Conforming Plan definition

Conforming Plan. (a) a Reorganization Plan proposed by the Debtors that incorporates the terms and conditions set forth in the Restructuring Term Sheet attached as Exhibit H and is consistent in all material respects with the Restructuring Term Sheet (as may be modified in accordance with the terms of that certain letter agreement dated as of July 6, 2009 by and among the Borrower and certain of its Affiliates, JPMorgan Chase Bank, N.A. and the lender signatories thereto) or (b) a plan of reorganization proposed by the Debtors that provides for payment in full in cash of the Obligations.
Conforming Plan means a Reorganization Plan (a) substantially consistent with the Restructuring Support Agreement and otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Required Lenders or (b) that provides for the termination of the Commitments and payment in full in cash of the Obligations on the Effective Date.
Conforming Plan means a plan that is subject to this rule.

Examples of Conforming Plan in a sentence

  • In Table 1 of paragraph (b), revisingthe entry for ‘‘§ 93.118 or § 93.119’’ under ‘‘Transportation Plan:’’ and the entry for ‘‘§ 93.118 or § 93.119’’ under ‘‘TIP:’’, and revising the entry for‘‘§ 93.117’’ under ‘‘Project (From a Conforming Plan and TIP):’’ and the entries for ‘‘§ 93.117’’ and ‘‘§ 93.118 or§ 93.119’’ under ‘‘Project (Not From a Conforming Plan and TIP):’’■ c.

  • The Borrower and the other Credit Parties shall continue to retain Alvarez & Marsal North America, LLC as restructuring advisors or retain such other advisor approved by the Requisite Lenders and on terms and conditions approved by Requisite Lenders until the Credit Parties have substantially consummated a Conforming Plan of Reorganization.

  • The holders of Equity Interests in Dynegy, DH or the Surviving Entity shall not receive any distribution or retain any interest or property under the Conforming Plan on account of such holder’s Equity Interests.

  • The Conforming Plan will include a full release of all Parties and the Lease Trustee, including, among others, their respective directors, officers, managers, agents, attorneys, advisors, accountants and consultants, to the extent permitted by applicable law, which in the case of any third-party releases shall be subject to customary carve-outs.

  • This Agreement shall not, and shall not be deemed to, impair, prohibit, limit or restrict any Party, its officers, directors, advisors, agents, attorneys or other representatives from engaging in discussions (or asserting any position of any kind or character in such discussions) with any person; provided, that such discussions do not otherwise breach the terms of the Conforming Plan, the Settlement Agreement or this Agreement.


More Definitions of Conforming Plan

Conforming Plan has the meaning ascribed to it in the Plan Support Agreement.
Conforming Plan has the meaning ascribed to it in Section 2.a.
Conforming Plan means a plan of reorganization of Guarantor containing each of the following elements, and that will result upon confirmation in: (a) The Guaranty remaining unimpaired; (b) Guarantor and its wholly owned subsidiaries continuing to own or operate not less than three hundred (300) assisted living residences; (c) On a pro forma basis, the ratio of Guarantor's Debt to Guarantor's Cash Flow not exceeding 12:1.0; and (d) Upon the confirmation and implementation of the such plan, at least seventy percent (70%) of the Guarantor's voting stock on a fully diluted basis being owned by (i) Persons who had, prior to filing of the bankruptcy petition instituting the Conforming Bankruptcy Proceeding, (A) an ownership or other interest in Guarantor's stock or debt (including debt of Guarantor's subsidiaries guaranteed by Guarantor) and (B) a joint venture ownership interest in Guarantor's assets or Guarantor's subsidiaries' assets, and (ii) Related Persons of Persons described in the foregoing clause (i), but excluding each such Person or Related Person who: (1) held less than a Material Investment in Guarantor on the Effective Date, and (2) subsequent to the Effective Date and prior to or contemporaneously with the confirmation and implementation of such plan increases their respective investment (on a cost basis) in the Guarantor by greater than ten percent (10%). "Filing Deadline" shall mean December 31, 2002. "Forbearance Period" shall mean the period commencing on the Effective Date and ending on the earlier to occur of (a) the date upon which a Forbearance Default occurs, or (b) the Filing Deadline. " Funding Date" shall mean the earlier to occur of (a) the date upon which Landlord receives the proceeds of the second tranche of the acquisition loan obtained by Landlord in connection with the acquisition of the Premises, or (b) the date that is forty-five (45) days after the Effective Date. "Guarantor's Cash Flow" shall mean, for any applicable fiscal quarter, the net income of Guarantor for such quarter, adjusted to add thereto, without duplication, (a) interest expense, (b) income tax expense, (c) depreciation and amortization expense, and (d) any other noncash adjustments, in each case determined in accordance with generally accepted accounting principles, consistently applied. "Guarantor's Debt" shall mean all debt, guarantees and all convertible debt issued by Guarantor, including zero coupon instruments and non-cash paying securities (such as convertibles and P...
Conforming Plan shall have the meaning given such term in the Lease.
Conforming Plan means a plan of reorganization of Guarantor containing each of the following elements, and that will result upon confirmation in:
Conforming Plan means a plan of reorganization of Tenant containing each of the following elements, and that will result upon confirmation in: (a) The Lease remaining unimpaired; (b) Tenant and its wholly owned subsidiaries continuing to own or operate not less than three hundred (300) assisted living residences; (c) On a pro forma basis, the ratio of Tenant's Debt to Tenant's Cash Flow not exceeding 12:1.0; and (d) Upon the confirmation and implementation of such plan, at least seventy percent (70%) of the Tenant's voting stock on a fully diluted basis being owned by (i) Persons who had, prior to filing of the bankruptcy petition instituting the Conforming Bankruptcy Proceeding, (A) an ownership or other interest in Tenant's stock or debt (including debt of Tenant's subsidiaries guaranteed by Tenant) and (B) a joint venture ownership interest in Tenant's assets or Tenant's subsidiaries' assets, and (ii) Related Persons of Persons described in the foregoing clause (i), but excluding each such Person or Related Person who: (1) held less than a Material Investment in Tenant on the Effective Date, and (2) subsequent to the Effective Date and prior to or contemporaneously with the confirmation and implementation of such plan increases their respective investment (on a cost basis) in the Tenant by greater than ten percent (10%) -3- “Filing Deadline” shall mean December 31, 2002. “Forbearance Period” shall mean the period commencing on the Effective Date and ending on the earlier to occur of (a) the date upon which a Forbearance Default occurs, or (b) the Filing Deadline. “Funding Date” shall mean the earlier to occur of (a) the date upon which Landlord receives the proceeds of the second tranche of the acquisition loan obtained by Landlord in connection with the acquisition of the Premises, or (b) the date that is forty-five (45) days after the Effective Date. “Material Investment” as used in the definition of Conforming Plan, shall mean an investment in the stock of Tenant or debt of Tenant or of any subsidiary of Tenant, to the extent that such debt is guaranteed by Tenant, in the amount of at least Two Million Dollars ($2,000,000) on a cost basis. “Related Persons” shall mean, as to a specified Person, another Person related to, affiliated with or who controls, is controlled by or is under common control with such specified Person. “Tenant's Cash Flow” shall mean, for any applicable fiscal quarter, the net income of Tenant for such quarter, adjusted to add thereto, without ...
Conforming Plan shall have the meaning given to such term in the preliminary statements above.