Common use of Safekeeping of Liquidating Trust Assets Clause in Contracts

Safekeeping of Liquidating Trust Assets. All moneys and assets received by the Liquidating Trust shall, until distributed or paid in accordance with the Plan, the Confirmation Order and this Agreement, be held in trust for the benefit of the Beneficiaries. However, such moneys and assets need not be segregated from other Liquidating Trust Assets unless required by law, the Plan, the Confirmation Order or this Agreement.

Safekeeping of Liquidating Trust Assets. All moneys and assets received by the Liquidating Trust Assets shall, until distributed or paid in accordance with the Planover pursuant to this Agreement, the Combined Disclosure Statement and Plan or the Confirmation Order and this AgreementOrder, be held in trust for the benefit of the Beneficiaries. However, such moneys and assets need not be segregated from other Liquidating Trust Assets unless required by lawBeneficiaries in accordance with this Agreement, the Plan, Combined Disclosure Statement and Plan or the Confirmation Order Order. The Liquidating Trustee shall be under no liability for interest or this Agreementproducing income on any moneys received by it herein and held for distribution or payment to the Beneficiaries, except as such interest or income shall actually be received by the Liquidating Trustee.