Examples of Chapter 11 Plan in a sentence
From and after the Closing Date until the earlier of (x) sixty (60) days following Closing or (y) ten (10) days prior to the hearing to confirm or confirmation of, a Chapter 11 Plan for Seller Parties, the Seller Parties and Buyer may (but shall have no obligation to) mutually agree to seek authorization from the Bankruptcy Court pursuant to section 365 of the Bankruptcy Code to assume and assign a Contract that was not identified as an Assumed Contract as of Closing.
Upon a Final Order determining any Cure Costs regarding any Disputed Contract after the Closing (and prior to the earlier of date that is six (6) months following the Closing Date or confirmation of a Chapter 11 Plan for the Seller Parties), Buyer shall have the option to (x) pay the Cure Cost with respect to such Disputed Contract and assume the Disputed Contract as a Transferred Contract or (y) designate the Disputed Contract as an Excluded Contract and shall not be responsible for the Cure Cost.
The representations and warranties of the parties set forth in this Agreement shall survive and continue to be in full force and effect following the Closing until the confirmation of the Chapter 11 Plan by the Bankruptcy Court.
Notwithstanding paragraph 6.01 of this Agreement, this representation and warranty shall survive closing and confirmation of a Chapter 11 Plan.