Substantial Consummation definition

Substantial Consummation of the Plan, as defined in 11 U.S.C. § 1101(2), shall be deemed to occur on the Effective Date.

Substantial Consummation means the day on which a Creditor first receives a Distribution of any kind under the terms and provisions of the Plan.

Substantial Consummation means as defined in § 1101(2).

Examples of Substantial Consummation in a sentence

• This Plan may be modified at any time after confirmation and before its Substantial Consummation, provided that the Plan, as modified, meets the requirements of sections 1122 and 1123 of the Bankruptcy Code, and the Bankruptcy Court, after notice and a hearing, confirms the Plan, as modified, under section 1129 of the Bankruptcy Code, and the circumstances warrant such modification.

• Final Report/Decree (Chapter 11) (a) Projected Dates for Substantial Consummation.

• Substantial Consummation of the Plan shall be deemed to occur on the Effective Date.

• All Distributions of any kind made to any Creditor after Substantial Consummation and any and all other actions taken under this Plan after Substantial Consummation shall not be subject to relief, reversal or modification by any court unless the implementation of the Confirmation Order is stayed by an order granted under Bankruptcy Rule 8005.

• On or before Substantial Consummation of the Plan, the Reorganized Debtor may file with the Bankruptcy Court such agreements and other documents as may be necessary or appropriate to effectuate and further evidence the terms and conditions of the Plan.

More Definitions of Substantial Consummation

Substantial Consummation means the time the reorganized Debtor has commenced the distribution of initial Plan payments to all creditor classes.

Substantial Consummation means the (a) transfer of all or substantially all of the property proposed by the Plan to be transferred, (b) assumption by Reorganized UM&M of the business or of the management of all or substantially all of the property dealt with by the Plan, and (c) substantial distribution of the property proposed by the Plan to be distributed thereunder, as recognized by the Committee or by order of the Bankruptcy Court.

Substantial Consummation means that the Plan shall be deemed to be substantially consummated in accordance with sections 1101 and 1127(b) of the Code.

Substantial Consummation of this Plan shall mean the commencement of any of the events provided for in 11 U.S.C. Sec. 1101.

Substantial Consummation means that this Plan shall be deemed to be substantially consummated under Sections 1101 and 1127(b) of the Bankruptcy Code.

Substantial Consummation means the date on which any of the following first happens: (i) the Bankruptcy Court enters an order on the fee application of the Debtor’s general counsel or(ii) the Bankruptcy Court otherwise finds that substantial consummation within the meaning and operation of the Bankruptcy Code has occurred.

Substantial Consummation means the earlier of: (a) the closing of the Transaction pursuant to the ATA, or (b) the day on which a Creditor first receives a Distribution of any kind under the terms and provisions of the Plan.