Common use of Comprehensive Settlement of Claims and Controversies Clause in Contracts

Comprehensive Settlement of Claims and Controversies. Pursuant to Bankruptcy Rule 9019 and in consideration for the distributions and other benefits provided under the Plan, the provisions of the Plan will constitute a good-faith compromise and settlement of all Claims or controversies relating to the rights that a Holder of a Claim or Interest may have with respect to any Allowed Claim or Allowed Interest or any distribution to be made pursuant to the Plan on account of any Allowed Claim or Allowed Interest. The entry of the Confirmation Order will constitute the Bankruptcy Court’s approval, as of the Effective Date, of the compromise or settlement of all such claims or controversies and the Bankruptcy Court’s finding that all such compromises or settlements are in the best interests (a) of the Debtor, the Reorganized Debtor, the Estate, and their respective property and (b) Claim and Interest holders, and are fair, equitable, and reasonable.

Appears in 5 contracts

Samples: Master Transaction Agreement (Quotient LTD), Master Transaction Agreement (Bracebridge Capital, LLC), Master Transaction Agreement (Whitebox Advisors LLC)

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Comprehensive Settlement of Claims and Controversies. Pursuant to Bankruptcy Rule 9019 and in consideration for the distributions and other benefits provided under the Plan, the provisions of the Plan will constitute a good-faith compromise and settlement of all Claims or controversies relating to the rights that a Holder of a Claim or Interest may have with respect to any Allowed Claim or Allowed Interest or any distribution to be made pursuant to the Plan on account of any Allowed Claim or Allowed Interest. The entry of the this Confirmation Order will constitute constitutes the Bankruptcy Court’s approval, as of the Effective Date, of the compromise or settlement of all such claims or controversies and the Bankruptcy Court’s finding that all such compromises or settlements are in the best interests (a) of the Debtor, the Reorganized Debtor, the Estate, and their its respective property and (b) Claim and Interest holders, and are fair, equitable, and reasonable.

Appears in 5 contracts

Samples: Master Transaction Agreement (Bracebridge Capital, LLC), Master Transaction Agreement (Quotient LTD), Master Transaction Agreement (Ci Investments Inc.)

Comprehensive Settlement of Claims and Controversies. Pursuant to Bankruptcy Rule 9019 and in consideration for the distributions and other benefits provided under the Plan, the provisions of the Plan will constitute a good-good faith compromise and settlement of all Claims or controversies relating to the rights that a Holder of a Claim or Interest may have with respect to any Allowed Claim or Allowed Interest or any distribution to be made pursuant to the Plan on account of any Allowed Claim or Allowed Interest. The entry of the Confirmation Order will constitute the Bankruptcy Court’s approval, as of the Effective Date, of the compromise or settlement of all such claims or controversies and the Bankruptcy Court’s finding that all such compromises or settlements are in the best interests (ai) of the Debtor, the Reorganized Debtor, the Estate, Estate and their respective property property, and (bii) Claim and Interest holders, and are fair, equitable, equitable and reasonable.

Appears in 3 contracts

Samples: Alternative Plan Sponsor Agreement, Alternative Plan Sponsor Agreement (Quality Care Properties, Inc.), Restructuring Support Agreement (Quality Care Properties, Inc.)

Comprehensive Settlement of Claims and Controversies. Pursuant to Bankruptcy Rule 9019 and in consideration for the distributions and other benefits provided under the this Plan, the provisions of the this Plan will constitute a good-good faith compromise and settlement of all Claims or controversies relating to the rights that a Holder holder of a Claim or Interest may have with respect to any Allowed Claim or Allowed Interest or any distribution to be made pursuant to the this Plan on account of any Allowed Claim or Allowed Interest. The entry of the Confirmation Order will constitute the Bankruptcy Court’s approval, as of the Effective Date, of the compromise or settlement of all such claims or controversies and the Bankruptcy Court’s finding that all such compromises or settlements are are: (i) in the best interests (a) interest of the DebtorDebtors, the Reorganized Debtor, the EstateDebtors, and their respective property Estates and property, and of holders of Claims or Interests; and (bii) Claim and Interest holders, and are fair, equitable, equitable and reasonable.

Appears in 1 contract

Samples: Restructuring Support Agreement (Novelion Therapeutics Inc.)

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Comprehensive Settlement of Claims and Controversies. Pursuant to Bankruptcy Rule 9019 and in consideration for the distributions and other benefits provided under the this Plan, the provisions of the this Plan will constitute a good-good faith compromise and settlement of all Claims or controversies relating to the rights that a Holder holder of a Claim or Interest may have with respect to any Allowed Claim or Allowed Interest or any distribution to be made pursuant to the this Plan on account of any Allowed Claim or Allowed Interest. The entry of the Confirmation Order will constitute the Bankruptcy Court’s approval, as of the Effective Date, of the compromise or settlement of all such claims or controversies and the Bankruptcy Court’s finding that all such compromises or settlements are are: (a) in the best interests (a) interest of the DebtorDebtors, the Reorganized Debtor, the EstateDebtors, and their respective property Estates and property, and of holders of Claims or Interests; and (b) Claim and Interest holders, and are fair, equitable, equitable and reasonable.

Appears in 1 contract

Samples: Stock Purchase and Backstop Agreement (Deutsche Bank Ag\)

Comprehensive Settlement of Claims and Controversies. Pursuant to Bankruptcy Rule 9019 and in consideration for the distributions and other benefits provided under the Plan, the provisions of the Plan will constitute a good-good faith compromise and settlement of all Claims or controversies relating to the rights that a Holder holder of a Claim or Interest may have with respect to any Allowed Claim or Allowed Interest or any distribution to be made pursuant to the Plan on account of any Allowed Claim or Allowed Interest. The entry of the Confirmation Order will constitute the Bankruptcy Court’s approval, as of the Effective Date, of the compromise or settlement of all such claims or controversies and the Bankruptcy Court’s finding that all such compromises or settlements are in the best interests (ax) of the DebtorDebtors, the Reorganized Debtor, the Estate, Debtors and their respective property Estates and property, and (by) Claim and Interest holders, and are fair, equitable, equitable and reasonable.

Appears in 1 contract

Samples: Restructuring & Lockup Agreement (Pliant Corp)

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