Common use of Limitations on Liquidating Trustee Clause in Contracts

Limitations on Liquidating Trustee. The Liquidating Trustee shall not at any time, on behalf of the Liquidating Trust or Beneficiaries, enter into or engage in any trade or business, and no part of the Assets, revenue, or income therefrom shall be used or disposed of by the Liquidating Trust in furtherance of any trade or business. The Liquidating Trustee shall not pursue, commence or settle any Cause of Action not otherwise released without the prior consent of the Post-Confirmation Oversight Committee.

Limitations on Liquidating Trustee. The Liquidating Trustee shall not at any time, on behalf of the Liquidating Trust or Beneficiaries, enter into or engage in any trade or businessbusiness inconsistent with the purpose of the Liquidating Trust, and no part of the AssetsLiquidating Trust Assets or the proceeds, revenue, or income therefrom shall be used or disposed of by the Liquidating Trust in furtherance of any trade or business. The Liquidating Trustee shall not pursue, commence or settle any Cause of Action not otherwise released without the prior consent of the Post-Confirmation Oversight Committee.