Examples of Chapter 11 Cases in a sentence
From the Petition Date through the date that this Agreement is executed, the Seller entities have been at all times in their respective Chapter 11 Cases a debtor in possession pursuant to section 1107 of the Bankruptcy Code, and no trustee or examiner has been appointed in the Chapter 11 Cases.
The Parties agree that any valuations of Parent’s or other Debtor’s assets or estates, whether implied or otherwise, arising from this Agreement shall not be binding for any other purpose, including determining recoveries under the Plan, and that this Agreement does not limit the Parties’ rights regarding valuation in the Chapter 11 Cases.
Since the Petition Date, except for the Chapter 11 Cases and any adversary proceedings or contested motions in connection therewith and other than as set forth in the Company Disclosure Schedules, no event, development, occurrence or change has occurred or exists that constitutes, individually or in the aggregate, a Material Adverse Effect.
Prior to the Closing Date, Seller shall not seek entry of an Order from the Bankruptcy Court converting the Chapter 11 Cases to one or more cases under any other chapter of the Bankruptcy Code.
Except for the Chapter 11 Cases and as set forth on Disclosure Schedule 5.14, there is no Proceeding or Order pending, outstanding or, to Seller’s Knowledge, threatened against Seller that seeks to restrain or prohibit or otherwise challenge the consummation, legality or validity of the transactions contemplated hereby or relate to or affect or are reasonably anticipated to affect the Purchased Assets.