Common use of Vesting of Assets Clause in Contracts

Vesting of Assets. On the Effective Date, pursuant to sections 1141(b) and (c) of the Bankruptcy Code, all operating assets of the Company’s estates shall vest in Reorganized Citadel free and clear of all claims, liens, encumbrances, charges and other interests, except as otherwise provided in the Plan.

Appears in 1 contract

Samples: Letter Agreement (Citadel Broadcasting Corp)

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Vesting of Assets. On the Effective Date, and if applicable, pursuant to sections 1141(b) and (c) of the Bankruptcy Code, all operating assets of the Company’s estates shall Estates will vest in the Reorganized Citadel Company free and clear of all claims, liens, encumbrances, charges and other interests, except as otherwise provided in the Plan.

Appears in 1 contract

Samples: Securities Purchase Agreement (Halcon Resources Corp)

Vesting of Assets. On the Effective Date, pursuant to sections 1141(b) and (c) of the Bankruptcy Code, all operating assets of the Company’s estates shall vest in the Reorganized Citadel Company and the Reorganized Company free and clear of all claims, liens, encumbrances, charges and other interests, except as otherwise provided in the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (Tousa Inc)

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Vesting of Assets. On the Effective Date, pursuant to sections 1141(b) and (c) of the Bankruptcy Code, all operating assets of the Company’s estates shall vest in Reorganized Citadel Keystone free and clear of all claims, liens, encumbrances, charges and other interests, except as otherwise provided in the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (Keystone Automotive Operations Inc)

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