Examples of Congoleum Entities in a sentence
On May 3, 2006, the Debtors filed a Motion For Order Authorizing and Approving the Settlement and Policy Buyback Agreement and Release Among the Congoleum Entities, the Plan Trust, the ABI Entities and the St. Paul Travelers Entities and Sale of Subject Policies Pursuant to Sections 105, 363, 1107 and 1108 of the Bankruptcy Code and Rules 2002, 6004, 9014 and 9019 of the Federal Rules of Bankruptcy Procedure (the “St. Paul Travelers Settlement and Buyback Agreement”).
Accordingly, this Court shall analyze the reasonableness of the Travelers Settlement in light of the current circumstances.Reservation of Rights to Debtors’ Motion for an Order Authorizing and Approving the Settlement and Policy Buyback Agreement and Release, as amended, among the Congoleum Entities, the Plan Trust, the ABI Entities, and the St. Paul Travelers Entities” (the “Reservation of Rights”).
For the reasons set forth above, the Court concludes that the Travelers Settlement falls within the range of reasonableness, the Debtors’ Motion for an Order Authorizing and Approving the Settlement and Policy Buyback Agreement and Release, as amended, among the Congoleum Entities, the Plan Trust, the ABI Entities and the St. Paul Travelers Entities and the Sale of Subject Policies is granted, and the Travelers Settlement is approved.
Effective upon the First Payment Date, the Congoleum Entities remise, release, acquit and forever discharge the Century Entities from any Claims arising from, relating to or involving the Subject Policies, including, but not limited to (i) any Claims arising from, relating to or involving asbestos-related Claims, including, but not limited to, Plan Trust Asbestos Claims, and (ii) any Claims that were or could have been brought in the Coverage Action.
The Debtors represent and warrant that Congoleum Corporation, as defined in Section I.K.(ii), and as a signatory to this Settlement and Buyback Agreement, owns the rights of the Congoleum Entities to coverage under the Subject Policies identified on Exhibit C.