Common use of Revocation or Withdrawal of Plan Clause in Contracts

Revocation or Withdrawal of Plan. To the extent permitted by the Restructuring Support Agreement and subject to the consent rights therein (which are incorporated herein pursuant to Article I.H), the Debtors reserve the right to revoke or withdraw the Plan prior to the Confirmation Date and to File subsequent plans of reorganization. If the Debtors revoke or withdraw the Plan, or if Confirmation or Consummation does not occur, then: (1) the Plan shall be null and void in all respects; (2) any settlement or compromise embodied in the Plan (including the fixing or limiting to an amount certain, and including the Allowance or disallowance, of all or any portion of any Claim or Interest or Class of Claims or Interests), assumption or rejection (to the extent applicable) of Executory Contracts or Unexpired Leases effected under the Plan, and any document or agreement executed pursuant to the Plan, shall be deemed null and void; and (3) nothing contained in the Plan shall: (a) constitute a waiver or release of any Claims or Interests; (b) prejudice in any manner the rights of such Debtor or any other Entity; or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by such Debtor or any other Entity.

Appears in 1 contract

Samples: Restructuring Support Agreement (Lannett Co Inc)

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Revocation or Withdrawal of Plan. To the extent permitted by the Restructuring Support Agreement and subject to the consent rights therein (which are incorporated herein pursuant to Article I.H), the The Debtors reserve the right to revoke or withdraw the Plan prior to the Confirmation Date and to File subsequent plans of reorganization. If the Debtors revoke or withdraw the Plan, or if Confirmation or Consummation does not occur, then: (1) the Plan shall be null and void in all respects; (2) any settlement or compromise embodied in the Plan (including the fixing or limiting to an amount certain, and including the Allowance or disallowance, of all or any portion certain of any Claim or Interest or Class of Claims or Interests), assumption or rejection (to the extent applicable) of Executory Contracts or Unexpired Leases effected under the Plan, and any document or agreement executed pursuant to the Plan, shall be deemed null and void; and (3) nothing contained in the Plan shall: (a) constitute a waiver or release of any Claims or Interests; (b) prejudice in any manner the rights of such Debtor or any other Entity; or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by such Debtor or any other Entity.

Appears in 1 contract

Samples: Subscription Agreement (5E Advanced Materials, Inc.)

Revocation or Withdrawal of Plan. To the extent permitted by the Restructuring Support Agreement and subject to the consent rights therein (which are incorporated herein pursuant to Article I.H), the The Debtors reserve the right to revoke or withdraw the Plan prior to the Confirmation Date and to File file subsequent plans of reorganization. If the Debtors revoke or withdraw the Plan, or if Confirmation or Consummation does not occur, then: (1) the Plan shall be null and void in all respects; (2) any settlement or compromise embodied in the Plan (including the fixing or limiting to an amount certain, and including the Allowance or disallowance, of all or any portion certain of any Claim or Interest or Class of Claims or Interests), assumption or rejection (to the extent applicable) of Executory Contracts or Unexpired Leases effected under the Plan, and any document or agreement executed pursuant to the Plan, shall be deemed null and void; and (3) nothing contained in the Plan shall: (a) constitute a waiver or release of any Claims or Interests; (b) prejudice in any manner the rights of such Debtor or any other Entity; or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by such Debtor or any other Entity, including with respect to substantive consolidation and similar arguments.

Appears in 1 contract

Samples: Restructuring and Support Agreement (NBC Acquisition Corp)

Revocation or Withdrawal of Plan. To the extent permitted by the Restructuring Support Agreement and subject to the consent rights therein (which are incorporated herein pursuant to Article I.H), the The Debtors reserve the right to revoke or withdraw the this Plan prior to the Confirmation Date and to File subsequent plans of reorganization. If the Debtors revoke or withdraw the this Plan, or if Confirmation or Consummation does not occur, then: (1) the this Plan shall be null and void in all respects; (2) any settlement or compromise embodied in the this Plan (including the fixing or limiting to an amount certain, and including the Allowance or disallowance, of all or any portion certain of any Claim or Equity Interest or Class of Claims or Equity Interests), assumption or rejection (to the extent applicable) of Executory Contracts or Unexpired Leases effected under the this Plan, and any document or agreement executed pursuant to the this Plan, shall be deemed null and void; and (3) nothing contained in the this Plan shall: (a) constitute a waiver or release of any Claims or Equity Interests; (b) prejudice in any manner the rights of such Debtor or any other Entity; or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by such Debtor or any other Entity. ARTICLE XI.

Appears in 1 contract

Samples: Appgate, Inc.

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Revocation or Withdrawal of Plan. To the extent permitted by the Restructuring Support Agreement and subject β€Œ Subject to the consent rights therein (which are incorporated herein pursuant to Article I.H)conditions and limitations set forth in the RPSA, the Debtors reserve the right to revoke or withdraw the Plan prior to before the Confirmation Date and to File file subsequent plans of reorganizationchapter 11 plans. If the Debtors revoke or withdraw the Plan, or if Confirmation or Consummation the Effective Date does not occur, then: (1a) the Plan shall will be null and void in all respects; (2b) any allowance of a Claim or any other settlement or compromise embodied in the Plan (including the fixing or limiting to an amount certain, and including the Allowance or disallowance, of all or any portion of any Claim or Interest or Class of Claims or Interests)Plan, assumption or rejection (to the extent applicable) of Executory Contracts or Unexpired Leases effected under by the Plan, and any document or agreement executed pursuant to the Plan, shall hereto will be deemed null and voidvoid in all respects; and (3c) nothing contained in the Plan shall: shall (a1) constitute a waiver or release of any Claims Claims, Interests, or Interests; Causes of Action, (b2) prejudice in any manner the rights of such any Debtor or any other Entity; , or (c3) constitute an admission, acknowledgement, offer, or undertaking of any sort by such any Debtor or any other Entity.

Appears in 1 contract

Samples: Restructuring and Plan Support Agreement

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