Liquidating Debtors definition

Liquidating Debtors means those Debtors identified in the Plan Supplement that will be dissolved on the Effective Date.

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Liquidating Debtors means that Debtor or those Debtors whose stock interests are not transferred directly or indirectly to the Plan Sponsor as part of the Transaction, which Debtor or Debtors shall remain in existence after the Effective Date for the purpose of winding down the estates and effectuating the Distributions under the Plan, and the interests of such Debtor or Debtors shall be identified as Excluded Assets.

Liquidating Debtors means the Debtors, or any successor thereto, by merger, consolidation or otherwise, on or after the Effective Date.

Examples of Liquidating Debtors in a sentence

The Liquidating Trustee shall be the sole entity responsible for reconciling and objecting to General Unsecured Claims against the Liquidating Debtors and [US Debt Claims against the Liquidating Debtors], and making Distributions to Holders of Allowed General Unsecured Claims against the Liquidating Debtors and [Allowed US Debt Claims against the Liquidating Debtors].
Upon completion of such process, the Liquidating Trustee shall file a final report of distributions with the Bankruptcy Court stating that the Liquidating Trust has been dissolved and request the Bankruptcy Court enter an order closing the Chapter 11 Cases of the Liquidating Debtors, whereupon the Liquidating Trustee shall be discharged from any further responsibility under the Agreement.
All Distributions to Holders of Allowed Claims against the Liquidating Debtors that are unclaimed (including checks that are not negotiated) for a period of for a period of ninety (90) days after any interim Distribution or forty-five (45) days after the final Distribution shall be deemed unclaimed property under Section 347(b) of the Bankruptcy Code and revested in the Liquidating Trust.
Any material modification in the compensation and/or terms of employment of the Liquidating Trustee shall be made upon prior written notice to Beneficiaries holding Allowed Claims against the Liquidating Debtors.
Nothing contained in the Plan, the Confirmation Order or this Liquidating Trust Agreement shall be deemed to be a waiver, release, or relinquishment of any Retained Cause of Action, right of setoff, or other legal or equitable defense which the Liquidating Debtors had immediately prior to the Petition Date, against or with respect to any Claim against the Liquidating Debtors left unimpaired by the Plan.

More Definitions of Liquidating Debtors

Liquidating Debtors means the Debtors as reorganized on the Effective Date pursuant to the implementation of the Plan.

Liquidating Debtors means the Debtors on and after the Effective Date.

Liquidating Debtors means each of (i) Juno Oregon, (ii) Juno, (iii) Omaha, (iv) Sabo One, and (v) Vulcan.

Liquidating Debtors means, collectively, Skyway, Midwest, and MAGI.

Liquidating Debtors means the Debtors after the Effective Date.

Liquidating Debtors means Fore Machine, Holdings, and Fore Capital.

Liquidating Debtors means the Debtors, or any successor thereto, by