Examples of Bankruptcy Plan in a sentence
Notwithstanding anything to the contrary set forth in this Lease or otherwise, except as otherwise expressly provided in the Bankruptcy Plan relative to the Tax Refund Escrow Agreement, Lessor shall not be required to pay, make or give to Tenant, and Tenant shall not be entitled to, any credits, offsets, prorations or payments of any kind or nature whatsoever on account of any payment, nonpayment or other event occurring prior to the Existing Lease Effective Date.
Lessor and Tenant acknowledge and agree that the provisions of this Lease relative to Base Rent and the deferred payment of portions of the Base Rent and the accrual of interest on such deferred Rent have been negotiated at arms-length and have been included herein for the sole purpose of improving the creditworthiness of Tenant and obtaining the necessary approvals of the Bankruptcy Plan, including, without limitation, satisfying the requirements relative to the feasibility of the Bankruptcy Plan.
Subject to the terms and conditions set forth herein and in accordance with the Bankruptcy Plan, each Initial Lender (i) is deemed to have made, on the Closing Date, a term loan to the Borrower denominated in Dollars in the amount of such Initial Lender’s Initial Term Commitment and (ii) is deemed to have executed and delivered, on the Closing Date, this Agreement, regardless of whether such Initial Lender has executed and delivered a signature page hereto to the Borrower on the Closing Date.
After LMRI filed its “Disclosure Statement to Debtor’s Plan of Reorganization” on July 17, 2013, Hernandez voted to accept the Bankruptcy Plan of Reorganization (“the Plan”) and elected Class 5A treatment.
The Confirmation Order and the Bankruptcy Plan shall approve the Amended and Restated Certificate of Incorporation and the Amended and Restated Bylaws and shall direct and authorize the Company to file each with the Secretary of State for the State of Delaware.