Common use of Statutory Committee and Cessation of Fee and Expense Payment Clause in Contracts

Statutory Committee and Cessation of Fee and Expense Payment. On the Effective Date, any statutory committee appointed in the Chapter 11 Cases shall dissolve and members thereof shall be released and discharged from all rights and duties from or related to the Chapter 11 Cases. The Reorganized Debtors shall no longer be responsible for paying any fees or expenses incurred by the members of or advisors to any statutory committees after the Effective Date.

Appears in 9 contracts

Samples: Subscription Agreement (5E Advanced Materials, Inc.), Restructuring Support Agreement (Avaya Holdings Corp.), Agreement and Plan of Merger (HighPoint Resources Corp)

AutoNDA by SimpleDocs

Statutory Committee and Cessation of Fee and Expense Payment. On the Effective Date, any statutory committee Committee appointed in the Chapter 11 Cases shall dissolve and members thereof shall be released and discharged from all rights and duties from or related to the Chapter 11 Cases. The Reorganized Debtors shall no longer be responsible for paying any fees or expenses incurred by the members of or advisors to any statutory committees committees, including any Committee, after the Effective Date.

Appears in 1 contract

Samples: Recapitalization Agreement (Ventura Capital Privado, S.A. De C.V.)

Statutory Committee and Cessation of Fee and Expense Payment. On the Plan Effective Date, any statutory committee appointed in the Chapter 11 Cases shall dissolve and members thereof shall be released and discharged from all rights and duties from or related to the Chapter 11 Cases. The Reorganized Debtors shall no longer be responsible for paying any fees or expenses incurred by the members of or advisors to any statutory committees after the Plan Effective Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (QualTek Services Inc.)

Statutory Committee and Cessation of Fee and Expense Payment. On the Effective Confirmation Date, any statutory committee appointed in the Chapter 11 Cases shall dissolve and members thereof shall be released and discharged from all rights and duties from or related to the Chapter 11 Cases. The Reorganized Debtors or the Post-Effective Date Debtors, as applicable, shall no longer be responsible for paying any fees or expenses incurred by the members of or advisors to any statutory committees after the Effective Confirmation Date.

Appears in 1 contract

Samples: Contingent Value Rights Agreement (Akumin Inc.)

Statutory Committee and Cessation of Fee and Expense Payment. On the Effective Confirmation Date, any statutory committee appointed in the Chapter 11 Cases shall dissolve and members thereof shall be released and discharged from all rights and duties from or related to the Chapter 11 Cases. The Reorganized Debtors shall no longer be responsible for paying any fees or expenses incurred by the members of or advisors to any statutory committees committee after the Effective Confirmation Date.

Appears in 1 contract

Samples: Restructuring Support Agreement (Lannett Co Inc)

AutoNDA by SimpleDocs

Statutory Committee and Cessation of Fee and Expense Payment. On the Effective Confirmation Date, any statutory committee appointed in the Chapter 11 Cases shall dissolve and members thereof shall be released and discharged from all rights and duties from or related to the Chapter 11 Cases. The Reorganized Debtors shall no longer be responsible for paying any fees or expenses incurred by the members of or advisors to any statutory committees after the Effective Confirmation Date.

Appears in 1 contract

Samples: Restructuring Support Agreement (View, Inc.)

Statutory Committee and Cessation of Fee and Expense Payment. On the Effective Date, any statutory committee appointed in the Chapter 11 Cases shall dissolve automatically and the members thereof shall be released and discharged from all rights rights, duties, responsibilities, and duties from liabilities arising from, or related to to, the Chapter 11 CasesCases and under the Bankruptcy Code. The Debtors (or Reorganized Debtors Debtors, as applicable) shall no longer be responsible for paying any fees or expenses incurred by the members of or advisors to any statutory committees committee after the Effective Date.

Appears in 1 contract

Samples: Restructuring Support Agreement (Denbury Resources Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.