Common use of Confirmation of Plan Clause in Contracts

Confirmation of Plan. To the knowledge of the officers of the Company, the Company has not taken any action, or failed to take any action, which might prevent, materially impede or delay or result in the revocation of (i) the confirmation of the Plan (as provided in Section 1144 of the Bankruptcy Code), (ii) a full and complete discharge (to the fullest extent possible under Section 1141(d) of the Bankruptcy Code) of the debts of the Company intended to be discharged under the Plan, and (iii) the vesting upon the entry of the Confirmation Order of the property of the Company in the reorganized Company free and clear of all claims and interests of creditors and equity security holders except as otherwise provided in the Plan.

Appears in 3 contracts

Samples: Restructuring Agreement (Lg Electronics Inc /Fi), Restructuring Agreement (Zenith Electronics Corp), Restructuring Agreement (Lg Electronics Inc /Fi)

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Confirmation of Plan. To the knowledge of the officers of the -------------------- Company, the Company has not taken any action, or failed to take any action, which might prevent, materially impede or delay or result in the revocation of (i) the confirmation of the Plan (as provided in Section 1144 of the Bankruptcy - Code), (ii) a full and complete discharge (to the fullest extent possible under -- Section 1141(d) of the Bankruptcy Code) of the debts of the Company intended to be discharged under the Plan, and (iii) the vesting upon the entry of the --- Confirmation Order of the property of the Company in the reorganized Company free and clear of all claims and interests of creditors and equity security holders except as otherwise provided in the Plan.

Appears in 1 contract

Samples: Restructuring Agreement (Zenith Electronics Corp)

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