Laserfiche WebLink
M i ~~ <br /> <br /> ~ <br /> , , <br /> <br />4:6~iepgrtittg 4.7 Statements. The Liquidating Trustee shall deliver each member of the <br />Oversight Committee a statement within ten (10) Business Days after the end of each calendar <br />quarter showing (i) all receipts and disbursements of the Liquidating Trust (including each of the <br />Reserves) during such quarter, and (ii) the amount of (A) Available Cash and (B) each of the <br />Reserves, in each case at the beginning and end of such quaver, such statement to be certified by <br />the Liquidating Trustee as being true and accurate in all material respecu. To the extent practical, <br />the stamnettt statements shall provide separate information for each Trust Fund. <br />d-~ 4 $ Tax Returns. <br />l.~l The Liquidating Trustee shall file all tax returns and other cgs f~i[tg <br />with governmental authorities on behalf of the Liquidating Trust and the <br />i~csSet3 accetc it holds, including tax re[utn5 for the Liquidating Trust a5 a <br />grantor trust pursuant to Section 1.671-4(a) of the Ugited States Income <br />Tax Regulations. a L.iguidatine Trustee shall nrovide suc <br />tnerr senarate tax returns ana wrtnnotg ana gav over anv amounts <br />required by tax law. <br />4.9 4.13 Engagement of Professionals. The Liquidating Trustee shall obtain the <br />approval of the Oversight Committee prior to retention and engagement of any professional. The <br />fees and expenses of such prvfessior>2t1 professionals shall be paid from the Operating Reserve as <br />provided in the Plan. <br />#.9 4 LQ Establishment of Reserves. The Liquidating Trustee shall establish, on the <br />Effective Date of the Plan, or as soon thereafter as is praeticaf ' ~je, out of the Effective <br />Date Cash, the Operating Reserve, the Professional Fee Application Reserve, and the Disputed <br />Senior Claims Reserve in accordance with and pursuant to the terms of the Plan. ~ <br />Liguidatine Trustee may also establish the Enerev Fuels Subsidiary Creditor Reserve <br />pursuant to and in accordance with the Plan. <br />4.11 4:i6 Withholding Taxes. The Liquidating Trustee shall be entitled to deduct <br />any federal or state withholding taxes from any payments made with respect to Allowed Claims, <br />as appropriate, and shall otherwise comply with Section 346 of the Bankruptcy Code. <br />DN 95776.: :1680 DG707 ~COIIIpCrllOn o` Documenca DN57<Sy.I co DN57951.1~ <br />6/25/97 9:55 am U <br />