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 (including, for the avoidance of doubt, the documents contained in the Plan Supplement) shall be immediately effective and enforceable and deemed binding upon the Debtors, the Reorganized Debtors, any and all Holders of Claims against or Interests in the Debtors (irrespective of whether such Holders have, or are deemed to have accepted 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, and any and all non-Debtor parties to Executory Contracts and Unexpired Leases with the Debtors. All Claims and Interests shall be as fixed, adjusted, or compromised, as applicable, pursuant to the Plan regardless of whether any Holder of a Claim or Interest has voted on the Plan.

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 this Plan and the Plan (including, for the avoidance final versions of doubt, the documents contained in the Plan Supplement) Supplement shall be immediately effective and enforceable and deemed binding upon the Debtors, the Reorganized Debtors, any and all Holders of Claims against or Interests in the Debtors (irrespective regardless of whether such Holders have, their Claims or Interests are deemed to have accepted the or rejected this Plan), all Entities that are parties to or are subject to the settlements, compromises, releases, discharges, discharges and injunctions described in this Plan or the PlanConfirmation Orders, each Entity acquiring property under this Plan or the PlanConfirmation Orders, and any and all non-Debtor Entities that are parties to Executory Contracts and Unexpired Leases with the Debtors. All Claims and Interests shall be as fixed, adjusted, or compromised, as applicable, pursuant to this Plan and the Plan Confirmation Orders, regardless of whether any such Holder of a Claim or Interest has voted on the this Plan.

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