Common use of Revocation or Withdrawal of Plan Clause in Contracts

Revocation or Withdrawal of Plan. The Debtors reserve the right, subject to the terms of the Restructuring Support Agreement, to revoke or withdraw the Plan before the Confirmation Date and to file subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if the Confirmation Date or the Effective Date does not occur, then: (1) the Plan will be null and void in all respects; (2) any settlement or compromise embodied in the Plan, assumption of Executory Contracts or Unexpired Leases effected by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (3) nothing contained in the Plan shall (a) constitute a waiver or release of any Claims, Interests, or Causes of Action, (b) prejudice in any manner the rights of any Debtor or any other Entity, or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.

Appears in 1 contract

Samples: Restructuring Support Agreement (Quorum Health Corp)

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Revocation or Withdrawal of Plan. The Debtors reserve the right, subject Subject to the terms of the Restructuring Support Agreement, the Debtors reserve the right to revoke or withdraw the Plan with respect to any or all Debtors before the Confirmation Date and to file File subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if the Confirmation Date or the Effective Date does not occur, then: (1) the Plan will be null and void in all respects; (2) any settlement or compromise embodied in the Plan, assumption or rejection of Executory Contracts or Unexpired Leases effected effectuated by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (3) nothing contained in the Plan shall (a) constitute a waiver or release of any Claims, Interests, or Causes of ActionAction by any Entity, (b) prejudice in any manner the rights of any Debtor or any other Entity, or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.. Table of Contents

Appears in 1 contract

Samples: Restructuring Support Agreement (Whiting Petroleum Corp)

Revocation or Withdrawal of Plan. The Debtors reserve the right, subject to the terms of the Restructuring Support Agreement, right to revoke or withdraw the Plan with respect to any or all Debtors before the Confirmation Date and to file File subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if the Confirmation Date or the Effective Date does not occur, then: (1) the Plan will be null and void in all respects; (2) any settlement or compromise embodied in the Plan, assumption or rejection of Executory Contracts or Unexpired Leases effected effectuated by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (3) nothing contained in the Plan shall (a) constitute a waiver or release of any Claims, Interests, or Causes of ActionAction by any Entity, (b) prejudice in any manner the rights of any Debtor or any other Entity, or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.

Appears in 1 contract

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

Revocation or Withdrawal of Plan. The Debtors reserve the right, subject to the terms of the Restructuring Support Agreement, right to revoke or withdraw the Plan before the Confirmation Date and to file subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if the Confirmation Date or the Effective Date does not occur, then: (1a) the Plan will be null and void in all respects; (2b) any settlement or compromise Table of Contents embodied in the Plan, assumption or rejection of Executory Contracts or Unexpired Leases effected by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (3c) nothing contained in the Plan shall (a1) constitute a waiver or release of any Claims, Interests, or Causes of Action, (b2) prejudice in any manner the rights of any Debtor or any other Entity, or (c3) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.

Appears in 1 contract

Samples: Merger Agreement (DEX ONE Corp)

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Revocation or Withdrawal of Plan. The Debtors reserve the rightDebtors, subject to and in accordance with the terms of the Restructuring Support Agreement, reserve the right to revoke or withdraw the Plan before the Confirmation Date and to file subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if the Confirmation Date or the Effective Date does not occur, then: (1a) the Plan will be null and void in all respects; (2b) any settlement or compromise embodied in the Plan, assumption of Executory Contracts or Unexpired Leases effected by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (3c) nothing contained in the Plan shall (a1) constitute a waiver or release of any Claims, Interests, or Causes of Action, (b2) prejudice in any manner the rights of any Debtor or any other Entity, or (c3) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.

Appears in 1 contract

Samples: EveryWare Global, Inc.

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