Litigation Trustee definition

Litigation Trustee means a Person to be determined by SFC and the Initial Consenting Noteholders prior to the Effective Time, with the consent of the Monitor, to serve as trustee of the Litigation Trust pursuant to and in accordance with the terms thereof.

Litigation Trustee means the person or entity, solely in the capacity as trustee of the Litigation Trust, selected by the Creditors’ Committee and approved by the Bankruptcy Court at the Confirmation Hearing to administer the Litigation Trust in accordance with the terms and provisions of the Litigation Trust Agreement.

Litigation Trustee means the trustee to serve pursuant to Article XIII of the Plan and under the Litigation Trust Agreement.

Examples of Litigation Trustee 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”).

• It is also notable that the Exculpation Provisions deal only with pre-Effective Date Parties (i.e., not any parties created by the terms of the Plan, such as the Litigation Trustee or Claimant Trustee).Injunctions.

• The Monitor understands that the Litigation Trustee considered and analysed potential claims against third parties and elected to proceed against Mr. Allen Chan, the former chief executive officer and chairman of the board of the Company, BDO Limited (“ BDO”) and Poyry (Beijing) Consulting Co. Ltd.

• 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.

• As part of the settlement, Comdisco paid the Lenders over $126 million in exchange for the Lenders’ assign- ment to the Comdisco Litigation Trustee of all rights under the Notes against De- fendants.

More Definitions of Litigation Trustee

Litigation Trustee means the trustee of the Litigation Trust, which shall be selected by the LTGO Insurer and the Retiree Committee and must be acceptable to the City.

Litigation Trustee means the Honourable J. Douglas Cunningham, Q.C. in his capacity as litigation trustee in respect of the LT Claims, as appointed pursuant to the Litigation Trustee Appointment Order, and any individual replacing Mr. Cunningham in such capacity pursuant to an Order of the Court;

Litigation Trustee means the Person to be designated by the Committee, identified at or prior to the Confirmation Hearing, and retained as of the Effective Date, as the employee or fiduciary responsible for implementing the applicable provisions of the Plan, with respect to, and administering, the Litigation Trust in accordance with the Plan and the Litigation Trust Agreement, whose powers and responsibilities will include selection of professionals for the Litigation Trust, and any successor Litigation Trustee appointed in accordance with the Litigation Trust Agreement.

Litigation Trustee means the Person, solely in its capacity as Litigation Trustee, approved prior to the Effective Date by the Bankruptcy Court to administer the Litigation Trust in accordance with the terms and provisions of Section 8.17 of the Plan and the Litigation Trust Agreement.

Litigation Trustee means the trustee of the Litigation Trust appointed under the Litigation Trust Agreement.

Litigation Trustee means the Person or Persons appointed in accordance with the Litigation Trust Agreement, to administer the Litigation Trust.

Litigation Trustee means the Entity acceptable to Debtors, the Creditors’ Committee and the Equity Committee and identified in the Plan Supplement and approved by the Bankruptcy Court pursuant to the Confirmation Order to serve as trustee of the Litigation Trust in accordance with the terms of the Plan and the Litigation Trust Agreement.