Examples of Third-Party Release in a sentence
The record of the Confirmation Hearing and the Chapter 11 Cases is sufficient to support the Settlement Party Release, Third-Party Release, exculpation and injunction provisions contained in Article VIII of the Joint Plan.
The injunction provision set forth in Article VIII.F of the Joint Plan is essential to the Joint Plan and is necessary to preserve and enforce the Settlement PartyRelease, the Third-Party Release and the Joint Plan and is narrowly tailored to achieve that purpose.
As provided in Article VIII.C of the Joint Plan, as of the Effective Date, the Third-Party Release in the Joint Plan is approved in light of the findings of fact and conclusions of law set forth herein; provided, however, that nothing in this paragraph shall preclude the SEC from exercising its statutory duties against any Person in any forum.
There is an identity of interests between the Debtors and the entities that will benefit from the Third-Party Release.
The Third-Party Release is instrumental to the Plan and was critical in incentivizing the Released Parties to support the Plan and preventing potentially significant and time-consuming litigation regarding the parties’ respective rights and interests.