Plan Confirmation Clause Samples
The Plan Confirmation clause establishes the requirements and procedures for a court or relevant authority to formally approve a proposed plan, typically in the context of bankruptcy or restructuring. It outlines the necessary conditions that must be met, such as creditor approval thresholds, compliance with legal standards, and the submission of required documentation. By setting out these steps, the clause ensures that the plan is legally binding and enforceable, providing certainty to all parties involved and facilitating the orderly resolution of financial obligations.
Plan Confirmation. The Plan shall have been confirmed by the Bankruptcy Court within 60 days after the Petition Date (the “Confirmation Deadline”), unless the Confirmation Deadline is extended as contemplated by the Solicitation Package.
Plan Confirmation. The Plan shall have been confirmed by the United States Bankruptcy Court for the Southern District of New York and shall be effective.
Plan Confirmation. The Bankruptcy Court shall have entered the Confirmation Order, and no order staying such Confirmation Order shall be in effect;
Plan Confirmation. The Confirmation Order, in form and substance reasonably acceptable to the Plan Investor and the Company, shall have become a Final Order and remain in full force and effect (and no stay of the Confirmation Order shall be in effect).
Plan Confirmation. The Plan shall have been confirmed by January 15, 2000 and shall have become effective in accordance with its terms. Sections 7.5, 7.6, 9.5 (other than 9.5(b)), 9.6, 9.10, (other than 9.10(a)(ii)), 9.16(a), 9.22, 14.1, 14.2, 14.3, 14.4, 15.4, and any definition of New Notes, New Securities, New Organizational Documents, Wellspring Investment Price, Wellspring Rights Offering, New Notes Amount, Warrants or Rights, of the Plan shall not have been modified or supplemented without the prior consent of the Buyer and the Plan shall otherwise be satisfactory to Buyer in all material respects.
Plan Confirmation. Borrowers shall use their best efforts to cause a Plan of Reorganization to be confirmed in accordance with the terms of the Plan Support Agreement.
Plan Confirmation. 64 7.11 Modifications.................................................64
Plan Confirmation. The R-Net Subsidiaries will not oppose confirmation of the Plan as filed with the Bankruptcy Court or as may be modified by the Coram Debtors, unless the modifications to the Plan materially adversely affects the rights of the R-Net Subsidiaries.
Plan Confirmation. Each Borrower agrees that (i) its obligations hereunder shall not be discharged by the entry of an order confirming a Plan of Reorganization (and each Borrower pursuant to Section 1141(d)(4) of the Bankruptcy Code, hereby waives any such discharge) and (ii) the Super-Priority Claim granted pursuant to the Orders, and as described herein and the liens granted pursuant to the Orders, the Loan Documents and as described herein shall not be affected in any manner by the entry of an order confirming a Plan of Reorganization.
Plan Confirmation. The Plan shall have been confirmed by an order entered no later than 180 days from Case Commencement (together with the deadlines set forth in 10.2(b)(iii) above, the "FAST TRACK SCHEDULE"). 42