Common use of Plan Support Clause in Contracts

Plan Support. No Party shall support any Chapter 11 Plan that is inconsistent with the terms of this Agreement, the Bankruptcy Settlement Agreement, and the Class Action Settlement Agreement. The Settling Parties agree that: (i) all of the terms and conditions of this Agreement shall be incorporated in the Chapter 11 Plan (the “Conforming Chapter 11 Plan”) and/or the Confirmation Order, as applicable; and (ii) the Settling Parties shall not take any action, of any kind and nature, to oppose, or designed to prevent confirmation of, the Conforming Chapter 11 Plan.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement