Common use of Reimbursement or Contribution Clause in Contracts

Reimbursement or Contribution. If the Bankruptcy Court disallows a Claim for reimbursement or contribution of an Entity pursuant to section 502(e)(1)(B) of the Bankruptcy Code, then to the extent that such Claim is contingent as of the Effective Date, such Claim shall be forever Disallowed notwithstanding section 502(j) of the Bankruptcy Code, unless prior to the Effective Date (1) such Claim has been adjudicated as non-contingent, or (2) the relevant Holder of a Claim has Filed a non-contingent Proof of Claim on account of such Claim and a Final Order has been entered determining such Claim as no longer contingent.

Appears in 1 contract

Samples: Restructuring Support Agreement (Parker Drilling Co /De/)

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Reimbursement or Contribution. If the Bankruptcy Court disallows a Claim for reimbursement or contribution of an Entity pursuant to section 502(e)(1)(B) of the Bankruptcy Code, then to the extent that such Claim is contingent as of the Effective Date, such Claim shall be forever Disallowed disallowed notwithstanding section 502(j) of the Bankruptcy Code, unless prior to the Effective Date (1) such Claim has been adjudicated as non-contingent, or (2) the relevant Holder of a Claim has Filed a non-contingent Proof of Claim on account of such Claim and a Final Order has been entered determining such Claim as no longer contingent.

Appears in 1 contract

Samples: Restructuring Support Agreement (Whiting Petroleum Corp)

Reimbursement or Contribution. If the Bankruptcy Court disallows a Claim for reimbursement or contribution of an Entity pursuant to Bankruptcy Code section 502(e)(1)(B) of the Bankruptcy Code), then to the extent that such Claim is contingent as of the Effective Date, such Claim shall be forever Disallowed notwithstanding Bankruptcy Code section 502(j) of the Bankruptcy Code), unless prior to the Effective Date (1a) such Claim has been adjudicated as non-contingentnoncontingent, or (2b) the relevant Holder of a Claim has Filed filed a non-contingent noncontingent Proof of Claim on account of such Claim and a Final Order has been entered determining such Claim as no longer contingent.

Appears in 1 contract

Samples: Restructuring Support Agreement (Martin Midstream Partners L.P.)

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Reimbursement or Contribution. If the Bankruptcy Court disallows a Claim for reimbursement or contribution of an Entity pursuant to section 502(e)(1)(B) of the Bankruptcy Code, then to the extent that such Claim is contingent as of the Effective Date, such Claim shall be forever Disallowed disallowed notwithstanding section 502(j) of the Bankruptcy Code, unless prior to the Effective Date (1a) such Claim has been adjudicated as non-contingent, noncontingent or (2b) the relevant Holder holder of a Claim has Filed filed a non-contingent noncontingent Proof of Claim on account of such Claim and a Final Order has been entered determining such Claim as no longer contingent.. Table of Contents

Appears in 1 contract

Samples: Merger Agreement (DEX ONE Corp)

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