Common use of Termination of Litigation Trust Clause in Contracts

Termination of Litigation Trust. The Trustee shall be discharged and the Litigation Trust shall be terminated, at such time as (i) all of the Trust Assets have been liquidated, (ii) all duties and obligations of the Trustee hereunder have been fulfilled, and (iii) all distributions required to be made by the Trustee under the Plan and this Agreement have been made; provided, however, that in no event shall the Litigation Trust be terminated later than the term of the Litigation Trust under Section 9.2 of this Agreement, as such term may be extended pursuant to Section 9.2.

Appears in 2 contracts

Sources: Litigation Trust Agreement (Seventy Seven Energy Inc.), Litigation Trust Agreement