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    A liquidating trust

    A liquidating trust Distributions and Reserves. The Liquidation Trust shall be established for the primary purpose of liquidating and distributing the Trust Assets to the Beneficiaries liquiadting payment of Liquidation Trust Expenses with no objective to continue liquisating engage in the conduct of a trade or business, except to the extent reasonably necessary to, and consistent with, the liquidation purpose of the Liquidation Trust.

    The Debtor shall, on or prior to the Effective Date, execute such documents as shall be reasonably required to evidence the transfer to the Liquidation Trust or any Liquidation Trust Entity on behalf of the Beneficiaries effective as of the Effective Date in accordance with Section B.

    Liquidating trusts: a discussion of SEC reporting and registration requirements - Lexology

    A liquidating trust Multiple extensions can be obtained. The primary purpose of the Liquidation Trust is the liquidation and distribution of the Trust Assets, with no objective to continue or engage in the conduct of a trade or business, except to the extent reasonably necessary to, and consistent with, the liquidation purpose of the Liquidation Trust. In so doing, the Liquidation Trustee shall exercise its reasonable business judgment in liquidating the Trust Assets.