Examples of Debtor Assets in a sentence
The Post-Effective Date Debtor will, in an expeditious but orderly manner, liquidate and convert to Cash the Post-Effective Date Debtor Assets, make timely distributions pursuant to the Plan and Confirmation Order, and not unduly prolong its duration.
To the maximum extent permitted by law, the Junior Creditor waives any claim it might have against the Senior Creditors with respect to, or arising out of, any action or failure to act or any error of judgment, negligence, or mistake or oversight whatsoever on the part of any Senior Creditor or their respective directors, officers, employees or agents with respect to any exercise of rights or remedies under the Senior Loan Documents or any transaction relating to the Debtor Assets.
The Senior Creditors shall be entitled to manage and supervise their financial accommodation to the Debtors in accordance with applicable law and as they deem appropriate under the circumstances, without regard to the existence of any rights that the Junior Creditor may now or in the future have in or to any of the Debtor Assets.
No Debtor shall grant, and the Affiliate shall not accept or assert, a Lien in favour of the Affiliate or any Person on its behalf over any of the Debtor Assets.
For the avoidance of doubt but without limitation, the Senior Creditors shall have the right, in their sole discretion, to exercise or refrain from exercising any powers, remedies or rights which any Senior Creditor may have thereunder and to otherwise deal freely with the Debtors and the Debtor Assets, all without affecting the liabilities and obligations of the Debtors and the Affiliate hereunder.
No Debtor shall grant, and the Junior Creditor shall not accept, a Lien in favour of the Junior Creditor or any Person on its behalf over any of its Debtor Assets.
The reasonable fees and expenses of such professionals shall be paid from the Post-Effective Date Debtor Assets upon the monthly submission of statements to the Plan Administrator.
All reasonable costs, expenses, and obligations incurred by the Plan Administrator in administering this Plan, the Post-Effective Date Debtor, or in any manner connected, incidental, or related thereto, shall be incurred and paid from the Post-Effective Date Debtor Assets in accordance with the Wind Down Budget.
For the avoidance of doubt but without limitation, the Senior Creditors shall have the right, in their sole discretion, to exercise or refrain from exercising any powers, remedies or rights which any Senior Creditor may have thereunder and to otherwise deal freely with the Debtors and the Debtor Assets, all without affecting the liabilities and obligations of the Debtors and the Junior Creditor hereunder.
The Senior Creditors shall be entitled to manage and supervise their financial accommodation to the Debtors in accordance with applicable law and as they deem appropriate under the circumstances, without regard to the existence of any rights that the Affiliate may now or in the future have in or to any of the Debtor Assets.