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

General Settlement of Claims and Interests. 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. Subject to Article VI of the Plan, 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: Assignment and Assumption Agreement (Energy Future Intermediate Holding CO LLC)

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General Settlement of Claims and Interests. Pursuant 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 good-faith compromise and settlement of all Claims and Interests and controversies resolved pursuant to the Plan. Subject , including with respect to Article VI issues related to the value of the Plan, all distributions made to Holders of Allowed Claims and Allowed Interests in any Class are intended to be and shall be finalDebtors’ unencumbered property.

Appears in 1 contract

Samples: Restructuring Support Agreement (Quorum Health Corp)

General Settlement of Claims and Interests. Pursuant 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 good-faith compromise and settlement of all Claims and Interests and controversies resolved pursuant to the Plan. Subject to Article VI of the Plan, all distributions made to Holders of Allowed Claims and Allowed Interests in any Class are intended to be and shall be finalInterests.

Appears in 1 contract

Samples: EveryWare Global, Inc.

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General Settlement of Claims and Interests. Pursuant 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 good-faith compromise and settlement of all Claims and Interests and controversies resolved pursuant to the Plan. Subject to Article VI of the Plan, 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: Restructuring Support Agreement (Chaparral Energy, Inc.)

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