Milestone Settlement definition
Milestone Settlement means the settlement between the Debtors and the Milestone Parties that provides for, among other things, the assumption pursuant to section 365 of the Bankruptcy Code of the MAG Lease Documents, amendment of the PK Air Credit Facility, the Allowance of Claims of the Milestone Parties and the reimbursement of certain professional fees, all as set forth in the motion pursuant to Bankruptcy Rule 9019 seeking approval of such settlement.
Examples of Milestone Settlement in a sentence
Upon the terms and subject to the conditions set forth herein, at the Closing, the Company shall issue and sell the Milestone Settlement Shares to Wize for no other consideration than in respect of the other agreements expressly set forth herein, including Sections 2.1-2.3, 2.5-2.6 above.