Creditor Plan definition

Creditor Plan means the Chapter 11 Plan for PWM Property Management LLC and its Affiliated Debtors proposed under seal by SLG Member and the Mezzanine Lenders and attached to the Objection of The Mezzanine Lenders and 245 Park Member LLC to The Debtors’ Motion For Entry of An Order (I) Extending The Exclusive Periods for the Filing of a Chapter 11 Plan and Solicitation of Acceptances Thereof and (II) Granting Related Relief [D.1. 500-1].
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Examples of Creditor Plan in a sentence

  • The Managers shall not have the right to sub-contract any of 319 their obligations hereunder, including those mentioned in sub- 320 clause 3.1 without the prior written consent of the Owners which 321 shall not be unreasonably withheld.

  • Creditors of Parent holding at least 85% of the dollar value of all known creditor claims against Parent shall have entered into settlement agreements with Parent in accordance with the Creditor Plan, with such settlements conditioned upon the Closing of the Merger.

  • After the Closing, Parent and the Company shall continue to comply with the Creditor Plan, the Escrow Agreement, the individual settlement agreements executed between Parent and creditors of Parent and the promissory notes issued by Parent to creditors of Parent under individual settlement agreements.

  • No temporary restraining order, preliminary or permanent injunction or other order preventing the consummation of the Merger or the Creditor Plan shall have been issued by any court of competent jurisdiction or other Governmental Body and remain in effect, and there shall not be any Legal Requirement which has the effect of making the consummation of the Merger illegal.

  • Parent and the Company shall not take any actions intended to cause Parent to default on any obligations to such creditors under the Creditor Plan; provided, however, that nothing in this Section 5.11 shall be deemed to restrict the ability of Parent or the Company to utilize the Cash referred to in Section 8.5 to fund the operations of Parent or the Company.

  • The Company shall have delivered or caused to be delivered to the Escrow Agent the original RHL Secured Note and the original fully executed allonge referenced in Section 1.5 of the Creditor Plan.

  • Parent, Merger Sub and the Company intend that the issuance of Parent Common Stock in connection with the Merger and the Creditor Plan be accomplished through a private placement of the requisite shares of Parent Common Stock exempt from registration under Regulation D promulgated under the Securities Act.

  • There shall not be pending any Legal Proceeding initiated by any Governmental Body (a) challenging or seeking to restrain or prohibit the consummation of the Merger, the Creditor Plan or any of the other transactions contemplated by this Agreement; or (b) seeking to prohibit or limit in any material respect the ability of the Company’s stockholders receiving Merger Consideration to vote, receive dividends with respect to or otherwise exercise ownership rights with respect to the Parent Common Stock.

  • These advances shall be repaid from the proceeds of the sale of Creditor Shares as available and contemplated by Section 3.3 after the Seller's monthly payment to satisfy Seller's Creditor Plan as set forth on Schedule 3.7.

  • If the TCEH First Lien Creditor Plan Distribution Allocation Order has not been entered as of the TCEH Effective Date, a reserve will be established in the manner described in Article III.B.29.