Transferred Causes of Action definition

Transferred Causes of Action means any and all Avoidance Actions acquired pursuant to the Sale Transaction Documentation, if at all.

Transferred Causes of Action means all Causes of Action held by the Debtors and/or their Estates as of the closing of each of the Sales that were transferred to the Buyers pursuant to the applicable Asset Purchase Agreements and Sale Orders.

Transferred Causes of Action means any and all Avoidance Actions acquired pursuant to

Examples of Transferred Causes of Action in a sentence

• The prosecution of the Transferred Causes of Action by a single representative of the Estates will decrease the costs associated with litigation, reduce the potential for competing claims against the same sources of recovery, and eliminate the potential for prolonged litigation about the respective rights of secured and unsecured creditors over entitlements to recoveries.

• The Litigation Trust Assets, which include the Transferred Causes of Action, will vest in the Litigation Trust.

• Although the Debtors believe that various Transferred Causes of Action have the prospect of generating significant recoveries for the Estates, there can be no assurance that the Litigation Trustee or a chapter 7 trustee would be successful in the prosecution of any Transferred Causes of Action.

• Under the Plan, Administrative Claims, Priority Claims, and DIP Claims are paid by the Reorganized Debtor and, as a result, the proceeds of the Transferred Causes of Action inure to the benefit of secured and unsecured creditors.

• The uncertain nature of litigation makes it impossible to predict the recovery and subsequent distribution to the holder of the Litigation Trust Interests of any recoveries from the Transferred Causes of Action, including proceeds from the Insurance Coverage Actions.

More Definitions of Transferred Causes of Action

Transferred Causes of Action means any and all non-Insider claims arising under chapter 5 of the Bankruptcy Code not otherwise released pursuant to the Plan to be transferred to Murray pursuant to the Sale Transaction Documentation.

Transferred Causes of Action means any and all Avoidance Actions acquired pursuant to the Sale Transaction Documentation, if any.

Transferred Causes of Action means all Causes of Action, including D&O Claims, that (i) have not been released herein or pursuant to the Confirmation Order, the DIP Facility Order, or any other order of the Bankruptcy Court and (ii) do not otherwise constitute assets acquired by, or transferred to, any of the Purchasers or any other non-Debtor party prior to the Effective Date and the products and proceeds thereof.

Transferred Causes of Action means all Exempt Assets constituting Causes of Action, includingconsisting of (a) the Nabors Lawsuit, (b) the Wood Claims and (c) all Avoidance Actions other than (i) the Lambert Road Avoidance Actions, (ii) Avoidance Actions that the DIP Agent determines in its reasonable discretion are related to the California Assets; provided, that the DIP Agent and the DIP Lender shall not pursue any preference or fraudulent transfer actions against vendors and suppliers providing goods and services related to the California Assets, and (ii) the Lambert Road Avoidance Actions. and (iii) any Avoidance Actions against the Wood Parties relating to the conveyance of interests in the California Assets, including royalties, overrides and similar interests and (c) all Causes of Action of the Debtors’ Estates against the Wood Parties of any kind or nature whatsoever, including all such Causes of Action for breach of fiduciary duties, corporate waste, illegal dividends, excessive compensation and any other breaches of corporate duties other than any Avoidance Actions against any of the Wood Parties described in clause (b)(i), clause (b)(ii) or clause (b)(iii) of this definition, none of which constitute Transferred Causes of Action.

Transferred Causes of Action means any and all Avoidance Actions acquirednon-Insider

Transferred Causes of Action means all Exempt Assets constituting Causes of Action.

Transferred Causes of Action means all Exempt Assets constituting Causes of Action, including (a) the Nabors Lawsuit, (b) the Wood Claims and (c) all Avoidance Actions other than