Common use of GENERAL PROVISIONS REGARDING THE PLAN Clause in Contracts

GENERAL PROVISIONS REGARDING THE PLAN. Subordination The classification and treatment of Claims under the Plan shall conform to the respective contractual, legal, and equitable subordination rights of such Claims, and any such rights shall be settled, compromised, and released pursuant to the Plan. Restructuring Transactions The Confirmation Order shall be deemed to authorize, among other things, all actions as may be necessary or appropriate to effectuate any transaction described in, approved by, contemplated by, or necessary to consummate the Plan and the Restructuring Transactions therein. On the Plan Effective Date, the Debtors, as applicable, shall issue all securities, notes, instruments, certificates, and other documents required to be issued pursuant to the Restructuring Transactions.

Appears in 3 contracts

Samples: Restructuring Support Agreement (Oasis Petroleum Inc.), Agreement, Uniti Group Inc.

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GENERAL PROVISIONS REGARDING THE PLAN. Subordination The classification and treatment of Claims under the Plan shall conform to the respective contractual, legal, and equitable subordination rights of such Claims, and any such rights shall be settled, compromised, and released pursuant to the Plan. Restructuring Transactions The Confirmation Order shall be deemed to authorize, among other things, all actions as may be necessary or appropriate to effectuate effect any transaction described in, approved by, contemplated by, or necessary to consummate effectuate the Plan Plan, including the Rights Offering and the issuance of all securities, notes, instruments, certificates, and other documents required to be issued pursuant to the Restructuring Transactions therein(collectively, the “Restructuring Transactions”). On the Plan Effective Date, the Debtors, as applicable, shall issue all securities, notes, instruments, certificates, and other documents required to be issued pursuant to the Restructuring TransactionsRestructuring.

Appears in 2 contracts

Samples: Dip Term (C&J Energy Services Ltd.), Up Agreement (C&J Energy Services Ltd.)

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GENERAL PROVISIONS REGARDING THE PLAN. Subordination The classification and treatment of Claims under the Plan shall conform to settle and compromise the respective contractual, legal, and equitable subordination rights of the Holders of such ClaimsClaims and any other rights impacting relative lien priority and/or priority in right of payment, and any such rights shall be settled, compromised, and released pursuant to the Plan. Restructuring Transactions The Confirmation Order shall be deemed to authorizeauthorize and ratify, among other things, all actions as may be necessary or appropriate appropriate, consistent with the RSA, to effectuate effect any transaction Restructuring Transaction or settlement described in, approved by, contemplated by, or necessary to consummate effectuate the Plan and the Restructuring Transactions thereinPlan. On the Plan Effective Date, the DebtorsDebtor, NewCo, and the Liquidating Trust, as applicable, shall issue all securities, notes, instruments, certificates, New Governance Documents (as defined herein), and other documents required to be issued pursuant to the Restructuring TransactionsRestructuring.

Appears in 1 contract

Samples: Restructuring Support Agreement (SVB Financial Group)

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