Additional Powers. Except as otherwise set forth in this Trust Agreement or in the Plan or the Schemes, and subject to the Treasury Regulations governing liquidating trusts and the retained jurisdiction of the Court as provided for in the Plan, but without prior or further authorization, the Liquidating Trustee may control and exercise authority over the Liquidating Trust Assets and over the protection, conservation and disposition thereof. No Person dealing with the Liquidating Trust shall be obligated to inquire into the authority of the Liquidating Trustee in connection with the protection, conservation or disposition of the Liquidating Trust Assets.
Appears in 2 contracts
Samples: Liquidating Trust Agreement (Global Crossing LTD), Liquidating Trust Agreement (Global Crossing LTD)
Additional Powers. Except as otherwise set forth in this Trust Agreement or in the Plan or the SchemesPlan, and subject to the Treasury Regulations governing liquidating trusts and the retained jurisdiction of the Delaware Chancery Court as provided for in the Plan, but without prior or further authorization, the Liquidating Trustee may control and exercise authority over the Liquidating Trust Assets and over the protection, conservation and disposition thereof. No Person dealing with the Liquidating Trust shall be obligated to inquire into the authority of the Liquidating Trustee in connection with the protection, conservation or disposition of the Liquidating Trust Assets.
Appears in 1 contract
Samples: Liquidating Trust Agreement (High Speed Access Corp)
Additional Powers. Except as otherwise set forth in this Trust Agreement or in the Plan or the SchemesPlan, and subject to the Treasury Regulations governing liquidating trusts and the retained jurisdiction of the Court as provided for in the Plan, but without prior or further authorization, the Liquidating Trustee Trustees may control and exercise authority over the Liquidating Trust Assets and over the protection, conservation and disposition thereof. No Person dealing with the Liquidating Trust shall be obligated to inquire into the authority of the Liquidating Trustee Trustees in connection with the protection, conservation or disposition of the Liquidating Trust Assets.
Appears in 1 contract
Samples: Liquidating Trust Agreement (SMTA Liquidating Trust)
Additional Powers. Except as otherwise set forth in this Liquidating Trust Agreement or in the Plan or the SchemesPlan, and subject to the Treasury Regulations governing liquidating trusts and the retained jurisdiction of the Bankruptcy Court as provided for in the Plan, but without prior or further authorization, the Liquidating Trustee may control and exercise authority over the Liquidating Trust Assets and over the protection, conservation and disposition thereof. No Person person dealing with the Liquidating Trust shall be obligated to inquire into the authority of the Liquidating Trustee in connection with the protection, conservation or disposition of the Liquidating Trust Assets.
Appears in 1 contract
Samples: Liquidating Trust Agreement