Examples of Strict Foreclosure Agreement in a sentence
For the avoidance of doubt, all Available Cash, which expressly excludes the GUC Fund, shall be used by the Debtors to pay Allowed Administrative Claims and make distributions to the Debtors’ Creditors other than the Holder of the ABL Secured Claims, in accordance with the Strict Foreclosure Agreement, the Cash Collateral Orders, and the Plan.
This General Assignment and Assumption Agreement and Bill of Sale is being delivered pursuant to the Strict Foreclosure Agreement.
Notwithstanding anything to the contrary in the foregoing, the Third Party Release shall not release any obligations of any party under the Plan, the Strict Foreclosure Agreement, or any other document, instrument, or agreement executed to implement the Plan and/or the Strict Foreclosure Agreement.
Strict Foreclosure Agreement, dated October 3, 2016, by and among MAC, MediGain and Millennium.
The Uruguay Round outcomes significantly expanded the range of activities brought within the scope of the GATT/WTO regime to include trade-related aspects of intellectual property, trade in services, trade-related investment measures, regulation of biotechnology, and public and animal health and safety laws.
The Strict Foreclosure Agreement, among other things, provides for the set-aside of $2 million for distribution to holders of general unsecured claims upon consummation of a plan of liquidation and the approval of the plan releases in favor of Lineage.
As discussed further herein, the Debtors recently completed a prepetition foreclosure process, through which substantially all of the Debtors’ assets were foreclosed upon by Lineage Bluebird Debtco, LLC (“Lineage”) pursuant to the Strict Foreclosure Agreement (defined below).
On May 16, 2020, and as part of the authorization and approval of the Strict Foreclosure Agreement, Mr. Decker was appointed as independent director of each of the remaining non-Maines Debtors, Chris Mellon was appointed as a director of certain Debtors, and the Maines Brothers were removed from the board of directors of the Debtors other than Maines.
Petitions filed after that time will be considered as petitions filed under § 190.331.
To Sellers’ Knowledge (as defined below), there is no material inaccuracy in the representations made by the Company in Section 17(b)(ix) and (xviii) of the Strict Foreclosure Agreement.