Channeling Injunction for Participating Covered Staff and SVCMC Sample Clauses

Channeling Injunction for Participating Covered Staff and SVCMC. The Debtors agree to seek the approval of a Plan which will provide that all direct or indirect holders of Tail Claims shall be permanently enjoined from commencing, conducting or continuing in any manner, directly or indirectly, any suit, action or other proceeding of any kind against SVCMC and the Covered Staff that participate in the Tail Fund (including, but not limited to, claims against SVCMC for indemnification related to the Tail Claims). The Plan would provide that any and all recoveries on account of such Tail Claims (including any related indemnification claims against SVCMC) will be channeled to and solely paid from the Tail Fund. Together, such provisions shall be referred to as the “Plan Injunction.”
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