LRP Agreement definition
LRP Agreement means the agreement establishing lien resolution procedures with respect to certain claims held by LRP Participating TPPs against Holders of PI Claims and Distributions payable to Holders of PI Claims, the terms of which shall be consistent with Articles I through XII of the Plan and otherwise acceptable to the Debtors, the Ad Hoc Group of Individual Victims and the Third-Party Payor Group and reasonably acceptable to the Creditors’ Committee and the Governmental Consent Parties, and which shall be filed by the Debtors with the Plan Supplement (it being understood and agreed that the form of LRP Agreement filed on May 26, 2021 is acceptable to such parties).
Examples of LRP Agreement in a sentence
This MOU shall be effective on the date it is executed by all parties and will terminate on September 30, 2034, when Burbank’s Local Resources Program (LRP) Agreement No. 91688 with MWD expires or sooner by mutual written agreement of both parties.