Creditor Release definition

Creditor Release means that certain form of release, attached to the Disclosure Statement as Exhibit I that constitutes the applicable Claimant’s acknowledgment and agreement that, except as provided in the Plan, all Claims, demands, liabilities, other debts against, or Interests in, the Debtors have been released, discharged and enjoined in accordance with Article IX of the Plan.
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Examples of Creditor Release in a sentence

  • As described further in the Plan, receipt of the above outlined Distributions are subject to the compliance by the recipient of any such Distribution with certain requirements and pre-requisites, including but not limited to compliance with the Distribution Procedures (which, in certain instances and to the extent permitted by applicable law, requires the execution of a Creditor Release).

  • With respect to Claimants in Classes 5(b), 5(g), 6(a), and 8(a), the Debtors are requiring such Claimants to sign and deliver the Creditor Release as a condition to receiving distributions under the Plan.

  • The Creditor Release simply restates and reaffirms the effect of the Plan.

  • Many of the Debtors’ Claimants reside outside of U.S. jurisdiction, and although the Confirmation Order will apply extraterritorially, the Creditor Release will assist the Debtors’ efforts to enforce the provisions of the Plan in the event that any Claimants attempt to circumvent its provisions in a foreign jurisdiction.

  • The Liquidating Trustee or Disbursing Agent shall use the remaining Lone Star Creditor Release Settlement Payment to fund Subsequent Distributions, in the same manner as set forth in this Plan, to Holders of Allowed Class 3 C Claims, with Holders of Allowed Class 3 C Claims continuing to receive their Pro Rata Share of the remaining Lone Star Creditor Release Settlement Payment.

  • The Collateral Agent shall complete and deliver to Escrow Agent a completed Enforcement Notice in form ready for execution by Escrow Agent once Escrow Agent is directed to deliver an Enforcement Notice upon receipt of a Secured Creditor Release Notice.

  • Class 5(a) consists of all Allowed Convenience Claims against Luminent to the extent the Holders of such Claims have properly made the Creditor Release Election.

  • The Liquidating Trustee or Disbursing Agent shall hold the remaining Lone Star Creditor Release Settlement Payment in a segregated account in trust for the benefit of the remaining Holders of Class 3 C Claims.

  • Upon receipt of a Secured Creditor Release Notice, Escrow Agent shall as soon as practicable take the actions set forth in such Secured Creditor Release Notice.

  • Escrow Agent shall transfer the Escrowed Property strictly in accordance with each Excluded Subsidiary Transfer Instruction (but only as to Excluded Subsidiaries), Restricted Subsidiary Transfer Instruction (but only as to Restricted Subsidiaries), Settlement Notice or Secured Creditor Release Notice received by it hereunder or as otherwise as expressly provided herein.

Related to Creditor Release

  • Debtor Release means the release given on behalf of the Debtors and their Estates to the Released Parties as set forth in Article VIII.D of the Plan.

  • Minor Release means an incremental release of Software that provides maintenance fixes and additional Software functions. Cisco designates Minor releases as a change in the tenths digit of the Software version number [x.(x).x].

  • Major Release means a major update or upgrade to the Software, which includes significant enhancements and/or a major redesign of the Software, identified by Bosch by a change to the first digit in the release number (e.g. change from version 2.0 to 3.0).

  • Request for Release A release signed by a Servicing Officer, in the form of Exhibit E attached hereto.

  • Third-Party Release means the release given by each of the Releasing Parties to the Released Parties as set forth in Article VIII.E of the Plan.

  • Work release means a program of partial confinement

  • Threatened Release means a substantial likelihood of a Release which requires action to prevent or mitigate damage to the soil, surface waters, groundwaters, land, stream sediments, surface or subsurface strata, ambient air or any other environmental medium comprising or surrounding any Property which may result from such Release.

  • Deed of Release has the meaning set out in the Restructuring Implementation Deed;

  • Release means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air, soil, surface water or groundwater.

  • Guarantor Request and "Guarantor Order" mean, respectively, a written request or order, as the case may be, signed in the name of the Guarantor by the Chairman of the Board, a Vice Chairman, the President or a Vice President, and by the Treasurer or an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Guarantor and delivered to the Trustee.

  • New Release means a partial or complete replacement of the executable code of the Software in machine-readable form, which may provide new features or functions. A New Release may incorporate some or no enhancements. A New Release involves only such alterations that change the release number to the immediate right of the decimal point. Changes to the release number are made solely at the discretion of the Licensor.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • General Release has the meaning stated in Section 6.03.

  • Senior Lender means each holder of a Senior Note.

  • Software Release means any subsequent, generally available version of Software provided after initial Delivery of Software, but does not mean a new Product.

  • Maintenance Release means any update, upgrade, release or other adaptation or modification of the Software, including any updated Documentation, that Contractor may generally provide to its licensees from time to time during the Term, which may contain, among other things, error corrections, enhancements, improvements or other changes to the user interface, functionality, compatibility, capabilities, performance, efficiency or quality of the Software.

  • SHIPPING RELEASE means the document issued by the inspector or the inspection agency nominated by the Purchaser authorising the Contractor to ship the Stores on satisfactory completion of inspection.

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Second Lien Agent means has the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Contractor Representative means any of the following:

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Earned release means earned release from confinement as

  • Creditor has the meaning set forth in Section 3.3.