Plan Support Party definition
Examples of Plan Support Party in a sentence
Furthermore, it is understood and agreed that no Plan Support Party has any duty of trust or confidence in any form with any other Plan Support Party, and there are no commitments among or between them.
Unless expressly stated herein, this Support Agreement shall be solely for the benefit of the Company and each Plan Support Party.
No Plan Support Party shall have any responsibility for any trading by any other entity by virtue of this Agreement.
Each Plan Support Party agrees not to create any subsidiary, affiliate or other vehicle or device for the purpose of acquiring claims of the Company without first causing such subsidiary, affiliate, vehicle or device to be bound by and subject to this Agreement.
Except as otherwise provided herein, this Agreement may not be modified, amended or supplemented without prior written consent of Bally and each Plan Support Party.
With respect to Covered Claims against the Company held by a Permitted Transferee upon consummation of a Transfer, such Permitted Transferee (x) shall make and shall be deemed to make all of the representations and warranties of a Plan Support Party under this Agreement and (y) shall agree and shall be deemed to agree to be bound by all of terms applicable to a Plan Support Party under this Agreement.
The Company agrees to keep confidential the amount of Note Claims held (beneficially or otherwise) by each Plan Support Party, except to the extent required by applicable law or unless otherwise agreed to in writing with a Plan Support Party (and then, only with respect to such agreeing Plan Support Party’s holdings).
Notwithstanding anything herein to the contrary, the Company will not solicit acceptances of the Plan from any Plan Support Party until such Plan Support Party has been provided with a Disclosure Statement which complies with applicable nonbankruptcy law pursuant to the Solicitation.
No Plan Support Party shall have any responsibility for any such trading by any other entity by virtue of this Agreement.
No Plan Support Party may hypothecate, pledge, convey, transfer, assign or sell (collectively, a “Transfer”) all or a part of the Common Stock or any other claim held by such Plan Support Party to any Person (each such Person, a “Transferee”) with respect to whom the Plan Support Party has actual knowledge that such Transferee will object to or oppose the Plan or any of the transactions contemplated thereby.