Examples of Litigation Trust Agreement in a sentence
SFC shall advance the Litigation Funding Amount to the Litigation Trustee for use by the Litigation Trustee in prosecuting the Litigation Trust Claims in accordance with the Litigation Trust Agreement, which advance shall be deemed to create a non-interest bearing receivable from the Litigation Trustee in favour of SFC in the amount of the Litigation Funding Amount (the “ Litigation Funding Receivable”).
The Litigation Funding Amount and Litigation Trust Claims shall be managed by the Litigation Trustee in accordance with the terms and conditions of the Litigation Trust Agreement.
In accordance with the Plan and the Implementation Agreement the majority of the Company’s assets were transferred to Newco and then transferred on to Newco II, with the exception of the shares of Sino Wood Partners Limited, which were transferred directly to Newco II.2 Litigation Trust Interests provide their holders with the right to receive cash distributions in accordance with the Litigation Trust Agreement, if any.