Approved Plan of Reorganization definition

Approved Plan of Reorganization has the meaning assigned to that term in subsection 3.1E.

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Approved Plan of Reorganization means any of the following: (a) if an Approved Sale is consummated, a plan of reorganization which distributes the cash proceeds from such sale of an amount satisfactory to the Administrative Agent and Lenders to the Debtors’ holders of claims in accordance with the priorities set forth in the Bankruptcy Code, (b) a plan of reorganization which (i) provides for termination of the Commitments under the DIP Facility and payment in full in cash of all Secured Obligations under the Loan Documents owed to the Lenders in respect of the DIP Facility on the effective date of such Approved Plan of Reorganization and (ii) provides for the payment in full in cash of the Pre- Petition Non-Affiliate Obligations unless an alternative treatment is approved by more than half of the Pre- Petition Non-Affiliated Lenders holding greater than 66 2/3% of the Pre-Petition Non-Affiliate Obligations or (c) a plan of reorganization which is otherwise approved by the Administrative Agent and the Majority Lenders in their sole discretion.

Approved Plan of Reorganization means a plan of reorganization filed by the Credit Parties with the Bankruptcy Court that is acceptable in form and substance satisfactory to the Administrative Agent and the Required Lenders and a disclosure statement filed by the Credit Parties with the Bankruptcy Court that is acceptable in form and substance reasonably satisfactory to the Administrative Agent and the Required Lenders.

Examples of Approved Plan of Reorganization in a sentence

• There have been no material modifications, amendments revisions or restatements of the Approved Plan of Reorganization.

• The terms and conditions of any Material Contracts to be entered into by the Borrowers or any of their Subsidiaries pursuant to the Approved Plan of Reorganization shall be in form and substance satisfactory to Requisite Lenders and Agents.

• Any representation and warranty made by Company or any of its Subsidiaries in the Approved Plan of Reorganization shall be accurate, true, correct and complete in all material respects as of the Closing Date.

• Any representation and warranty made by Covanta or any of its Subsidiaries in the Approved Plan of Reorganization is accurate, true and correct in all material respects as of the Closing Date (or, to the extent such representations and warranties specifically relate to an earlier date, that such representations and warranties were accurate, true and correct in all material respects as of such earlier date).

• Any representation and warranty made by Covanta or any of its Subsidiaries in the Approved Plan of Reorganization shall be accurate, true, correct and complete in all material respects as of the Closing Date.

More Definitions of Approved Plan of Reorganization

Approved Plan of Reorganization means the “Plan” as defined in the DIP Order.

Approved Plan of Reorganization means the plan of reorganization substantially in the form of Exhibit G-2, and modifications or supplements with respect thereto, other than any modification or supplement that (a) alters the debt capital structure of the Loan Parties, (b) allows for the incurrence of material Indebtedness upon the effective date of the Approved Plan of Reorganization not otherwise contemplated under the Approved Plan of Reorganization (without giving effect to any such modification or supplement), (c) changes the priority of any Indebtedness from that set forth in the Approved Plan of Reorganization (without giving effect to any such modification or supplement) or (d) is otherwise materially adverse to the Lenders.

Approved Plan of Reorganization means a chapter 11 plan of reorganization for the Chapter 11 Cases that provides for the indefeasible repayment in full and in cash of all outstanding Obligations on the effective date thereof and which includes the Agents, the Joint Lead Arrangers and the Lenders as “released parties” thereunder.

Approved Plan of Reorganization means the “Plan” as contemplated by and as defined in the Transaction Support Agreement.

Approved Plan of Reorganization means a plan of reorganization under and in compliance with the provisions of chapter 11 of the Bankruptcy Code in the form of Exhibit N attached to the Existing Credit Agreement, subject only to such changes as are not prohibited by Section 7.18.

Approved Plan of Reorganization means a plan of reorganization in form and substance satisfactory to the Required Lenders.

Approved Plan of Reorganization means the Plan of Reorganization and all amendments, modifications, revisions and restatements thereof, if any, approved by the creditors of Borrowers in requisite number and percentage, and confirmed by the Bankruptcy Court pursuant to the Confirmation Order and delivered to Revolver Agents and Term Loan Agents.