Liquidating SPE Debtors definition

Liquidating SPE Debtors means RGN-Los Angeles XXV, LLC, RGN-Atlanta XXXV, LLC, RGN-Columbus IV, LLC, RGN-Chicago XLIV, LLC, RGN-Portland VII, LLC, RGN-San Jose IX, LLC, RGN-New York V, LLC, and RGN-Chicago XVI, LLC. For the avoidance of doubt, in the event that the Landlord with respect to a Liquidating SPE Debtor’s Unexpired Lease objects to, or votes against, the Plan, such Liquidating SPE Debtor shall be an Excluded SPE Debtor.
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Liquidating SPE Debtors. Settlement” means the good-faith compromises and settlement subject to Bankruptcy Court approval, by and between the Liquidating SPE Debtors, through their Responsible Officer, and Regus, including in its capacity as DIP Lender, of any identified or potentially existing claims and Causes of Action of the Liquidating SPE Debtors against Regus, Regus Management Group, LLC, and Franchise International GmBH in exchange for, among other things, the Liquidating SPE Debtors’ Settlement Amount.
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Liquidating SPE Debtors. Settlement Amount” means the settlement amount to be contributed by Regus to the Liquidating SPE Debtors. For the avoidance of doubt, contribution of the Liquidating SPE Debtors’ Settlement Amount is expressly contingent on Bankruptcy Court approval of the Liquidating SPE Debtors’ Settlement, Consummation of the Plan of Reorganization, and any other applicable requirements and conditions in the Liquidating SPE Debtors’ Settlement Documents.
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Examples of Liquidating SPE Debtors in a sentence

  • Pursuant to the Liquidating SPE Debtors’ Settlement and conditioned upon its effectiveness, the DIP Lender consents to and shall receive the consideration provided for under such Liquidating SPE Debtors’ Settlement in full and final satisfaction, settlement, release, and discharge of and in exchange of its DIP Claims against the Liquidating SPE Debtors.

  • Summary of Classification for the Liquidating SPE DebtorsThe classification of Claims and Interests against the Liquidating SPE Debtors pursuant to the Plan of Liquidation is as set forth below.

  • All of the potential Classes for the Liquidating SPE Debtors are set forth herein.

  • On the Effective Date, the General Unsecured Claims against the Liquidating SPE Debtors shall be Allowed to the extent such General Unsecured Claim against Liquidating SPE Debtors was filed by the Claims Bar Date in accordance with the Bar Date Order.

  • To the extent that such General Unsecured Claim against the Liquidating SPE Debtors arises on account of damages resulting from the rejection of an Unexpired Lease, such amount shall be capped in the amount set forth in section 502(b)(6) of the Bankruptcy Code, and such Allowed amount shall only be assertable as a General Unsecured Claim against the applicable Liquidating SPE Debtor.

  • Class L3 consists of any General Unsecured Claims against the Liquidating SPE Debtors.

  • Class L4 consists of all Intercompany Claims against the Liquidating SPE Debtors.

  • On the Effective Date, all Intercompany Claims against the Liquidating SPE Debtors shall extinguished, compromised, addressed, cancelled, or settled without any distribution on account of such Claims.

  • Holders of Existing Interests in the Liquidating SPE Debtors are not entitled to vote to accept or reject the Plan.

  • For the avoidance of doubt, and notwithstanding anything to contrary in the Plan, the Confirmation Order, or any other Order of the Bankruptcy Court, all Prepetition Credit Agreement Claims against the Liquidating SPE Debtors held by the Prepetition Lender shall be Allowed in accordance with the Prepetition Lender Claim Settlement.


More Definitions of Liquidating SPE Debtors

Liquidating SPE Debtors. Settlement Documents” means, collectively, any agreements, documents, and instruments delivered or entered into in connection with the Liquidating SPE Debtors’ Settlement, and any other documents related to or executed in connection therewith.
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Liquidating SPE Debtors. Settlement Agreement” means that certain settlement agreement executed by and among the Liquidating SPE Debtors, Regus, and the Creditors’ Committee, dated as of July 1, 2021.
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Liquidating SPE Debtors. Settlement Agreement” means that certain settlement agreement executed by and among the Liquidating SPE Debtors, Regus, and the Creditors’ Committee, dated as of July 1, 2021. For the avoidance of doubt, the Liquidating SPE Debtors’ Settlement Agreement does not modify, alter, or impair any Non-Contingent Guaranty Claims any creditors of the Liquidating SPE Debtors may have against the Guarantor Debtors; provided that the defenses and rights of the Debtors and their Estates and Regus with respect thereto are fully preserved. The treatment of such Claims shall be pursuant to and in accordance with the Plan in all respects.
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Related to Liquidating SPE Debtors

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • self-liquidating paper means any draft, xxxx of exchange, acceptance or obligation which is made, drawn, negotiated or incurred by the Company for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing title to, possession of, or a lien upon, the goods, wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee simultaneously with the creation of the creditor relationship with the Company arising from the making, drawing, negotiating or incurring of the draft, xxxx of exchange, acceptance or obligation.

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Liquidating Events shall have the meaning set forth in Section 13.1.

  • Liquidating Agent has the meaning specified in Section 7.2(a).

  • Net Liquidation Proceeds After Debt Service means, with respect to any Liquidation Event, all amounts paid to or received by or on behalf of Borrower, Senior Mezzanine Borrower or Mortgage Borrower in connection with such Liquidation Event, including, without limitation, proceeds of any sale, refinancing or other disposition or liquidation, less (a) Lender’s, Senior Mezzanine Lender’s and/or Mortgage Lender’s reasonable costs incurred in connection with the recovery thereof, (b) amounts required or permitted to be deducted therefrom and amounts paid pursuant to the Mortgage Loan Documents and Senior Mezzanine Loan Documents to Mortgage Lender and/or Senior Mezzanine Lender (as applicable), (c) in the case of a foreclosure sale, disposition or Transfer of any Individual Property in connection with realization thereon following a Mortgage Loan Event of Default, such reasonable and customary costs and expenses of sale or other disposition (including attorneys’ fees and brokerage commissions), (d) in the case of a foreclosure sale, disposition or Transfer of any Senior Mezzanine Collateral in connection with realization thereon following a Senior Mezzanine Loan Default under any Senior Mezzanine Loan Documents, such reasonable and customary costs and expenses of sale or other disposition (including attorneys’ fees and brokerage commissions), (e) in the case of a foreclosure sale, such costs and expenses incurred by Mortgage Lender under the Mortgage Loan Documents as Mortgage Lender shall be entitled to receive reimbursement for under the terms of the Mortgage Loan Documents, (f) in the case of a foreclosure sale, such costs and expenses incurred by Senior Mezzanine Lender under the Senior Mezzanine Loan Documents as Senior Mezzanine Lender shall be entitled to receive reimbursement for under the terms of the Senior Mezzanine Loan Documents, (g) in the case of a refinancing of the Mortgage Loan and/ Senior Mezzanine Loan, such costs and expenses (including attorneys’ fees) of such refinancing as shall be reasonably approved by Lender, Mortgage Lender and/or Senior Mezzanine Lender, and (h) the amount of any prepayments required pursuant to the Mortgage Loan Documents, Senior Mezzanine Loan Documents and/or the Loan Documents, in connection with any such Liquidation Event.

  • Net Liquidation Proceeds With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.

  • Liquidating Event has the meaning set forth in Section 13.1 hereof.

  • Reorganized means, with respect to the Debtors, any Debtor or any successor thereto, by merger, consolidation or otherwise, on or after the Effective Date.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Creditors’ Committee means the statutory committee of unsecured creditors appointed in the Chapter 11 Cases pursuant to section 1102 of the Bankruptcy Code.

  • Administrative Expense Claim means any right to payment constituting a cost or expense of administration of the Chapter 11 Cases under sections 503(b) and 507(a)(2) of the Bankruptcy Code including, without limitation, (a) any actual and necessary costs and expenses of preserving the Estates, (b) all compensation and reimbursement of expenses to the extent Allowed by the Bankruptcy Court under section 330 or 503 of the Bankruptcy Code, (c) any fees or charges assessed against the Estates under section 1930 of chapter 123 of Title 28 of the United States Code, (d) all Claims arising under section 503(b)(9) of the Bankruptcy Code, and (e) the Prepetition Lenders Adequate Protection Claims.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Excess Liquidation Proceeds To the extent that such amount is not required by law to be paid to the related Mortgagor, the amount, if any, by which Liquidation Proceeds with respect to a Liquidated Mortgage Loan exceed the sum of (i) the Outstanding Principal Balance of such Mortgage Loan and accrued but unpaid interest at the related Mortgage Interest Rate through the last day of the month in which the related Liquidation Date occurs, plus (ii) related Liquidation Expenses.

  • Chapter 11 Plan means a plan of reorganization or liquidation filed in any of the Chapter 11 Cases under Section 1121 of the Bankruptcy Code.

  • Chapter 11 Case has the meaning set forth in the Recitals.

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) (i) claims of creditors in respect of the Subordinated Notes and (ii) the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital or CET1 Capital, including, for the avoidance of doubt, all claims in respect of Deferred Shares.

  • Unsecured Claims means claims which are not secured by any property of the Debtor’s Estate and which are not part of any other class defined in this Plan.

  • Chapter 11 Cases means (a) when used with reference to a particular Debtor, the case pending for that Debtor under chapter 11 of the Bankruptcy Code in the Bankruptcy Court and (b) when used with reference to all the Debtors, the procedurally consolidated chapter 11 cases pending for the Debtors in the Bankruptcy Court.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Liquidating Losses means any net loss realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any event of liquidation of the Partnership), including but not limited to net loss realized in connection with an adjustment to the book value of Partnership assets under Section 6.2 hereof.