Common use of Debtors in Possession Clause in Contracts

Debtors in Possession. The Debtors continue to manage and operate their businesses and properties as debtors-in-possession pursuant to sections 1107 and 1108 of the Bankruptcy Code. No trustee or examiner has been appointed in any of the Chapter 11 Cases.

Appears in 3 contracts

Samples: Restructuring Support Agreement (California Resources Corp), Possession Credit Agreement (California Resources Corp), Restructuring Support Agreement (California Resources Corp)

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Debtors in Possession. The Debtors continue to manage and operate their businesses and properties as debtors-in-possession pursuant to sections 1107 and 1108 of the Bankruptcy Code. No trustee or examiner has been appointed in any of the these Chapter 11 Cases.

Appears in 1 contract

Samples: Restructuring Support Agreement (Sundance Energy Inc.)

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