Approved Reorganization Plan definition

Approved Reorganization Plan means the Debtors’ Reorganization Plan attached as Exhibit A to the Plan Support Agreement, confirmed by the Bankruptcy Court pursuant to the Approved Confirmation Order, providing for payment of the Obligations in full in cash and reorganization of the Debtors subject to the financial information and proposed capitalization set forth therein, as such Reorganization Plan may be amended or modified from time to time; provided, that any modification or amendment that (x) relates to the Pre-Petition Loan Documents, the Pre-Petition Note Agreements, the DIP Facility or the Exit Facility or (y) could reasonably be expected to materially adversely affect the interests of any of the Administrative Agent, the Lenders, the administrative agent under the Exit Facility and the lenders under the Exit Facility shall require the consent of each of the Administrative Agent, the Lenders, the administrative agent under the Exit Facility and the lenders under the Exit Facility.
Sample 1Sample 2
Approved Reorganization Plan means the Joint Plan of Reorganization filed by the Parent Guarantor and the Operating Partnership in the Chapter 11 Cases, which (i) shall provide for the ratification and assumption of the Guaranteed Obligations (as amended hereby) by the Guarantors or by their successors in interest, and (ii) must be consistent in all material respects with the terms of this Amendment and the Approved Restructuring Support Agreement, and otherwise satisfactory to the Agent and the Required Lenders as communicated in writing to the Loan Parties.
Sample 1Sample 2
Approved Reorganization Plan means the plan of reorganization substantially in the form of Exhibit E-1, and modifications or supplements with respect thereto, other than any modification or supplement that (a) alters the debt capital structure of the Loan Parties, (b) allows for the incurrence of material Indebtedness upon the effective date of the Approved Reorganization Plan not otherwise contemplated under the Approved Reorganization Plan (without giving effect to any such modification or supplement), (c) changes the priority of any Indebtedness from that set forth in the Approved Reorganization Plan (without giving effect to any such modification or supplement) or (d) is otherwise materially adverse to the Lenders.
Sample 1

Examples of Approved Reorganization Plan in a sentence

  • Any of the Bankruptcy Events set forth in section 8.01(k) shall occur, including: (a) an order confirming a Chapter 11 Plan other than a Company Approved Reorganization Plan; and (b) any of the Obligors shall file or support any pleading seeking relief the grant of which would give rise to an Event of Default.

  • Harbrew Florida was incorporated in the state of Florida on January 4, 2007, under the former name Stassi Harbrew Imports Corp., pursuant to the Bankruptcy Court Approved Reorganization Plan for the Stassi Interaxx, Inc.

  • Pursuant to the exercise of their equity conversion option, the shareholders are required to hold a shareholders’ meeting (and have the right to require that such a meeting be held) to approve any plan that is a Company Approved Reorganization Plan.

  • The “Effective Date” of the Approved Reorganization Plan has occurred.

  • Some final considerations are required as to the implications of the different forms of financing of the above emergency and recovery plans, and of government interventions more in general.

  • The Debtors argue that Chilean law requires shareholder approval of any chapter 11 plan involving a capital raise, and thus describe the agreement of the Tranche C DIP Lenders to approve a Company Approved Reorganization Plan, take all Chilean law corporate actions necessary to implement the plan, and to waive their pre-emptive rights as a “key non-economic benefit”.

  • Propose, file, solicit votes for, support, consent to or prosecute a Reorganization Plan or disclosure statement attendant thereto for the Borrower that is not a Lender Approved Reorganization Plan or otherwise acceptable to Lender, in form and substance.ARTICLE VI [INTENTIONALLY LEFT BLANK] ARTICLE VII TERMINATION7.1 Termination.

  • Propose, file, solicit votes for, support, consent to or prosecute a Reorganization Plan or disclosure statement attendant thereto for the Borrower that is not a Lender Approved Reorganization Plan or otherwise acceptable to Lender, in form and substance.

  • It is also an event of default under the Proposed DIP Credit Agreement for any plan of reorganization to be approved that is not a Company Approved Reorganization Plan.

  • No Tranche C Lender shall be bound in its capacity as shareholder by any prior actions taken under Section 2.12(b)(ii) with respect to a Company Approved Reorganization Plan in the event a Company Approved Reorganization Plan is not confirmed pursuant to an order of the Bankruptcy Court.


More Definitions of Approved Reorganization Plan

Approved Reorganization Plan means any proposed plan of reorganization in the Bankruptcy Cases approved by Lenders in their sole discretion. Lenders have approved the "Plan of Reorganization Dated May ___, 2003."
Sample 1

Related to Approved Reorganization Plan

  • Reorganization Plan means a plan of reorganization in any of the Cases.

  • Capital Reorganization shall have the meaning set forth in Section 4.3.

  • Pre-Acquisition Reorganization has the meaning set out in Section 6.8;

  • Permitted Reorganization means any reorganizations and other activities related to tax planning and tax reorganization, so long as, after giving effect thereto, the enforceability of the Note Guarantees, taken as a whole, are not materially impaired.

  • Corporate Reorganization means any change in the legal existence of any Obligor (other than a Capital Reorganization) including by way of amalgamation, merger, winding up, continuance or plan of arrangement.

  • Pre-Closing Reorganization has the meaning set forth in the Recitals.

  • Plan of Reorganization means any plan of reorganization, plan of liquidation, agreement for composition, or other type of plan of arrangement proposed in or in connection with any Insolvency or Liquidation Proceeding.

  • Steps Plan means a plan evidenced by Eligible Information contemplating that there will be a series of successions to some or all of the Relevant Obligations of the Reference Entity, by one or more entities.

  • Common Share Reorganization has the meaning set forth in Section 4.1;

  • Chapter 11 Plan means a plan of reorganization or liquidation filed in any of the Chapter 11 Cases under Section 1121 of the Bankruptcy Code.

  • Restructuring Plan means the extrajudicial restructuring plan, filed with the Sao Paulo Bankruptcy and Reorganization Court on August 19, 2020 (the “Restructuring Plan Filing Date”), providing for the issuance of the Securities and of the New Notes in exchange for the restructuring of various financial debts of OEC and certain of its Affiliates, as duly amended from time to time.

  • Internal Reorganization has the meaning set forth in the Separation Agreement.

  • Reorganization Transaction see clause (d) of the definition of “Change of Control.”

  • Business Transaction means any initial merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses involving the Company.

  • Reorganization Transactions shall have the meaning set forth in the recitals.

  • Bank Merger Agreement has the meaning set forth in Section 6.10.

  • Business Combination Proposal has the meaning set forth in Section 5.8.

  • Implementation Plan means the schedule included in the Statement of Work setting forth the sequence of events for the performance of Services under the Statement of Work, including the Milestones and Milestone Dates.

  • Business Combination Agreement shall have the meaning given in the Recitals hereto.

  • Reorganization Agreement has the meaning set forth in the recitals.

  • Superior Acquisition Proposal means any Acquisition Proposal containing terms which the Company Board determines in its good faith judgment (based on the advice of an independent financial advisor) to be more favorable to the Company’s stockholders than the Merger and for which financing, to the extent required, is then committed or which, in the good faith judgment of the Company Board, is reasonably capable of being obtained by such third party.

  • Company Acquisition Proposal means any offer, indication of interest or proposal (other than an offer or proposal made or submitted by or on behalf of Parent or any of its Subsidiaries) contemplating or otherwise relating to any Company Acquisition Transaction.

  • Parent Acquisition Proposal means any offer or proposal for, or any indiction of interest in, a merger, consolidation or other business combination involving Parent or any of the Parent Subsidiaries or the acquisition of any equity interest in, or a substantial portion of the assets of, Parent or any of the Parent Subsidiaries, other than the transactions contemplated by this Agreement and the Other Purchase Agreements.

  • Exit Plan means the exit management plan developed by the Contractor and approved by the Authority in accordance with Clause 44 (Exit Management).

  • Project Implementation Plan means the detail plan submitted by the Developer with regard to development of Project Facilities and its operation and management thereof in accordance with this Agreement and to be appended as Schedule 9 to this Agreement.

  • the Approved Guidance means such guidance on the obtaining, recording and maintaining of information about costs and on the breaking down and allocation of costs by reference to Approved Reporting Currencies as may be published by Monitor; “Approved ReportingCurrencies” means such categories of cost and other relevant information as may be published by Monitor; “other relevant information” means such information, which may include quality and outcomes data, as may be required by Monitor for the purpose of its functions under Chapter 4 (Pricing) in Part 3 of the 2012 Act.