to serve as the liquidation trustee.

Examples of Liquidation Trustee in a sentence

No Limited Partner shall be entitled to the withdrawal or return of its Capital Contribution, except (a) to the extent of such Limited Partner’s right of redemption set forth in Section 8.6, and (b) to the that extent the General Partner (or the Liquidation Trustee) determines to make distributions made pursuant to this Agreement or upon termination of the Partnership as provided herein.
Any such notice may be provided or made available, in the discretion of the Liquidation Trustee, by any reasonable means, including U.S. mail, electronic transmission, display on IntraLinks or a similar virtual data room to which holders shall have access, or publication to a publicly-available website or by press release distributed via a generally recognized business news service.
The Liquidation Trustee shall cause any Liquidation Trust Entity to comply with this paragraph as regards any Entity Assets comprised of Cash.
In the event that a Liquidation Trust Supervisory Board shall not continue to exist under this Agreement, the Liquidation Trustee shall have all the rights and powers of a duly elected board of directors of a Delaware corporation and all references herein to required approval or other action of such Liquidation Trust Supervisory Board shall be of no force or effect.
The Liquidation Trust Supervisory Board shall have all the rights and powers of a duly elected board of directors of a Delaware corporation and shall supervise the Liquidation Trustee in accordance with this Agreement and the Plan.

More Definitions of Liquidation Trustee

Liquidation Trustee means the person or firm to be appointed to manage the Liquidation Trust pursuant to Section 9.4 of the Plan and the Liquidation Trust Agreement.

Liquidation Trustee means the person vested with the authority under the Liquidation Trust to administer the Liquidation Trust, as further described in Section 6.3(b) of this Plan.

Liquidation Trustee means E. Lynn Schoenmann, solely in her capacity as Liquidation Trustee of the Liquidation Trust pursuant to the terms and conditions of this Combined Disclosure Statement and Plan and the Liquidation Trust Agreement.

Liquidation Trustee means that Person selected by the Committee to serve as the trustee of the Liquidation Trust or any of his, hers, or its successors.

Liquidation Trustee means the trustee of the Liquidation Trust as contemplated by the Trust Agreement.

Liquidation Trustee means the person or entity who shall become trustee of the

Liquidation Trustee means the Person selected by the Committee and appointed to administer the Liquidation Trust, with such rights, duties, and obligations as set forth herein and in the Liquidation Trust Agreement.