Trust Advisory Committee definition

Trust Advisory Committee or "TAC" means a Trust Advisory Committee to be formed to represent all holders of Asbestos Personal Injury Claims to advise the Plan Trustee and to approve and consent to certain actions as specified herein and in the Plan Trust Agreement.

Trust Advisory Committee means the Trust Advisory Committee established pursuant to the terms of the Plan and having the powers, duties and obligations set forth in the Asbestos PI Trust Agreement.

Trust Advisory Committee means that certain trust advisory committee established pursuant to the Trust Agreement.

Examples of Trust Advisory Committee in a sentence

• As soon as is practicable after the Effective Date, the Trustees shall establish a committee (Trust Advisory Committee) which shall, in the discretion of the Trustees and to the extent that it is reasonably practicable, comprise of representatives from government, recognised trade unions, community leaders and non-governmental organisations, and any other bodies or entities which the Trustees consider may be able to contribute to the purpose for which the Trust Advisory Committee will be established.

• The Trustees shall convene meetings of the Trust Advisory Committee on a biannual basis, once within 6 (six) months before each AGM and once within 6 (six) months following each AGM, or as more frequently as the Trustees shall decide from time to time (Committee Meeting).

• Members of the Trust Advisory Committee shall be given at least 7 (seven) days’ written notice of the Committee Meeting.

• The Trust Advisory Committee acts in an advisory capacity, and has no power, express, tacit or implied, to instruct the Trustees, and nothing in this clause 22 shall be construed otherwise.

• The Trust Advisory Committee shall, at each Committee Meeting, advise, give input to, and raise concerns with, the Trustee or Trustees who is/are present at that meeting regarding matters relating to the Trust.

More Definitions of Trust Advisory Committee

Trust Advisory Committee shall be two designated representatives of the holders of the Senior Notes and their successors, if any. The initial members of the Trust Advisory Committee shall be selected by the Unofficial Committee of Senior Note Holders. If a Trust Advisory Committee member resigns, no longer owns or controls Trust Certificates or is no longer able to carry out the duties as a member, the Bankruptcy Court (upon motion by either a Trust Certificate Holder or the Trustee) shall appoint a replacement member. Any such replacement member must own one or more Trust Certificates.

Trust Advisory Committee means the Trusts advisory committee established pursuant to the terms of the Plan and the Arrowood Settlement Trust Agreement and General Settlement Trust Agreement. The initial members of the Trust Advisory Committee shall be identified in the Plan Supplement.

Trust Advisory Committee means an advisory committee consisting of Individuals, Family Members, advocates, Care Providers, case managers and Housing Providers that make recommendations to the Department about policy and procedures concerning the operation of the Community Housing Trust Account.

Trust Advisory Committee means the Trust Advisory Committee created by the Porter Hayden Bodily Injury Trust Agreement.

Trust Advisory Committee means an advisory committee consisting of individuals, family members, advocates, Care Providers, case managers and Housing Providers that make recommendations to the Department

Trust Advisory Committee means a seven person committee comprised of four representatives from the Oil and Natural Gas Exploration and Production industry, and one representative from each of the Natural Gas Storage industry, the Hydrocarbon Cavern Storage industry, and the Salt Solution Mining industry, appointed by the Trustee to fulfill responsibilities assigned to it in this Agreement;

Trust Advisory Committee means that committee appointed and serving in accordance with Article 5 of the Plan and having the powers, duties and obligations set forth in the Trust Agreement.