Litigation Trust definition

Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

Litigation Trust means that trust established in accordance with the CDSI Plan which, after the Effective Date, will hold and prosecute the Recovery Rights and certain other claims for the benefit of the Reorganized Debtors and the Bank in accordance with the terms of the Plan and the CDSI Plan, and will have such powers, duties and obligations as are set forth therein, in the Litigation Trust Agreement, in the Confirmation Order, in the CDSI Confirmation Order, in other Final Orders, and by applicable law.

Litigation Trust means that certain trust to be created on the Effective Date for the benefit of the Litigation Trust Beneficiaries in accordance with the provisions of the Litigation Trust Agreement.

Examples of Litigation Trust in a sentence

• The Litigation Trust shall be entitled to assert all of the Debtors’ and the Estates rights under, without limitation, section 558 of the Bankruptcy Code.

• The Litigation Trust shall not be responsible for legal fees, if any, incurred by the Post-Effective Date Debtors in fulfilling its obligations under this Section 3.9.

• The Litigation Trust may also seek estimation of any Claims under and subject to section 502(c) of the Bankruptcy Code.

• This Litigation Trust Agreement shall be governed by and construed in accordance with the laws of the State of Texas, without regard to whether any conflicts of law would require the application of the law of another jurisdiction.

• From and after the Effective Date, the Litigation Trust may, in accordance with the Plan, administer and pay Plan Distributions provided for under the Plan to the Holders of Allowed Professional Claims, Allowed General Administrative Claims, Allowed Priority Tax Claims, Allowed Other Secured Claims, Allowed Other Priority Claims, Allowed Prepetition Secured Lender Claims, and Allowed General Unsecured Claims.

More Definitions of Litigation Trust

Litigation Trust means the trust created pursuant to the Litigation Trust Agreement on the Effective Date in accordance with this Plan, the Confirmation Order and the Litigation Trust Agreement.

Litigation Trust means a trust to be established on the Effective Date to which the City will transfer all of its rights and interest in the COP Litigation.

Litigation Trust means that certain trust that may be created pursuant to this Plan to be administered by the Trustee with the advice and/or direction of the Trust Advisory Board to pursue the SIP Subrogation Claims, as set forth in Article XII of the Plan.

Litigation Trust means the trust or trusts established pursuant to Section 5.7 hereof to accept (a) the Non-Settling Defendant Claims and/or (b) Assigned Preference Claims for the benefit of certain holders of certain Allowed General Unsecured Claims and 2015 Notes Claims, if applicable, against Obligor Debtors, and to distribute the net proceeds of such Claims in accordance with Section 5.7 hereof.

Litigation Trust means the trust established in accordance with Article V.T. of the Plan.

Litigation Trust means the liquidating trust as established under Section 4.12 of the Plan and the Litigation Trust Agreement.

Litigation Trust means the trust to be established on the Effective Date pursuant to the Litigation Trust Agreement for the sole benefit of Class 4 Claims to hold the Litigation Trust Rights.