Examples of Creditors’ Plan in a sentence
To the extent that a non-debtor counterparty to an executory contract or unexpired lease disagrees with the deemed Cure Amount or the Cure Amount set forth on the Cure Amount Schedule with respect to such contract or lease, such party must file a notice of dispute with the Bankruptcy Court and serve such notice on the Creditors’ Plan Proponents by no later than five (5) days prior to the Confirmation Hearing.
The Disbursing Agents shall make all distributions required under the Creditors’ Plan.
If each of the conditions to the Effective Date is not satisfied or duly waived by August 17, 2010, then unless the Creditors’ Plan Proponents agree otherwise and file notice with the Bankruptcy Court to such effect, the Confirmation Order shall automatically be vacated without further order of the Bankruptcy Court.
The rights afforded in the Creditors’ Plan and the payments and distributions to be made hereunder shall discharge all Claims and Causes of Action against a Debtor or its Estate arising prior to the Effective Date, and all Old Equity Interests shall be cancelled, to the extent permitted by section 1141 of the Bankruptcy Code.
Unless otherwise ordered by the Bankruptcy Court, the record date for determining entitlement to distributions under the Creditors’ Plan shall be the Confirmation Date.2.8 Confirmation Without Acceptance By All Impaired Classes.