Bankruptcy Estates definition

Bankruptcy Estates has the meaning set forth in the recitals of this Agreement.
View Source
Bankruptcy Estates means the estates in bankruptcy of the
View Source
Bankruptcy Estates means the chapter 11 bankruptcy estates of ENET, ENC, and USC, collectively; and each of such Bankruptcy Estates is sometimes referred to individually as a "Bankruptcy Estate".
View Source

Examples of Bankruptcy Estates in a sentence

  • Notwithstanding any other provision of this Agreement, the Settlement shall not effect a release of claims against Old GM or the Old GM Bankruptcy Estates to the extent, and only to the extent, that such claims are asserted against, or are recoverable from, the AAT.

  • The Trustee hereby releases and waives all of the Bankruptcy Estates' rights to recover the NetBank Servicer Advances and/or the Lakeland Servicer Advances from any party, including, without limitation, NetBank, Lakeland, the NetBank Sureties, and the Lakeland Sureties.

  • The Allowed Claims represent all claims Westinghouse holds against the Bankruptcy Estates and any other claims or scheduled amounts against any of the Bankruptcy Estates shall be disallowed.

  • One Settlement Approved by the MDL Court – There shall be only one Settlement in which Releasing Parties release all released claims against New GM, Old GM, the Old GM Bankruptcy Estates, the GUC Trust, the AAT, and the other Released Parties, including a release of all economic loss claims filed, or that could have been filed, in MDL 2543 and in the Bankruptcy Case.

  • Westinghouse shall release all claims against the Bankruptcy Estates, the Committee and their respective professionals except to the extent of the claims allowed herein.

  • The Bankruptcy Estates and the Committee are fully apprised of the merits of the UBS Claims, support the approval of this Settlement Agreement, and waive any notice of this Settlement Agreement that may be required.

  • In exchange for the releases set forth herein and to resolve any interest in the Disputed Grain Asset Pool, the Bankruptcy Estates will receive a carve-out of $1,125,000.00 (the “Estate Carve-Out”).

  • If the net proceeds of such a sale of repossessed Lakeland Equipment exceeds the amount due to Lakeland with respect to that particular Lakeland Portfolio Lease, any excess amounts shall be retained by the Bankruptcy Estates free and clear of any claims by Lakeland.

  • Within a reasonable time after the Effective Date, the Trustee, for the benefit of the Bankruptcy Estates and Royal, shall file an action with the California Bankruptcy Court to pursue the Avoidance Claims (the ”Recovery Action”).

  • The Avoidance Claims will be pursued by the Trustee for the benefit of the Bankruptcy Estates and Royal pursuant to the Sharing Arrangement set forth in paragraphs 3 and 4 below.


More Definitions of Bankruptcy Estates

Bankruptcy Estates means the Debtors’ bankruptcy estates created pursuant to Section 541 of the Bankruptcy Code.
View Source
Bankruptcy Estates means the Debtors’ bankruptcy estates. “Beneficiaries” means the Lender Parties and the Environmental Trust.
View Source
Bankruptcy Estates means and includes the Debtors’ bankruptcy estates.
View Source

Related to Bankruptcy Estates

  • Bankruptcy Proceeding means any case, action or proceeding before any court or other Governmental Authority relating to any Bankruptcy Event.

  • Bankruptcy Laws has the meaning specified in Section 10.9.

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Bankruptcy Code means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in effect, or any successor statute.

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.