Seite 12 Nummer 24
...März 2021... ganz am schluss
Liquidating Trust Agreement,
§§6.2 (iii) and (vi).
24. Pursuant to Section 27.14(d) of the Plan and Section 3.2 of the Liquidating Trust
Agreement, the term of the Trust was for three (3) years subject to the right to extend such term
for an additional three (3) years upon motion and entry of an order of the Bankruptcy Court. By
order, dated January 23, 2015 [Dkt. No. 11960], such initial term was extended until March,
2018. However, due to the ongoing nature of the claims reconciliation process and outstanding
litigation, including extensive employee claims litigation, on November 21, 2017, WMILT
subsequently obtained a favorable private letter ruling from the IRS, and a corresponding order
of the Bankruptcy Court, dated December 20, 2017 [Dkt. No. 12444], confirming that the
extension of the term of the Trust until March, 2021 would not disqualify the Trust from
liquidating trust status.