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<br />necessa_r•+ to rarrv out the intentions and purposes and to give full effeM to thg provisions. <br />of the Plan and this Trust Aslreement. - <br />41$ <br />including but not Lmited to the feline of all tax returns and other filing with governmental <br />authorities on behalf of the Estates for time periods ending on or before the F'~ral Tax Dav. <br />the feline of determination requests under Section SOSfb) of the Bankruot~~ <br />responding to anv tar audits of the Esr_ates. <br />ARTICLE V. <br />THE LIQUIDATING TRUSTEE <br />5.1 General Indemnification. The Liquidating Trust shall indemnify and hold <br />harmless any person ~n or entity E • Y who avast or is~ a patry~ or is threatened to be made <br />a parry to any pending or contemplated action, suit or proceeding, whether t:evil, criminal, <br />administrative or investigative, by reason of the fact that such person Perso° or etttity ~ is <br />or was the Liquidating Trustee or a member of the Oversight Committee, or an agent, attorney, <br />accountant or other professiorrats .ofd' for the Liquidating Trustee or the Oversight <br />Committee, against all costs, expenses, jrteigrrretrt 'p ,ptF, 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 tht: 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 Trust in advance of the institution or final disposition of such action, suit or <br />proceeding, if authorized by the Liquidating Trustee gad the Oversight Committee. The <br />Liquidating Trustee may in his discretion purchase and maintain insurance on behalf of any person <br />Person or emery EIItI~'t who is or was a beneficiary of this provision. <br />5.2 No Recourse. i~Fo Except ac_ provided in 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 agen[, attorney, accountan[ or other professional for the Liquidating Tnutee, by <br />legal or equitable proceedings, or by venue of any statute or otherwise, nor upon any promise, <br />contract, instrument, turdertaking, obligation, covetrant 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 Trustee 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, arrd agreements shall be enforceable only against and tie 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 azty act he may <br />do or omit to do while acting in good faith in the exercise of his best judgment, surd the fact that <br />such act or omission was advised by an authorized attorney for the Liquidating Trustee, shall be <br />~~ <br />DK 95776.1 17680 00707 (COmperisen of Documents DNS145.1.1 co DN5J451.1) <br />6/2S/97 9:55 am E <br />