Examples of Bankruptcy Plan in a sentence
The 2014 Bankruptcy Plan provided that all of the payment obligations of the Agency under the outstanding Series 2007 Bonds were restructured by having the owners of all of the Series 2007 Bonds exchange such outstanding Series 2007 Bonds for Series 2014 Bonds (as defined below), with the payment obligations of the Corporation to be restructured as provided in an Installment Sale Agreement dated as of November 1, 2014 (the “2014 Installment Sale Agreement”).
The Bankruptcy Plan provides that all of the payment obligations of the Agency under the outstanding Series 2014 Bonds are to be restructured by having the owners of all of the Series 2014A Bonds and Series 2014B Bonds exchange such outstanding bonds for Series 2021B Bonds (as defined below), with the payment obligations of the Corporation to be restructured as provided this Agreement.