Examples of Chapter 11 Plan Effective Date in a sentence
Pursuant to the Order and as set forth in the Chapter 11 Plan, among other things, all equity securities of the Company issued and outstanding immediately prior to the Chapter 11 Plan Effective Date and the Effective Date (as defined in the Prior Agreement) of the Prior Agreement were discharged, terminated and cancelled.
Except during the period prior to the Chapter 11 Plan Effective Date, during which the Bankruptcy Court shall have exclusive jurisdiction, in relation to any legal action or proceeding arising out of or in connection with this Plan, the validity, construction and effect of the Plan and any rules and regulations relating to the Plan shall be determined in accordance with the laws of the State of Delaware and applicable federal law.
Pursuant to the Order and as set forth in the Chapter 11 Plan, upon the Chapter 11 Plan Effective Date, the Prior Agreement was deemed to be valid, binding and enforceable in accordance with its respective terms, and each Member was bound thereby, in each case, without the need for execution by any party thereto other than Avenue and the Company.
A Participant shall forfeit all of his or her rights to payment under this Plan in the event of such Participant’s termination of service due to the Participant’s voluntary resignation (other than for Good Reason) or a termination of the Participant’s employment by the Company for Cause prior to the Chapter 11 Plan Effective Date.
The Company shall, from ------------------------------------------- time to time, make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses from wrongful acts, or to ensure the Company's performance of its indemnification obligations under this Agreement.
In the event of a Participant’s termination of employment by the Company without Cause or by the Participant for Good Reason prior to the Chapter 11 Plan Effective Date, the Participant shall receive a lump-sum cash payment equal to the Participant’s KEIP Payment on the Chapter 11 Plan Effective Date.
Pursuant to the Order and as set forth in the Plan, among other things, all equity Securities of the Company issued and outstanding immediately prior to the Chapter 11 Plan Effective Date were discharged, terminated and cancelled.
The Plan, as set forth herein, became effective on the Chapter 11 Plan Effective Date.
Participants, and any beneficiaries thereof having or claiming a right to payments hereunder, will rely solely on the unsecured promise of the Company, and any such person will have no right greater than as a general unsecured creditor of the reorganized Company; provided, however, that any amounts due on the Chapter 11 Plan Effective Date shall be administrative expense claims under the Company’s plan of reorganization.
Except during the period prior to the Chapter 11 Plan Effective Date, during which the Bankruptcy Court shall have exclusive jurisdiction, in relation to any legal action or proceeding arising out of or in connection with this Plan, the validity, construction and effect of this Plan and any rules and regulations relating to this Plan shall be determined in accordance with the laws of the State of Texas and applicable federal law.