Committee Settlement definition

Committee Settlement means that certain Settlement Agreement with the Committee, which shall be included in the Plan Supplement.

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Committee Settlement means that certain Settlement Agreement Among Debtors, Silver Point Finance, LLC & Official Committee Of Unsecured Creditors attached as

Committee Settlement means the settlement by and among the Debtors, the Committee, the DIP Lenders, and the Settling Parties and effectuated through the Plan, which provides for, among other things, (i) the resolution of the Committee’s objections to the Plan and the Sale Transactions, (ii) the Committee’s withdrawal of the Standing Motion with prejudice and (iii) resolution of any disputes between the DIP Lenders and the Committee regarding the DIP Lenders and Committee Stipulation, pursuant to section 1123(b)(3)(A) of the Bankruptcy Code and Bankruptcy Rule 9019, the material terms of which are included in the Plan.

Examples of Committee Settlement in a sentence

The Post-Consummation Trust is obligated under the Plan to make the Committee Settlement Payment of $6 million to the Liquidation Trust.
The Diminution Claim payment and the Committee Settlement Payment may be satisfied by means of a net $4 million payment from the Liquidation Trust to the Post-Consummation Trust in satisfaction of both the Diminution Claim and the Committee Settlement Payment.
Subject to Section 1.3(b) of this Agreement, in no event shall any part of the Liquidation Trust Assets or the Trust Proceeds revert to or be distributed to any of the Debtors or, in the case of the Committee Settlement Payment, to the Post-Consummation Trust.
The Plan Administrator shall enforce the Post-Consummation Trust’s rights with respect to the Diminution Claim Proceeds and is authorized and directed to make a payment from the Trust Proceeds to the Liquidation Trust in satisfaction of the Committee Settlement Payment on the Effective Date as required by Article IV.C.1 of the Plan.
The Liquidation Trust Administrator shall enforce the Liquidation Trust’s rights with respect to the Committee Settlement Payment and is authorized and directed to make a payment from the Trust Proceeds to the Post-Consummation Trust in satisfaction of the Diminution Claim on the Effective Date as required by Article IV.B.1 of the Plan.

More Definitions of Committee Settlement

Committee Settlement means that certain Settlement Agreement Among Debtors, Silver Point Finance, LLC & Official Committee Of Unsecured Creditors attached as Exhibit A to the Notice of Filing of Settlement Agreement that was Filed as Docket Number 696 in the Chapter 11 Cases.

Committee Settlement means the Settlement Agreement attached to the Debtors’ Motion for an Order Approving Release, Settlement Agreement and Plan Support Agreement, filed on February 14, 2020 [Docket No. 222].

Committee Settlement means the settlement among Silicon Valley Bank (as DIP Lender and Prepetition Lender), the Committee, and the Debtor as approved and set forth in the DIP Order and as set forth on Exhibit A to the Plan.

Committee Settlement means the settlement by and among the Debtors, the Committee, the Unions, and the Ad Hoc Term Lender Group effectuated through this Plan as set forth in Article V.S hereof.

Committee Settlement means the settlement described in Section 2.02 of this Plan. “Confirmation” shall mean the entry by the Court of the Confirmation Order. “Confirmation Date” shall mean the date on which the Clerk of the Court enters the

Committee Settlement means the settlement agreed to by the Debtors, the Consenting Stakeholders, and the Committee as set forth in the Committee Settlement Term Sheet, and incorporated into this Plan (subject to the terms hereof).

Committee Settlement means the settlement agreement set forth in Article 5.17 of the Plan.