Common use of Debtor Releases Clause in Contracts

Debtor Releases. Subject to payment in full by the Company of the Settlement Payment to Baron & Budd’s Trust Account, in addition to the Public Entity Releasing Parties providing full and complete releases in favor of the Released Parties, any and all of the Supporting Public Entity’s Wildfire Claims shall be deemed satisfied, released and discharged in accordance with Section 1141 of the Bankruptcy Code and other applicable law, and forever barred to the fullest extent permitted by law (collectively, the “Plan Release”).

Appears in 5 contracts

Samples: Plan Support Agreement (PACIFIC GAS & ELECTRIC Co), Plan Support Agreement (PACIFIC GAS & ELECTRIC Co), Plan Support Agreement (PACIFIC GAS & ELECTRIC Co)

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Debtor Releases. Subject to payment in full by the Company of the Settlement Payment to Baron & Budd’s Trust Account, in addition to the Public Entity Entities Releasing Parties providing full and complete releases in favor of the Released Parties, any and all of the Supporting Public Entity’s Entities’ Wildfire Claims shall be deemed satisfied, released and discharged in accordance with Section 1141 of the Bankruptcy Code and other applicable law, and forever barred to the fullest extent permitted by law (collectively, the “Plan Release”).

Appears in 1 contract

Samples: Plan Support Agreement (PACIFIC GAS & ELECTRIC Co)

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