Examples of AB Parties in a sentence
The treatment of these Claims will depend on whether such Claims are Claims of Riverstone or its Affiliates or Claims of one or more of the AB Parties.
Subject to the entry of the Confirmation Order, the AB Parties will waive any recovery or distribution on account of such General Unsecured Claims.
Prior to the Effective Date, the Plan Debtors may, with the consent of the AB Parties and subject to the consent rights in the RSA, make appropriate technical adjustments and modifications to this Plan without further order or approval of the Bankruptcy Court; provided, however, that such technical adjustments and modifications do not adversely affect in a material way the treatment of Holders of Claims or Interests under this Plan.
The Plan Debtors believe that the only General Unsecured Claims against the Aneth are the AB Parties’ claim on account of the Unsecured Term Loan Agreement and the deficiency claims of the AB Parties arising in connection with the First Lien Credit Agreement Secured Claims and that no other Claims will be Allowed in this Class.
The applicable AB Parties shall receive (A) the net Cash proceeds of the Exit Facility, if any, after the satisfaction of the Class 4 Claims of Riverstone of its Affiliates (as set forth herein) and (B) pro rata shares of 100% of the New Equity Interests in Reorganized Resolute (subject to dilution for a management incentive plan).
That same day, the AB Parties provided EPL and the Debtors with a Filing Notice (as defined in the RSA) that EPL failed to provide the AB Parties with documentation demonstrating that sufficient progress has been made with respect to the Recapitalization and declining to permit Aneth to loan any further amounts to EPL in respect of the Recapitalization.
All Executory Contracts and Unexpired Leases of the Plan Debtors shall be assumed on the Effective Date, except any such contract or lease which (a) was previously assumed or rejected by the Plan Debtors, (b) previously expired or terminated according to its terms, or (c) is specifically identified in the Plan supplement as a contract or lease to be rejected (which shall be subject to the consent of the AB Parties).
The Exit Facility will be a credit facility on terms that are reasonably acceptable to the Plan Debtors and the AB Parties and will be for an amount that will be sufficient to satisfy certain obligations under the Plan.
All determinations with respect to employment agreements, compensation plans, and indemnification provisions, including with respect to assumption or rejection of such contracts and agreements, shall be acceptable to the AB Parties, in consultation with Riverstone (in the event that Riverstone’s First Lien Credit Agreement Claim is not paid in full by the proceeds of the Exit Facility).
To provide initial liquidity to EPL to assist its efforts to facilitate a Recapitalization, notwithstanding the events of default under the Credit Agreements with respect to the Plan Debtors, on or about April 18, 2019, the AB Parties permitted the transfer of$250,000 from Aneth to EPL pursuant to an intercompany loan.