Examples of Litigation Distribution Schedule in a sentence
Section 5 takes a brief detour into the realm of counterfactuals, and sketches how the data presented here also present a challenge to theories of counterfactuals.
Accordingly, the holders of Allowed General Unsecured Claims, whether Allowed on or after the Effective Date, and such other beneficiaries as described in the Litigation Distribution Schedule shall be treated for federal income tax purposes as the grantors and owners of their respective shares of the applicable Litigation Trust Assets.
The Litigation Trustee shall distribute Cash in accordance with the Litigation Distribution Schedule.
As of the Effective Date, the Debtors shall assign and transfer to the Litigation Trust all of their rights, title and interest in and to the Litigation Trust Assets for the benefit of the holders of Allowed General Unsecured Claims, whether Allowed on or after the Effective Date, and such other beneficiaries as described in the Litigation Distribution Schedule.
On or before the Effective Date, the Litigation Trust Agreement, in a form reasonably acceptable to each of the Put Parties, shall be executed, and all other necessary steps shall be taken to establish the Litigation Trust and the beneficial interests therein, which shall be for the benefit of the Holders of Allowed General Unsecured Claim, whether Allowed on or after the Effective Date, and such other beneficiaries as described in the Litigation Distribution Schedule.
The holders of Allowed General Unsecured Claims, whether Allowed on or after the Effective Date, and such other beneficiaries as described in the Litigation Distribution Schedule shall report, for tax purposes, consistent with the foregoing.
The Litigation Trust Loan and accrued interest on that loan shall be paid in accordance with the Litigation Distribution Schedule.
The holders of Allowed General Unsecured Claims and Allowed Bond Claims, whether Allowed on or after the Effective Date, and such other beneficiaries as described in the Litigation Distribution Schedule shall report, for tax purposes, consistent with the foregoing.
All liabilities of the Litigation Trust, including without limitation indemnity obligations under Section 7.1 or 7.2 of this Litigation Trust Agreement, will be liabilities of the Litigation Trust as an entity, and will be paid or satisfied from Litigation Trust Assets in accordance with the Litigation Distribution Schedule as Litigation Claims Costs.
Accordingly, subject to Section 8.2(c) of this Litigation Trust Agreement, the holders of Allowed General Unsecured Claims and Allowed Bond Claims, whether Allowed on or after the Effective Date, and such other beneficiaries as described in the Litigation Distribution Schedule shall be treated for U.S. federal income tax purposes as the grantors and owners of their respective shares of the applicable Litigation Trust Assets.