Common use of General Settlement of Claims and Interests Clause in Contracts

General Settlement of Claims and Interests. Unless otherwise set forth in the Plan, pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the classification, distributions, releases, and other benefits provided under the Plan, upon the Effective Date, the provisions of the Plan shall constitute a good-faith compromise and settlement of all Claims and Interests and controversies resolved pursuant to the Plan, including with respect to issues related to the value of the Debtors’ unencumbered property.

Appears in 1 contract

Samples: Restructuring Support Agreement (Quorum Health Corp)

AutoNDA by SimpleDocs

General Settlement of Claims and Interests. Unless otherwise set forth in the Plan, pursuant to section sections 363 and 1123 of the Bankruptcy Code and and, to the extent applicable, Bankruptcy Rule 9019, and in consideration for the classification, distributions, releases, and other benefits provided under the Plan, upon the Effective Date, the provisions of the Plan shall constitute a good-faith compromise and settlement of all Claims and Interests and controversies resolved pursuant to the Plan, including with respect to issues related to the value of the Debtors’ unencumbered property.

Appears in 1 contract

Samples: Restructuring Support Agreement (Chaparral Energy, Inc.)

General Settlement of Claims and Interests. Unless otherwise set forth in the Plan, pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the classification, distributions, releases, and other benefits provided under the Plan, upon on the Effective Date, the provisions of the Plan shall constitute a good-faith compromise and settlement of all Claims and Interests and controversies resolved pursuant to the Plan, including with respect to issues related to the value of the Debtors’ unencumbered propertyInterests.

Appears in 1 contract

Samples: Restructuring Support Agreement (EveryWare Global, Inc.)

AutoNDA by SimpleDocs

General Settlement of Claims and Interests. Unless otherwise set forth in the Plan, pursuant Pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the classification, distributions, releases, and other benefits provided under the Plan, upon the Effective Date, the provisions of the Plan shall constitute a good-good faith compromise and settlement of all Claims and Interests and controversies resolved pursuant to the Plan, including with respect . Subject to issues related to the value Article VI of the Debtors’ unencumbered propertyPlan, all distributions made to Holders of Allowed Claims and Allowed Interests in any Class are intended to be and shall be final.

Appears in 1 contract

Samples: Merger Agreement (Energy Future Intermediate Holding CO LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!