Debtor Subsidiary definition
Examples of Debtor Subsidiary in a sentence
Since the Petition Date, neither Seller nor any of the Debtor Subsidiary Sellers have implemented any relocation, plant closing or layoff of the Employees in violation of the WARN Act.
Each Non-Debtor Subsidiary Seller and, subject to the Bankruptcy Consents, each Debtor Subsidiary Seller has, or prior to the Closing will have, all requisite corporate power and authority necessary to consummate the Transactions.
No past, present or future director, officer, employee, incorporator, stockholder or agent of the Company, any Guarantor or any Heller Debtor Subsidiary, as such, shall have any liability for any ob▇▇▇▇▇▇ons of the Company, such Guarantor or such Heller Debtor Subsidiary under the Notes, the Note Guarantees, this In▇▇▇▇▇▇e or the Collateral Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation.
Seller and the Debtor Subsidiary Sellers have agreed to file with the Bankruptcy Court a motion for approval of the transactions contemplated by the Settlement Agreement and this Agreement pursuant to and in accordance with Rule 9019 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”) and Sections 105, 363 and 365 of the Bankruptcy Code.
The certificate or articles of incorporation and by-laws of each Debtor Subsidiary shall be amended as necessary to satisfy the provisions of the Plan and the Bankruptcy Code, and shall include, among other things, pursuant to Section 1123(a)(6) of the Bankruptcy Code, a provision prohibiting the issuance of non-voting equity securities, but only to the extent required by Section 1123(a)(6) of the Bankruptcy Code.