Examples of Reorganizing Debtors in a sentence
In this context, "substantial default" shall mean that the Reorganizing Debtors have defaulted on a series of Plan payments to the U.S. Internal Revenue Service and have ceased making any payments under the Plan, and, after receiving notice of such default from the U.S. Internal Revenue Service, have not attempted to cure the default and satisfy their Plan obligations.
Notwithstanding the foregoing, the Reorganizing Debtors or their designees reserve the right to resolve Claims against the Schedule III Debtors prior to the Effective Date.
The Reorganizing Debtors shall contribute the Wind-Up Funds to the Millennium Custodial Trust in order to fund the resolution of Claims against Schedule III Debtors and Claims by those entities against others.
The Schedule III Allocations shall be paid or otherwise afforded the treatment set forth in the Plan by the Reorganizing Debtors or Reorganized Debtors (as applicable), as partial consideration for the releases that the Schedule III Debtors are granting to the Reorganized Debtors and Non-Debtor Affiliates pursuant to the Plan.
All Cash necessary for the Reorganizing Debtors and Reorganized Debtors to make payments pursuant hereto shall be obtained from existing Cash balances of the Debtors.