Plan Proponents definition
Examples of Plan Proponents in a sentence
The Plan Proponents presently intend to seek to consummate the Plan as promptly as practicable after the Confirmation Date.
The Finance Committee working with the Plan Proponents or the Debtor’s Representatives and the Claimants’ Advisory Committee shall select an independent third party, hereinafter the Independent Assessor, to oversee and make recommendations concerning the development of projected funding requirements under Section 7.01(d) and the assessment of the availability or adequacy of assets in the Litigation Fund and the Settlement Fund for purposes of Section 7.02(d) and Sections 7.03(a), (b), and (c).
In the view of the Plan Proponents, the Plan provides the best available alternative for maximizing the distributions that holders of Asbestos Claims will receive from the Estates.
No Person has been authorized by the Plan Proponents in connection with the Plan or this Solicitation to give any information or to make any representation other than as contained in this Disclosure Statement and the exhibits annexed hereto or incorporated by reference or referred to herein, and, if given or made, such information or representation may not be relied upon as having been authorized or made by the Company.
To file the Amended Plan (and a related disclosure statement (the “Amended Disclosure Statement”)) in a form that is reasonably satisfactory to the Company and the other Amended Plan Proponents, and that is consistent in all material respects with the Settlement Term Sheet, and to use its reasonable best efforts to obtain the entry of the Confirmation Order by the Bankruptcy Court.