Examples of Reorganized SC SJ in a sentence
The Post-Effective Date Secured Loan Documents shall constitute legal, valid, binding, and authorized joint and several obligations of Reorganized SC SJ and New Lessee, as applicable, enforceable in accordance with their terms and such obligations shall not be enjoined or subject to discharge, impairment, release, avoidance, recharacterization, or subordination under applicable law, the Plan, or this Confirmation Order.
However, the identities and affiliations of the independent managers of Reorganized SC SJ and New Lessee are disclosed in the Plan Supplement.
The Qualified Manager Documents shall constitute legal, valid, binding, and authorized obligations of Reorganized SC SJ, New Lessee, and any other counterparty thereto, as applicable, enforceable in accordance with their terms and such obligations shall not be enjoined or subject to discharge, impairment, release, avoidance, recharacterization, or subordination under applicable law, the Plan, or this Confirmation Order.
The Plan Supplement identifies the independent managers of Reorganized SC SJ and New Lessee.
Each executory contract and unexpired lease assumed pursuant to the Plan shall vest in and be fully enforceable by Reorganized SC SJ or New Lessee, as applicable, in accordance with its terms, except as modified by the provisions of the Plan, any Final Order of this Bankruptcy Court authorizing and providing for its assumption, or applicable law.
The Reorganized SC SJ LLC Agreement, the New Lessee LLC Agreement, and the New Lease (the “New Corporate Governance Documents”), are hereby approved in all respects.
Reorganized SC SJ will continue to be a member managed limited liability company, and its independent managers will be C.
On the Effective Date, Reorganized SC SJ and New Lessee shall enter into the Qualified Manager Loan Amendment and all other documents, notes, agreements, guaranties, and other collateral documents contemplated thereby, including, but not limited to, the Guaranty Reaffirmation and the Guarantors’ Additional Guarantees (collectively, the “ Post-Effective DateSecured Loan Documents”).
All insurance policies to which Debtor SC SJ is a party as of the Effective Date, other than any insurance policy related to workers’ compensation, shall be deemed to be and treated as executory contracts and shall be assumed by Debtor SC SJ or Reorganized SC SJ, as applicable, and shall continue in full force and effect thereafter in accordance with their respective terms.
After the Effective Date, Reorganized SC SJ shall exist pursuant to the same organizational documents that were in effect prior to the SC SJ Petition Date.