Debtor Release definition
Examples of Debtor Release in a sentence
Pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the classification, distributions, releases, and other benefits provided under the Plan, on the Effective Date, the provisions of the Plan will constitute a good-faith compromise and settlement of the claims, Causes of Action, and controversies released by the Debtor Release and the Third-Party Release pursuant to the Plan.
Debtor Release… Customary debtor release in which each of the Debtors shall provide a full discharge and release to each Releasing Party and each of their respective representatives, and entry of an order confirming the Plan shall constitute a Rule 9019 approval of the Debtor Release.
The Debtor Release and Third Party Release set forth in this Plan shall be approved by the Bankruptcy Court.
Debtor Release The release given on behalf of the Debtors and their Estates to the Released Parties as set forth in the Plan.
Debtor Release ................................................................................................................................