Examples of Toys Delaware Debtors in a sentence
Notwithstanding anything else to the contrary in this Plan or the Confirmation Order, at any time prior to the entry of the Final Order described in this section, any party in interest may object to the allocation of any professional fees or expenses to or among each or any of the Geoffrey Debtors, Toys Delaware Debtors, Toys Inc.
For the avoidance of doubt, except for the Initial Fixed Amount, the Toys Delaware Debtors shall repay all remaining amounts owing under the Term DIP Facility prior to making any other distributions, including distributions into the Administrative Claims Distribution Pool.
The chapter 11 plan for the Geoffrey Debtors is independent of the plan for the Toys Delaware Debtors, and the Geoffrey Debtors seek confirmation of their plan regardless of whether the plan proposed by the Toys Delaware Debtors is confirmed.
The intervening parties proposed equity levels as low as 51.24 percent with corresponding debt levels as high as 48.76 percent.
As a result of the wind-down of operations, unless otherwise provided in the Plan or any documents effectuating the Plan, contracts and leases entered into after the Petition Date by any Debtor, will be deemed terminated by the Toys Delaware Debtors and the Geoffrey Debtors, as applicable on the Effective Date.
Term DIP Facility Claims against the Toys Delaware Debtors shall be allowed in the aggregate principal amount of $200,000,000, or such lesser amount as may be outstanding as of the date of confirmation of the Plan plus accrued and unpaid interest.
The Geoffrey Plan contained herein is a separate chapter 11 plan with respect to the Geoffrey Debtors only, that may be confirmed notwithstanding the Confirmation, denial, or withdrawal of the chapter 11 plans of the Toys Delaware Debtors or any other debtor affiliates.
Except as specifically set forth herein and other than the obligations set forth herein and the agreements entered into in accordance herewith, for good and valuable consideration, on and after the Settlement Order Effective Date: (i) each of the Taj Debtors and the Asia JV (on behalf of itself and each of the Asia JV’s subsidiaries) hereby releases all Claims and Causes of Action, if any, whether known or unknown, against each of the Geoffrey Debtors, the Toys Delaware Debtors, and the TRU Inc.
The Plan shall be amended to remove the release carve-outs relating to the Toys Delaware Debtors and Geoffrey Debtors, and both the order confirming the Plan and the order approving the Settlement Agreement shall provide that the releases in the Plan and in this Settlement Agreement shall be binding on each of the debtors and on all parties in interest in their respective cases.
Obviously, a higher TOPSHARE corresponds to a lower governance level and a higher incentive to tunnel.