Retained Causes of Action definition

Retained Causes of Action means any Cause of Action other than any Cause of Action that (i) is expressly subject to the release and exculpation provisions of this Plan or
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Retained Causes of Action means those Causes of Action that shall vest in the Reorganized Debtors on the Effective Date, which, for the avoidance of doubt, shall not include any of the Causes of Action that are settled, released or exculpated under the Plan.
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Retained Causes of Action means the actual and potential causes of action that the Reorganized Debtors shall retain under the Plan, on and after the Effective Date, on behalf of the Debtors, to commence and pursue, as appropriate, in any court or other tribunal including in an adversary proceeding filed in one or more of the Chapter 11 Cases, whether such causes of action accrued before or after the Petition Date and whether such causes of action are known or unknown as of any date of determination, including, but not limited to, the actions listed in Exhibit F in the Exhibit Book, but specifically excluding the GST Recovery Actions and the claims and causes of action settled and released in Section 8.4.
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Examples of Retained Causes of Action in a sentence

  • Proceeds recovered from all Retained Causes of Action will be deposited into a bank account maintained by the Liquidating Trust and will be distributed by the Liquidating Trustee to the Beneficiaries in accordance with the provisions of the Controlling Documents.

  • Within thirty (30) days after the last day of each calendar quarter in which the Liquidating Trust shall remain in existence, the Liquidating Trustee shall file a report with the Bankruptcy Court of the administration of property subject to its ownership and control pursuant to the Plan, receipts, Distributions made by it, an update regarding the status of the Retained Causes of Action being prosecuted by the Liquidating Trust, and a summary of all major activities during the period.

  • The Liquidating Trustee shall forever hold strictly confidential and not use for personal gain any material, non-public information of, or pertaining to, any Entity to which any of the Liquidating Trust Assets, including Retained Causes of Action, relates, or which he or she has become aware of in his or her capacity as Liquidating Trustee.

  • Subject to the Controlling Documents, and upon consulting with the Liquidating Trust Advisory Board, on and after the Effective Date, the Liquidating Trustee may hire legal counsel, obtain litigation funding, and pursue Retained Causes of Action.

  • All Retained Causes of Action that are not expressly released or waived under the Plan are reserved and preserved, transferred to and vest in the Liquidating Trust in accordance with the Controlling Documents.


More Definitions of Retained Causes of Action

Retained Causes of Action means all claims, obligations, suits, judgments, damages, demands, debts, rights, causes of action and liabilities, arising on, prior to or after the Petition Date, whether liquidated or unliquidated, fixed or contingent, matured or unmatured, known or unknown, foreseen or unforeseen, existing or hereafter arising in law, equity or otherwise, including Avoidance Actions, asserted, or which may be asserted, by or on behalf of any of the Debtors or the Estates, based in law or equity, including, without limitation, whether asserted or unasserted as of the Effective Date, that are retained by the Reorganized Debtors; which for the avoidance of doubt shall not include any Avoidance Action released pursuant to the Avoidance Action Release or any claims, obligations, suits, judgments, damages, demands, debts, rights, causes of action or liabilities against any Released Party.
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Retained Causes of Action means the Causes of Action listed on the Schedule of Retained Causes of Action.
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Retained Causes of Action means the list of Causes of Action retained in connection with the Plan, to be included in the Plan Supplement.
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Retained Causes of Action means the actual and potential causes of action that the Reorganized Debtors shall retain, on and after the Effective Date, on behalf of the Debtors, to commence and pursue, as appropriate, in any court or other tribunal including, without limitation, in an adversary proceeding filed in one or more of the Chapter 11 Cases, whether such causes of action accrued before or after the Petition Date, including, without limitation, any actions that may be listed in the Exhibit Book or Exhibit Book Supplement.
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Retained Causes of Action means any Causes of Action that are set forth on the Schedule of Retained Causes of Action to be retained by the Debtors or the Reorganized Debtors, as applicable, and prosecuted on behalf of the Debtors or the Reorganized Debtors, as applicable.
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Retained Causes of Action means all claims and Causes of Action of the Debtors identified in the Plan Supplement.
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Retained Causes of Action means those certain Causes of Action of the Debtors that are not released, waived, or transferred pursuant to the Plan, to be included in the Plan Supplement.
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