ERLY definition
Examples of ERLY in a sentence
Pursuant to an agreement reached between the Company and the ERLY and WEI Creditors' Limited Partnership, as evidenced by those certain correspondence dated August 29, 2000, and September 6, 2000, the Company shall have access to any ERLY-related documents previously on-site in Baton Rouge, Louisiana, on an on-going basis following the transfer of said documents to the ERLY and WEI Creditors' Limited Partnership in Houston, Texas.
Pursuant to the Confirmation Order issued by the Bankruptcy Court, all property of the, Company and its subsidiaries became vested in the ERLY and WEI Creditors' Limited Partnership for the benefit of the Company's creditors and, as a result, The Company retained no assets, other than the capital stock in the Subsidiaries.
It is understood and acknowledged that numerous Corporate Documents will be transferred to the ERLY and WEI Creditors' Limited Partnership, as the successor in interest and assignee of ERLY Industries, Inc.
Carancahua, Fax ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Fax ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇ Attorneys for ERLY Creditors Committee ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Fax ▇▇▇-▇▇▇-▇▇▇▇ R.
ERLY and WEI are also pursuing claims under the contract for the sale of the assets of Old Chemonics against the purchaser, FIA, and others.
The Proponents are currently negotiating with ARI and other parties in interest to resolve all claims between ERLY, ARI, ARI's indenture trustee and the ARI bondholders.
Unsecured Claims of Creditors of ERLY; Class 10 --- All Allowed Unsecured Claims of Debenture Holders under that certain $8,880,000 Indenture dated as of February 1, 1993 between ERLY Industries, Inc.
The Reorganized Debtor does not know whether the NOL will have any significant value after the adjustment of the NOL and the reduction of the NOL by taxes incurred upon the sale of the assets of Old Chemonics, the disposition or elimination or ERLY's interest in ARI, and adjustment of the NOL by offset of income generated by the forgiveness of indebtedness owed at the ERLY level.
Likewise, holders of Allowed Interests in ERLY face no risk factors since they will retain their stock interests, unless an objection to the treatment of Interestholders in ERLY is sustained.
For purposes of this Disclosure Statement, WEI would represent that its claim against ARI likely has no value except insofar as it reduces the Claims of ARI against ERLY.