Settlement Trust definition

Settlement Trust means the trust organized under the laws of the state of Delaware and established under Article IV and the Settlement Trust Agreement for the purposes set forth therein, including assuming liability for all Abuse Claims, holding, preserving, maximizing, and administering the Settlement Trust Assets, and directing the processing, liquidation and payment of all compensable Abuse Claims in accordance with the Settlement Trust Documents.

Settlement Trust means the escrow account established pursuant to the Settlement Agreement.

Settlement Trust means the liquidating trust or trusts that may be created under the Plan in respect of the Debtors and governed by the Settlement Trust Agreement.

Examples of Settlement Trust in a sentence

• Te Ākitai Waiohua, Te Ākitai Waiohua Iwi Settlement Trust and the Crown signed a deed of settlement on 12 November 2021.

• Any funds remaining in the BAP Fund at the conclusion of the five-year period for the provision of BAP Supplemental Benefits, as set forth in Sections 5.5 and 5.11, shall be transferred to the Settlement Trust for transfer by the Trustee into the Monetary Award Fund.

• The approval of the shareholders of the corporation in the form of a resolution shall be required to convey all or substantially all of the assets of the corporation to a Settlement Trust.

• A Native Corporation may convey assets (including stock or beneficial interests therein) to a Settlement Trust in accordance with the laws of the State (except to the extent that such laws are inconsistent with this section and sec- tion 1629b of this title).

• No transferee Settlement Trust shall make a distribution or conveyance of assets (including cash, stock, or beneficial interests) that would render it unable to satisfy a claim made pursu- ant to paragraph (1), (2), or (3).

More Definitions of Settlement Trust

Settlement Trust means a trust—

Settlement Trust means the national tobacco grower settlement trust established between tobacco companies and states with tobacco growers and tobacco quota owners in accordance with the master settlement agreement between certain tobacco companies and states' attorneys general dated November 23, 1998;

Settlement Trust means $2,770,000 less Legal Fees, less any other expenses and amounts authorized by the court in the Approval Order or by this Agreement.

Settlement Trust means $1,000,000 (One Million dollars) less Legal Fees, less any other expenses and amounts authorized by the court in the Approval Order or by this Agreement.

Settlement Trust means a trust established in accordance with the terms of the Settlement Trust Order.

Settlement Trust means the interest-bearing trust account at a Canadian Schedule 1 bank in Ontario initially under the control of Siskinds, until such time as the Settlement Approval Order is entered, following which it shall be transferred to the Administrator appointed pursuant to the Notice Approval Order;

Settlement Trust means a trust which con-