Common use of Powers of the Disbursing Agent Clause in Contracts

Powers of the Disbursing Agent. The Disbursing Agent shall be empowered to: (a) effect all actions and execute all agreements, instruments, and other documents necessary to perform its duties under the Plan; (b) make all distributions contemplated hereby; (c) employ professionals to represent it with respect to its responsibilities; and (d) exercise such other powers as may be vested in the Disbursing Agent by order of the Bankruptcy Court, pursuant to the Plan, or as deemed by the Disbursing Agent to be necessary and proper to implement the provisions hereof.

Appears in 7 contracts

Samples: Restructuring Support Agreement (Lannett Co Inc), Intercreditor Agreement (CURO Group Holdings Corp.), Plan Support Agreement (Vanguard Natural Resources, Inc.)

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Powers of the Disbursing Agent. The Disbursing Agent shall be empowered to: (a) effect all actions and execute all agreements, instruments, and other documents necessary to perform its duties under the Plan; (b) make all distributions contemplated hereby; (c) employ professionals to represent it with respect to its responsibilities; and (d) exercise such other powers as may be vested in the Disbursing Agent by order of the Bankruptcy Court, pursuant to the Plan, or as deemed by the Disbursing Agent to be necessary and proper to implement the provisions hereof.

Appears in 5 contracts

Samples: Registration Rights Agreement (Bonanza Creek Energy, Inc.), Credit and Guaranty Agreement (QualTek Services Inc.), Voting and Support Agreement (HighPoint Resources Corp)

Powers of the Disbursing Agent. The Disbursing Agent shall be empowered to: (a) effect all actions and execute all agreements, instruments, and other documents necessary to perform its duties under the Plan; (b) make all distributions contemplated herebyunder the Plan; (c) employ professionals to represent it with respect to its responsibilities; and (d) exercise such other powers as may be vested in the Disbursing Agent by order of the Bankruptcy Court, pursuant to the Plan, or as reasonably deemed by the Disbursing Agent to be necessary and proper to implement the provisions hereofof the Plan.

Appears in 4 contracts

Samples: Call Right Agreement (CAESARS ENTERTAINMENT Corp), Indenture (CAESARS ENTERTAINMENT Corp), Agreement (CAESARS ENTERTAINMENT Corp)

Powers of the Disbursing Agent. The Disbursing Agent shall be empowered to: (a) effect all actions and execute all agreements, instruments, and other documents necessary to perform its duties under the Prepackaged Plan; (b) make all distributions contemplated hereby; (c) employ professionals to represent it with respect to its responsibilities; and (d) exercise such other powers as may be vested in the Disbursing Agent by order of the Bankruptcy Court, pursuant to the Prepackaged Plan, or as deemed by the Disbursing Agent to be necessary and proper to implement the provisions hereof.

Appears in 2 contracts

Samples: Restructuring Support Agreement (View, Inc.), Contingent Value Rights Agreement (Akumin Inc.)

Powers of the Disbursing Agent. The Disbursing Agent shall be empowered to: (a) effect all actions and execute all agreements, instruments, and other documents necessary to perform its duties under the Plan; (b) make all distributions contemplated hereby; (c) employ professionals to represent it with respect to its responsibilities; and (d) exercise such other powers as may be vested in the Disbursing Agent by order of the Bankruptcy Court, pursuant to the Plan, or as deemed by the Disbursing Agent to be necessary and proper to implement the provisions hereofof the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (Ion Geophysical Corp)

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Powers of the Disbursing Agent. The Disbursing Agent shall be empowered to: to (a) effect all actions and execute all agreements, instruments, instruments and other documents necessary to perform its duties under the Plan; this Plan of Reorganization, (b) make all distributions contemplated hereby; , (c) employ professionals to represent it with respect to its responsibilities; , and (d) exercise such other powers as may be vested in the Disbursing Agent by order of the Bankruptcy Court, pursuant to the Planthis Plan of Reorganization, or as deemed by the Disbursing Agent to be necessary and proper to implement the provisions hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Toy Biz Inc)

Powers of the Disbursing Agent. The Disbursing Agent shall be empowered to: to (ai) effect all actions and execute all agreements, instruments, Instruments and other documents necessary to perform its duties under the Plan; , (bii) make all distributions and other payments contemplated hereby; , (ciii) employ professionals to represent it with respect to its responsibilities; , and (div) exercise such other powers as may be vested in the Disbursing Agent it by order of the Bankruptcy Court, pursuant to the Plan, or as deemed by the Disbursing Agent to be necessary and proper to implement the provisions hereof.

Appears in 1 contract

Samples: Settlement Agreement

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