Third-Party Release definition

Third-Party Release means the release given by each of the Releasing Parties to the Released Parties as set forth in Article VIII.E of the Plan.
Third-Party Release means the releases set forth in Article VIII.D of the Plan.
Third-Party Release means the release set forth in Article VIII.D of this Plan.

Examples of Third-Party Release in a sentence

  • The record of the Confirmation Hearing and the Chapter 11 Cases is sufficient to support the Settlement Party Release, Third-Party Release, exculpation and injunction provisions contained in Article VIII of the Joint Plan.

  • The injunction provision set forth in Article VIII.F of the Joint Plan is essential to the Joint Plan and is necessary to preserve and enforce the Settlement PartyRelease, the Third-Party Release and the Joint Plan and is narrowly tailored to achieve that purpose.

  • As provided in Article VIII.C of the Joint Plan, as of the Effective Date, the Third-Party Release in the Joint Plan is approved in light of the findings of fact and conclusions of law set forth herein; provided, however, that nothing in this paragraph shall preclude the SEC from exercising its statutory duties against any Person in any forum.

  • There is an identity of interests between the Debtors and the entities that will benefit from the Third-Party Release.

  • The Third-Party Release is instrumental to the Plan and was critical in incentivizing the Released Parties to support the Plan and preventing potentially significant and time-consuming litigation regarding the parties’ respective rights and interests.


More Definitions of Third-Party Release

Third-Party Release means the release provision set forth in Article VIII.E hereof.
Third-Party Release means the releases set forth in Section 10.5 of the Plan.
Third-Party Release means the release provided by the Releasing Parties in favor of the Released Parties as set forth in Article VIII.D of the Plan.
Third-Party Release means the releases set forth in Article IX.C of the Plan.
Third-Party Release means the voluntary releases to be granted pursuant to the Plan as set forth in Section 10.02 hereof.
Third-Party Release means the release provision set forth in Section11.4 hereof.
Third-Party Release means the release provision set forth in Article VIII, Section 3 of the Plan.