Non-Debtors definition
Examples of Non-Debtors in a sentence
If a majority in the aggregate amount of Claims in Class 3 and Class 4 together vote in favor of the Plan, the guarantees held by, and liens on account of the DIP Roll-Up Claims and Senior Secured Claims against, the Obligor Non-Debtors shall be released pursuant to the terms of the Senior Secured Credit Agreement.
There are no outstanding Options with respect to any capital stock of the GC Non-Debtors (excluding GC International) or agreements, arrangements or understandings to issue Options with respect thereto, and there are no preemptive rights or agreements, arrangements or understandings to issue preemptive rights with respect to the issuance or sale of the GC Non-Debtors' (excluding GC International) capital stock.
The issued and outstanding capital stock of the GC Non-Debtors (excluding GC International) are owned as set forth on the Organizational Chart, free and clear of all Liens except under the DIP Facility and the Reimbursement Agreement.
The Pegasus Debtors, the Pegasus Non-Debtors, the Committee, and the Releasing Members shall support the Approval Motion, and shall not withdraw, or modify in any manner adverse to each other, the Approval Motion or Approval Order.
For the purposes only of Sections 3.c and 3.d, the term "Retained Claims" also includes any and all Claims and defenses which have been pled by the Pegasus Non-Debtors and the DTV Parties in the action captioned Pegasus Dev.
Except for ▇▇▇▇▇▇, the fees and expenses of which will be paid by ▇▇▇▇▇▇▇, no broker, investment banker, financial advisor or other Person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission, or the reimbursement of expenses in connection therewith, in connection with the Transactions based upon arrangements made by or on behalf of Sellers and Non-Debtors.
As set forth in the RSA, the Debtors must negotiate in good faith with the Consenting Stakeholders the restructuring or other disposition of WMLP and not support any such restructuring or other disposition of WMLP that negatively impacts the Restructuring Transactions (including, but not limited to, any restructuring or disposition of WMLP that would leave liabilities at any of the Debtors or Non-Debtors).
Prior to the Closing, each of Purchaser, Sellers and Non-Debtors shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and its Subsidiaries’ respective operations.
On the EFH Effective Date, equity interests in EFH Non-Debtors shall be abandoned pursuant to section 554 of the Bankruptcy Code.
No source code for any Business Software has been delivered, licensed or disclosed to any escrow agent or other Person who is not, as of the date of this Agreement, an employee or contractor of Sellers and Non-Debtors subject to a binding, written agreement imposing on such Person reasonable confidentiality obligations in favor of Sellers with respect to such source code and Sellers and Non-Debtors are under no obligation (conditional or otherwise) to make or grant any such delivery, license or disclosure.