Conforming Plan definition

Conforming Plan. (a) a Reorganization Plan proposed by the Debtors that incorporates the terms and conditions set forth in the Restructuring Term Sheet attached as Exhibit H and is consistent in all material respects with the Restructuring Term Sheet (as may be modified in accordance with the terms of that certain letter agreement dated as of July 6, 2009 by and among the Borrower and certain of its Affiliates, JPMorgan Chase Bank, N.A. and the lender signatories thereto) or (b) a plan of reorganization proposed by the Debtors that provides for payment in full in cash of the Obligations.

Conforming Plan has the meaning ascribed to it in the Plan Support Agreement.

Conforming Plan has the meaning ascribed to it in Section 2.a.

Examples of Conforming Plan in a sentence

• The holders of Equity Interests in Dynegy, DH or the Surviving Entity shall not receive any distribution or retain any interest or property under the Conforming Plan on account of such holder’s Equity Interests.

• From and after the date hereof, each of the Parties agrees to use their respective commercially reasonable efforts to execute or cause to be executed and deliver or cause to be delivered all such agreements, instruments and documents and take or cause to be taken all such further actions as the Parties may reasonably deem necessary from time to time to carry out the intent and purpose of this Agreement and the Conforming Plan, and to consummate the transactions contemplated hereby and thereby.

• Each Party acknowledges that (a) no securities of either Dynegy or DH are being offered or sold hereby and this Agreement neither constitutes an offer to sell nor a solicitation of an offer to buy any securities of Dynegy, DH or any of their affiliates, and (b) this Agreement is not, and shall not be deemed to be, a solicitation of a vote for the acceptance of the Conforming Plan pursuant to section 1125 of the Bankruptcy Code.

• Tenant shall provide Landlord with, or cause Landlord to be provided with, evidence satisfactory to Landlord, in its sole discretion, of compliance with the foregoing requirement within five (5) days of the date of the confirmation of the Conforming Plan.

• Without limiting the conditions set forth herein, each Party's agreement to this Agreement and support for the Conforming Plan, the Conforming Restructuring Loan Documents and the Term Sheet is expressly conditioned on satisfaction of each of the terms and conditions set forth in the Term Sheet and this Agreement.

More Definitions of Conforming Plan

Conforming Plan means a plan of reorganization of Guarantor containing each of the following elements, and that will result upon confirmation in: (a) The Guaranty remaining unimpaired; (b) Guarantor and its wholly owned subsidiaries continuing to own or operate not less than three hundred (300) assisted living residences;

Conforming Plan means a Reorganization Plan (a) substantially consistent with the Restructuring Support Agreement and otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Required Lenders or (b) that provides for the termination of the Commitments and payment in full in cash of the Obligations on the Effective Date.

Conforming Plan means a plan that is subject to this rule.

Conforming Plan means a plan of reorganization of Guarantor containing each of the following elements, and that will result upon confirmation in:

Conforming Plan means a plan of reorganization of the Parent that contains each of the following elements and will result upon confirmation in:

Conforming Plan means a plan of reorganization of Tenant containing each of the following elements, and that will result upon confirmation in: (a) The Lease remaining unimpaired; (b) Tenant and its wholly owned subsidiaries continuing to own or operate not less than three hundred (300) assisted living residences;

Conforming Plan means a plan of reorganization for the Loan Parties that provides for the payment in full of all of the Obligations and all of the Prepetition Obligations or that is otherwise acceptable to the Administrative Agent and the Requisite Lenders in their sole discretion.