Examples of Debtor in a sentence
Claims Paid by Third Parties A Claim shall be reduced in full, and such Claim shall be disallowed without an objection to such Claim having to be filed and without any further notice to or action, order, or approval of the Bankruptcy Court, to the extent that the holder of such Claim receives payment in full on account of such Claim from a party that is not a Debtor or Reorganized Debtor.
For the avoidance of doubt, any Interest in non-Debtor subsidiaries owned by a Debtor shall continue to be owned by that Debtor when it becomes a Reorganized Debtor on the Effective Date and, as set forth in the Restructuring Transactions Exhibit, all Interests in RVL Pharmacy, LLC owned by RVL Pharmaceuticals, Inc.
Assumption of Executory Contracts and Unexpired Leases Each Executory Contract and Unexpired Lease that has otherwise not been rejected (as set forth in the Rejected Contracts and Leases Schedule) shall be deemed assumed by the applicable Debtor, without the need for any further notice to or action, order, or approval of the Bankruptcy Court, as of the Effective Date under section 365 of the Bankruptcy Code.
Classification: Class 3 consists of Secured Note Claims against any Debtor.
Classification: Class 1 consists of any Other Secured Claims against any Debtor.