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GENERAL36743
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Last modified
8/24/2016 7:57:09 PM
Creation date
11/23/2007 8:51:39 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1978222UG
IBM Index Class Name
General Documents
Doc Date
7/1/1997
Doc Name
MODIFICATION TO MODIFIED FIRST AMENDED PLAN OF REORGANIZATION FOR JOINTLY ADMINISTERED DEBORTS
Media Type
D
Archive
No
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<br />o carry out the intentions and purposes. and to eive full effect to the provisions, <br />of the Plan and this Trust Agreement. - <br />ARTICLE V. <br />THE LIQUIDATING TRUSTEE <br />5.1 General Indemni5cation. The Liquidating Trust shall indemnify and hold <br />harmless any person psi~n or entity ~ who wasp or ist a patty or is threatened to be made <br />a parry to any pending or contemplated action, suit or proceeding, whether civil, criminal, <br />administrative or investigative, by reason of the fact that such person Person or entity Eptj is <br />or was the Liquidating Trustee or a member of the Oversight Committee, or an agent, attorney, <br />accountant or other professionals professional for the Liquidating Trustee or the Oversight <br />Committee, against all costs, expenses, jndgment , fines and amounts paid in settlement <br />actually and reasonably incurred by such entity in connection with such action, suit or proceeding, <br />or the defense or settlement thereof of any claim, issue or matter therein, to the fullest extent, <br />except to the extent attributable to willful misconduct or gross negligence. Costs or expenses <br />incurred by any such entity in defending any such action, suit or proceeding may be paid by the <br />Liquidating Ttvst in advance of the institution or final disposition of such action, suit or <br />proceeding, if authorized by the Liquidating Trustee and the Oversight Committee. The <br />Liquidating Tnustee may in his discretion purchase and maintain iaturance on behalf of any petsott <br />Person or etttitp EII ' who is or was a beneficiary of this provision. <br />5.2 No Recourse. b3e Except as provided ie the Plan and this Trust Agreement. <br />pQ recourse shall ever be had, directly or indirectly, against the Liquidating Trustee personally, <br />or against any agent, attorney, accountant or other professional for the Liquidating Trustee, by <br />legal or equitable proceedings, or by virtue of any statute or otherwise, nor upon any promise, <br />coturact, instrument, undertaking, obligation, covenant or agreement whatsoever executed by the <br />Liquidating Trustee under the Plan, this Trust Agreement, or by reason of the creation of any <br />indebtedness by the Liquidating Ttvstee under the Plan or this Trust Agreement for any purpose <br />authorized by the Plan or this Trust Agreement, it being expressly understood and agreed that all <br />such liabilities, covenants, and agreements shall be enforceable only against and be satisfied only <br />out of the Assets or such part thereof; as shall under the terms of any such agreement; be liable <br />therefor, or shall be evidence only of a right of payment out of the Assets. <br />5.3 Limited Liability. The Liquidating Trustee shall not be liable for any act he tray <br />do or omit to do while acting in good faith in the exercise of his best judgment, and the fact that <br />such act or omission was advised by an authorized attorney for the Liquidating Trustee, shall be <br />~6 <br />DN 957]6.1 11680 00707 ICamperiaen of Documence DN57951.2 [o DNSJ451. 11 <br />6/2S/97 9:55 am a <br />
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