Examples of Settlement Parties in a sentence
With respect to difficulties associated with collection, the settlements contained in and implemented by the Joint Plan eliminate potential collection risk with respect to the Settlement Parties and assure timely payment.
The Joint Plan incorporates and implements numerous settlements among the Settlement Parties, including, inter alia,• The Mediation Settlement.
The release and discharge of Claims and Causes of Action given by the Releasing Settlement Parties described in Article VIII.B of the Joint Plan (the “Settlement Party Release”) releases the Released Parties subject to the limitations contained in Article VIII.B.14 The Settlement Party Release is a necessary and important aspect of the Joint Plan, is based on sound business judgment and is reasonable.
Accordingly the third Justice Oaks Factor is satisfied.Finally, the Debtors, the Committee and each of the other Settlement Parties support the settlements contained in and implemented by the Joint Plan.
With respect to the probabilityof success in litigation, each of the Settlement Parties is confident with respect to the merits of their respective claims in the Settled Mediation Causes of Action and all other proceedings related to the Chapter 11 Cases.