Debtor Entities definition
Examples of Debtor Entities in a sentence
The Debtor Entities shall be responsible for making all appropriate filings relating to this Agreement or the Transactions with the Bankruptcy Court, which filings shall be submitted, to the extent practicable, to the Buyer prior to their filing with the Bankruptcy Court for the Buyer’s prior review.
This opinion letter is being delivered to you at the request of the Debtor Entities.
The releases contained in Section 5 of this Amendment shall be binding upon each of the Debtor Entities and shall inure to the benefit of WorldCom and the WorldCom Released Entities, and any of their respective successors and assigns.
Each of the Debtor Entities agrees to execute all appropriate and necessary documents to enable WorldCom or any of the WorldCom Entities, to plead the effect of the releases contained in Section 5 of this Amendment in any lawsuit.
The Canadian Debtor Entities plan to reorganize pursuant to the second amended and restated plan of reorganization and compromise of the Canadian Debtor Entities dated November 1, 2010 which has been filed with the Canadian Bankruptcy Court and as may be further amended, supplemented or otherwise modified from time to time (the “CCAA Plan,” and together with the Plan of Reorganization, the “Plans”) (collectively, such reorganizations hereinafter referred to as the “Reorganization”).
Notwithstanding any provision to the contrary herein, the Seller Debtor Entities shall not seek or agree to amend, vacate or modify any provision of the Bid Procedures Order or the Sale Approval Order without the prior written consent of the Purchaser, except to the extent that the Seller Debtor Entities determine cause exists under Rule 60(b)(3) of the Federal Rules of Civil Procedure.
In the event any Person seeks to obtain the Seller Disclosure Schedules without complying with the Bidding Procedures, the Seller Debtor Entities shall use their reasonable best efforts to seek and obtain a protective order with respect thereto, except as required by law.
At the Closing, the Debtor Entities shall assume and assign to the Buyer the Assumed Real Property Lease pursuant to sections 363 and 365 of the Bankruptcy Code.
Any plan of reorganization proposed by the Seller Debtor Entities shall incorporate the transactions contemplated by this Agreement and the entry of all orders provided for in this Agreement, including without limitation, the Bid Procedures Order, the Sale Approval Order, and Cash Collateral Orders.
In that regard, to the extent commercially reasonable, the Seller Debtor Entities shall promptly respond to objections to entry of the Bid Procedures Order and Sale Approval Order, conduct discovery proceedings, schedule and attend hearings and oppose any actions taken by the parties objecting to, appealing, or seeking a stay of the consummation of the sale of the Acquired Assets provided by this Agreement.