_GENERAL DOCUMENTS - C1981017 ‎(179)‎

• Permit No: C1981017
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Name: Bid Documents ‎(IMP)‎ Court Appeals
• Permit Index Doc Type: General Correspondence
• Media Type: D
• Archive: No

LaGiglia was appointed by Sanwa or by the Official
Unsecured Creditors ' Committee.
(vi) The Creditors ' Representatives shall be
entitled to reimbursement of actual and reasonable
expenses but otherwise shall serve without
compensation.
(vii) The Creditors ' Trustee, with the approval of
the Creditors ' Representatives, may engage legal,
accounting, or other services necessary to the
performance of the Creditors ' Trustee 's
administration of the Creditors ' Trust.
(viii) The Creditors ' Trustee shall report in
writing to the Creditors ' Representatives quarterly
regarding the Creditors ' Trustee 's activities, or
more often to the extent requested by either
Creditc-),s ' 1,6cpresentative .
( ix) In the event of resignation of the Creditors '
Trustee or a Creditors ' Representative, a successor
shall be selected in the same manner as set forth
above.
6 . 2 . 4 Exculpation. Neither the Creditors ' Trustee nor
either of the Creditors ' Representatives shall be
personally liable to the Creditors ' Trust, to the holder
of an Allowed Claim, or to the Debtor or its corporate
affiliates, arising out of any act or omission as
Creditors ' Trustee or Creditors ' Representative, except
for such acts or emissions as shall constitute
misfeasance, gross negligence, or willful disregard of
duties. Except for such acts or omissions, the Trustee
and the Creditors ' Representatives shall, from time to
and indemnified by the
Creditor:-, ' ':'runt ac:ainst an,. loss, expense, or liability
which they may :suffer. Neither the Creditors ' Trustee
nor the Poprosontat ives shall be required to
give any bond 01- surety for the performance of their
duties and, if so otherwise ordered, shall be entitled to
be reimbursed for the cost of such bond or surety from
the Creditors Trust.
6 . 2 . 5 Liquidation of Assets . The property held by the
Creditors ' Trust or under power of attorney may be sold
by the Creditors ' Trustee without further order of the
Court, but sale of any single item of real or personal
property for a price 1n excess of $100 , 000 shall not be
made without the express written consent of both Creditor
Representatives. Notwithstanding the foregoing, sales of
equipment shall continue to be governed by the procedures
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