Common use of Substantial Consummation Clause in Contracts

Substantial Consummation. The substantial consummation of the Modified Plan, within the meaning of section 1127 of the Bankruptcy Code, is deemed to occur on the Effective Date.

Appears in 2 contracts

Sources: Credit Agreement (Icg Communications Inc /De/), Note and Warrant Purchase Agreement (Icg Communications Inc /De/)

Substantial Consummation. The substantial consummation of the Modified Plan, within the meaning of section 1127 of the Bankruptcy Code, is deemed to occur on the Effective Date.

Appears in 1 contract

Sources: Joint Plan of Reorganization