Examples of Post-Effective Date Assets in a sentence
Notwithstanding the foregoing, for purposes of Bankruptcy Code section 553, any transfer of the Post-Effective Date Assets shall not affect the mutuality of obligations that otherwise may have existed prior to the effectuation of such transfer.
In connection with any transfer of the Post-Effective Date Assets, any attorney-client privilege, work-product privilege or other privilege or immunity attaching to any documents or communications (whether written or oral) transferred shall vest in the applicable owner and its representatives, and the Debtors and the Reclamation Trust Entity Representative are directed to take all necessary actions, if any, to effectuate the transfer of such privileges.
Post-Effective Date Assets On and after the Effective Date, the Trustees may dispose of the assets of their respective Trusts free of any restrictions of the Bankruptcy Code, but in accordance with the provisions of the Plan and the applicable Trust Agreement.
All Post-Effective Date Assets shall be retained by the Debtor except as set forth herein.
The tax book value of the Post-Effective Date Assets for the purpose of this paragraph shall equal their fair market value on the Effective Date, adjusted in accordance with tax accounting principles prescribed by the Tax Code, the applicable Treasury Regulations and other applicable administrative and judicial authorities and pronouncements.
The Reclamation Trust Entity Representative, or any other legal representative of the Reclamation Trust Entity, shall not distribute the Post-Effective Date Assets or proceeds thereof without having first obtained all certificates required to have been obtained under applicable non-United States law relating to Taxes.
Upon the transfer by the Debtors of the Post-Effective Date Assets (including the Initial Wind Down Funding Amount) to the Wind Down Entity, the Debtors will have no reversionary or further interest in or with respect to the Post-Effective Date Assets or the Wind Down Entity.
The Reclamation Trust Entity Representative shall be responsible for payment, out of the proceeds from or generated by the Post-Effective Date Assets, of any Taxes imposed on the Reclamation Trust Entity or the Reclamation Trust Assets, including the Disputed Claims Reserve and the Allowed Claims Reserve.
A summarized accounting in sufficient detail of all gains, losses, receipts, disbursements and other transactions in connection with Lighthouse Reclamation Trust and the Post-Effective Date Assets during the Reclamation Trust Entity Representative’s term of service, including their source and nature.
Nothing in this Section shall affect the right of a Holder in whose name any Security is registered at the close of business on a Regular Record Date to receive the interest payable on such Security on the related Interest Payment Date in accordance with the terms of this Indenture and the Securities.