Compromised Liabilities definition
Compromised Liabilities means Liabilities existing prior to the filing of the Bankruptcy Case that are subject to compromise under the Bankruptcy Case.
Examples of Compromised Liabilities in a sentence
Subject to the receipt of such funds from GT (with respect to any such creditors receiving cash consideration), Parent shall satisfy such Compromised Liabilities within 30 days from the date hereof in accordance with the terms of the agreements governing such Compromised Liabilities to which Parent is a party, and provide evidence of such satisfaction to GT as promptly as reasonably practicable thereafter.