Common use of Rights and Powers of Disbursing Agent Clause in Contracts

Rights and Powers of Disbursing Agent. 1. 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 2 contracts

Samples: Plan Support Agreement (Vanguard Natural Resources, Inc.), Recapitalization Agreement (Ventura Capital Privado, S.A. De C.V.)

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Rights and Powers of Disbursing Agent. 1. 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 this 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 this Plan, or as deemed by the Disbursing Agent to be necessary and proper to implement the provisions hereof. 2.

Appears in 1 contract

Samples: Appgate, Inc.

Rights and Powers of Disbursing Agent. 1. Powers of the Disbursing Agent. The Disbursing Agent shall be empowered to: to (ai) effect all actions and execute all agreements, instruments, and other documents necessary to perform its duties under the Plan; hereunder, (bii) make all applicable distributions contemplated hereby; or payments provided for under this Plan, (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 by order of the Bankruptcy Court, Court (including any Final Order issued after the Effective Date) or pursuant to the this Plan, or as deemed by the Disbursing Agent to be necessary and proper to implement the provisions hereof.

Appears in 1 contract

Samples: Restructuring Support Agreement (Halcon Resources Corp)

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Rights and Powers of Disbursing Agent. 1. (a) 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 1 contract

Samples: Restructuring and Support Agreement (NBC Acquisition Corp)

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