Common use of Immediate Binding Effect Clause in Contracts

Immediate Binding Effect. Subject to Article IX.A hereof and notwithstanding Bankruptcy Rules 3020(e), 6004(h), or 7062 or otherwise, upon the occurrence of the Effective Date, the terms of the Plan, the final versions of the documents contained in the Plan Supplement, and the Confirmation Order shall be immediately effective and enforceable and deemed binding upon the Debtors or the Reorganized Debtors, as applicable, and any and all holders of Claims or Interests (regardless of whether such Claims or Interests are deemed to have accepted or rejected the Plan), all Entities that are parties to or are subject to the settlements, compromises, releases, and injunctions described in the Plan, each Entity acquiring property under the Plan or the Confirmation Order, and any and all non-Debtor parties to Executory Contracts and Unexpired Leases with the Debtors. All Claims and debts shall be as fixed, adjusted, or compromised, as applicable, pursuant to the Plan regardless of whether any holder of a Claim or debt has voted on the Plan.

Appears in 1 contract

Samples: Ascena Retail (Ascena Retail Group, Inc.)

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Immediate Binding Effect. Subject to Article IX.A hereof hereof, and notwithstanding Bankruptcy Rules 3020(e), 6004(h), or 7062 or otherwise, upon the occurrence of the Effective Date, the terms of the PlanPlan (including, for the avoidance of doubt, the final versions of the documents and instruments contained in the Plan Supplement, and the Confirmation Order ) shall be immediately effective and enforceable and deemed binding upon the Debtors or Debtors, the Reorganized Debtors, as applicable, and any and all holders Holders of Claims or Interests (regardless irrespective of whether such Holders of Claims or Interests have, or are deemed to have have, accepted or rejected the Plan), all Entities that are parties to or are subject to the settlements, compromises, releases, discharges, and injunctions described in the Plan, each Entity acquiring property under the Plan or the Confirmation OrderPlan, and any and all non-Debtor parties to Executory Contracts and Unexpired Leases with the Debtors. All Claims and debts Interests shall be as fixed, adjusted, or compromised, as applicable, pursuant to the Plan regardless of whether any holder Holder of a Claim or debt Interest has voted on the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (Ion Geophysical Corp)

Immediate Binding Effect. Subject to Article IX.A hereof and notwithstanding Bankruptcy Rules Rule 3020(e), 6004(h), or 7062 or otherwise, upon the occurrence of the Effective Date, the terms of the Plan, the final versions of the documents contained in the Plan Supplement, and the Confirmation Order shall be immediately effective and enforceable and deemed binding upon the Debtors or the Reorganized Debtors, as applicable, and any and all holders Holders of Claims or Interests (regardless of whether the Holders of such Claims or Interests are deemed to have accepted or rejected the Plan), all Entities that are parties to or are subject to the settlements, compromises, releases, and injunctions described provided for in the Plan, each Entity acquiring property under the Plan or the Confirmation Order, and any and all non-Debtor parties to Executory Contracts and Unexpired Leases with the DebtorsLeases. All Claims and debts shall be as fixed, adjusted, or compromised, as applicable, pursuant to the Plan regardless of whether any holder Holder of a Claim or debt has voted on the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (Petroquest Energy Inc)

Immediate Binding Effect. Subject to Article IX.A hereof of the Plan and notwithstanding Bankruptcy Rules Rule 3020(e), 6004(h), or 7062 or otherwise, upon the occurrence of the Effective Date, the terms of the Plan, the final versions of the documents contained in the Plan Supplement, and the Confirmation Order shall be immediately effective and enforceable and deemed binding upon the Debtors or the Reorganized Debtors, as applicable, and any and all holders Holders of Claims or Interests (regardless of whether the Holders of such Claims or Interests are deemed to have accepted or rejected the Plan), all Entities that are parties to or are subject to the settlements, compromises, releases, and injunctions described provided for in the Plan, each Entity acquiring property under the Plan or the Confirmation Order, and any and all non-Debtor parties to Executory Contracts and Unexpired Leases with the DebtorsLeases. All Claims and debts shall be as fixed, adjusted, or compromised, as applicable, pursuant to the Plan regardless of whether any holder Holder of a Claim or debt has voted on the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (Petroquest Energy Inc)

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Immediate Binding Effect. Subject to Article IX.A hereof hereof, and notwithstanding Bankruptcy Rules 3020(e), 6004(h), or 7062 or otherwise, upon the occurrence of the Effective Date, the terms of this Plan (including, for the Planavoidance of doubt, the final versions of the documents and instruments contained in the Plan Supplement, and the Confirmation Order ) shall be immediately effective and enforceable and deemed binding upon the Debtors or the Debtors, Reorganized Debtors, as applicable, and any and all holders Holders of Claims or Equity Interests (regardless irrespective of whether such Holders of Claims or Equity Interests are deemed to have accepted or rejected the this Plan), all Entities that are parties to or are subject to the settlements, compromises, releases, discharges, and injunctions described in the this Plan, each Entity acquiring property under the Plan or the Confirmation Orderthis Plan, and any and all non-Debtor parties to Executory Contracts and Unexpired Leases with the Debtors. All Claims and debts or Equity Interests shall be as fixed, adjusted, or compromised, as applicable, pursuant to the this Plan regardless of whether any holder Holder of a Claim or debt Equity Interest has voted on the this Plan.. B.

Appears in 1 contract

Samples: Appgate, Inc.

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