Debtor in Possession definition

Debtor in Possession means any Debtor, in its capacity as a debtor in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code.

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Debtor in Possession. ’ means debtor ex- cept when a person that has qualified under section 322 of this title is serving as trustee in the case;

Debtor in Possession means a debtor in respect of which insolvency proceedings have been opened which do not necessarily involve the appointment of an insolvency practitioner or the complete transfer of the rights and duties to administer the debtor's assets to an insolvency practitioner and where, therefore, the debtor remains totally or at least partially in control of its assets and affairs;

Examples of Debtor in Possession in a sentence

• That information includes, but is not limited to, copies of statements, deposit slips, checks and account agreements for all Bankruptcy Accounts maintained by Trustee, Standing Trustee, or Debtor in Possession at Depository.

• Since the Petition Date, Petrowax has been operating as Debtor in Possession pursuant to Section 1107.

• ESSENTIAL LIVING FOODS, INC., Debtor and Debtor in Possession By: Name: ▇▇▇▇ ▇▇▇▇▇▇▇ Its: Chief Executive Officer TERRAHOLDINGS, LLC, Buyer By: Name: ▇▇▇▇▇ ▇.

• The parties hereto agree that Corio, as a licensee of Commerce One's intellectual property, shall be afforded all of the protections afforded to a licensee under Section 365(n) of the United States Bankruptcy Code, as amended from time to time (the "CODE") so that the Trustee or Debtor in Possession, as defined in the Code, will not interfere with Corio's license with respect to the Software as provided in this Agreement, as set forth in Section 365(n) of the Code.

• I, ▇▇▇▇ ▇▇▇▇▇, Vice President and Controller, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and complete to the best of my knowledge.

More Definitions of Debtor in Possession

Debtor in Possession or “Debtors in Possession” shall mean one or more of the Debtors, each in its capacity as a debtor in possession pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code.

Debtor in Possession means the Debtor in its capacity as debtor-in-possession in the Chapter 11 Case pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code.

Debtor in Possession means each Debtor in its capacity as a debtor in possession under sections 1107(a) and 1108 of the Bankruptcy Code.

Debtor in Possession means a “debtor in possession” as defined in Chapter 11 of the United States Bankruptcy Code or any similar law.

Debtor in Possession means the Debtor, as debtor in possession in the Chapter 11

Debtor in Possession means the Debtor when acting in the capacity of representative of the estate in the Chapter 11 Case.

Debtor in Possession means the Debtor in its capacity and with the status and rights conferred by Sections 1107 and 1108 of the Bankruptcy Code.