Trust Settlement definition
Examples of Trust Settlement in a sentence
Under the Bankruptcy Settlement and Chapter 11 Plan, $7,295,000 has been allocated to the Debtors for the benefit of the estate and for distribution to unsecured creditors (“Liquidation Trust Settlement Payment” or “Liquidation Trust”).
BitGo Prime has built its Trading System to integrate with BitGo Trust Settlement Services.
All Transactions shall utilize and be settled through the BitGo Trust Settlement Services.
As prerequisite for the BitGo Trust Settlement Services, Counterparty must have sufficient funds or Digital Assets prior to completing the Transaction.
In consideration for the Settlement, all Individual Plaintiffs expressly disclaim any interest in the Liquidation Trust Settlement Payment in connection with their Sexual Misconduct Claims, provided, however, Individual Plaintiffs who possess Non-SMC Claims may seek recovery for such Claims from the Liquidation Trust.
The Environmental Settlement Agreements, Custodial Trust Agreements and Custodial Trust Settlement Agreements, and, in each case, all ancillary agreements thereto (including the sale/leaseback and access agreements between the Debtors and the applicable Custodial Trust relating to the ▇▇▇▇▇▇▇▇▇, Nevada plant) shall have been entered into, shall be in form and substance reasonably satisfactory to the Company and the Required Backstop Parties.
The relevant Governmental Environmental Entity and the Debtors will file any necessary pleading with the applicable district court seeking to modify the applicable Consent Decree or related document, if any, to conform to any applicable Custodial Trust Settlement Agreements and remove such Debtor as a party to the Consent Decree after the Effective Date.
The Litigation Trustee shall (a) pursue the Anadarko Litigation and (b) distribute any recovery as a result thereof (the “Litigation Proceeds”) as follows: (i) 88% to the Governmental Environmental Entities in accordance with the Custodial Trust Settlement Agreements and Environmental Settlement Agreements, and (ii) 12% to the holders of Tort Claims, by delivery to the Tort Claims Trust.
The ISTA Insurance Trust Settlement money will also be used to pay the increase health insurance cost due to new teaching positions in school year 2014-2015 for calendar year 2015.
Any capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the RMBS Trust Settlement Agreement.