Sunday, July 09, 2017 10:17:15 AM
... There are those few' that, for whatever reason, just disregarded, and did not understand the ongoing "dual tracking" litigation and the importance of the legal process continuing in Judge Collyer's Court in D.C., ... which obviously wasn't quite over yet, back on March 19th, 2012, at the WMI / WMIIC Approved Plan 7 Reorganization' Implementation Date' ...
However, ... Now ? ... Thankfully', That Additional' Litigation Time Needed, Has Passed' for us all' and the "Settlement" between "the Parties" has been completed' ...
Now' that we' have been able to review, the documents as submitted' ... it is time to look forward and acknowledge what the "Court Approval" means' ... (Judge Collyer wrote her opinion on June 17th, 2015 ... She' allowed for "The Stay" on the process, ... She' did not make a defining ruling,) ...
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Turning the Page', to what is truly important to those of us that released (41.6) to obtain our Plan 7 WMI / WMIIC Reorganization, Class Participation designated WMI / WMIIC "estate ownership" tracking markers' ...
the, 08/19/2016, "The Settlement"
https://www.fdic.gov/bank/individual/failed/wamu_dbntc_jpmc_fdic_settlement.pdf
1.03. "Final Allocation Approval"
means a final and non-appealable judgment (including the expiration of any time to apply for discretionary review) entered by the Approval Court (as defmed herein) approving the Trustee's proposed allocation among the Trusts (and if sought by the Trustee, of the Trustee's or any other calculation agent's proposed allocation among classes of securities related to any Trust) of amounts to be received by the Trustee pursuant to this Settlement, or such other allocation as the Approval Court may determine to be appropriate.
1.04. "Final Court Approval"
means a final and non-appealable judgment (including the expiration of any time to apply for discretionary review) entered by the Approval Court (as defined herein)
(i) determining that the Trustee acted reasonably and in good faith within the bounds of its discretion in entering into the Settlement,
(ii) finding that Investors received legally sufficient notice of the Approval Proceeding (as defmed below) and an opportunity to object,
(iii) barring any Investors from asserting claims against the Trustee based upon its prosecution of the Action and entry into the Settlement, and (iv) declaring that the Settlement Agreement and the Trustee-JPMorgan Agreement is binding on the Trusts; provided, however, that the Trustee may in its discretion waive or agree to variances in sub-palis (i) and (iii).
2.01. Effective Date.
Article III of this Settlement Agreement (other than Section 3.10) will be effective upon and only upon Final Court Approval having been secured prior to termination of this Settlement Agreement as provided for in Section 2.03.
2.02. Trustee Judicial Approval Proceeding.
(a) The Trustee undertakes to use its reasonable best efforts to seek Final Court Approval promptly through a judicial instruction proceeding ("Judicial Approval Proceeding") in California Superior Court, Orange County (the "Approval Court'}
APPROVAL ORDER GRANTING VERIFIED PETITION OF DEUTSCHE BANK NATIONAL TRUST COMPANY AS TRUSTEE FOR THEIR TRUSTS LISTED AS EXHIBITS 1-A AND 1-B, FOR INSTRUCTIONS REGARDING THE INTERNAL AFFAIRS OF THE TRUSTS
Hearing Date: June 16, 2017
Hearing Time: 9:00 a.m.
Department: CX102
http://www.globic.com/wamurmbssettlement/pdfs/Wamu%2016-00892014%20Approval%20Order.pdf
Signed: June 30,2017
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So, it appears to me that, ... as listed' ...
The Approval Court, ... Is' ... The California Superior Court (Judge Claster Presiding)
and the "time to apply for discretionary review", ... ended on June 30, 2017 with his signature in Approval' ...
And Again, ... Back to the importance of this July 5th, 2017 Document' ... as this Threads, beginning discussion topic'
... This Is Important, ... 07/05/2017'
http://www.globic.com/wamurmbssettlement/pdfs/WaMu%20Notice%20to%20Holders_7.5.2017.pdf
AZ
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