Common use of Compromise and Settlement Clause in Contracts

Compromise and Settlement. The Plan shall contain customary provisions for the compromise and settlement of claims stating that, notwithstanding anything in the Plan to the contrary, the allowance, classification and treatment of allowed claims and equity interests and their respective distributions take into account and conform to the relative priority and rights of such claims and interests.

Appears in 1 contract

Sources: Letter Agreement (Citadel Broadcasting Corp)

Compromise and Settlement. The Plan shall will contain customary provisions for the compromise and settlement of claims Claims stating that, notwithstanding anything in the Plan to the contraryexcept as provided herein, the allowance, classification and treatment of allowed claims Allowed Claims and equity interests Interests and their respective distributions take into account and conform to the relative priority and rights of such claims Claims and interestsInterests in connection with any contractual, legal and equitable subordination rights relating thereto, whether arising under general principles of equitable subordination, section 510 of the Bankruptcy Code or otherwise.

Appears in 1 contract

Sources: Restructuring Support Agreement (DITECH HOLDING Corp)

Compromise and Settlement. The Plan shall contain customary provisions for the compromise and settlement of claims stating that, notwithstanding anything in the Plan to the contrary, the allowance, classification and treatment of allowed claims and equity interests and their respective distributions take into account and conform to the relative priority and rights of such claims and interests.. Releases: The Plan will contain standard releases (including from the Holders of Claims and from the Debtors) with language substantially to the effect of the following:

Appears in 1 contract

Sources: Restructuring Support Agreement (Keystone Automotive Operations Inc)

Compromise and Settlement. The Plan shall contain customary provisions for the compromise and settlement of claims stating that, notwithstanding anything in the Plan to the contrary, the allowance, classification and treatment of allowed claims and equity interests and their respective distributions take into account and conform to the relative priority and rights of such claims and interestsinterests in connection with any contractual, legal and equitable subordination rights relating thereto, whether arising under general principles of equitable subordination, section 510 of the Bankruptcy Code or otherwise.

Appears in 1 contract

Sources: Restructuring Support Agreement (Aquilex Holdings LLC)

Compromise and Settlement. The Plan shall contain customary provisions for the compromise and settlement of claims Claims stating that, notwithstanding anything in the Plan to the contrary, the allowance, classification and treatment of allowed claims Claims and equity interests and their respective distributions take into account and conform to the relative priority and rights of such claims Claims and interestsinterests in connection with any contractual, legal and equitable subordination rights relating thereto, whether arising under general principles of equitable subordination, Section 510 of the Bankruptcy Code or otherwise.

Appears in 1 contract

Sources: Restructuring Support Agreement (Illinois Power Generating Co)

Compromise and Settlement. The Plan shall will contain customary provisions for the compromise and settlement of claims stating that, notwithstanding anything in the Plan to the contrary, the allowance, classification and treatment of allowed claims and equity interests and their respective distributions take into account and conform to the relative priority and rights of such claims and interestsinterests in connection with any contractual, legal and equitable subordination rights relating thereto, whether arising under general principles of equitable subordination, section 510 of the Bankruptcy Code or otherwise.

Appears in 1 contract

Sources: Restructuring Agreement (Halcon Resources Corp)