Debtor Release Parties definition

Debtor Release Parties means, collectively and solely in such capacity, the Debtor’s current and former directors, officers, and trustees, provided, however, that the Debtor Release Parties shall expressly exclude all Excluded Former Officers.
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Debtor Release Parties means, collectively, the Debtor, Todd Smith, Benjamin Bove, Gavin Toepke, Robert G. Previdi, Ronald Nordman, Thomas J. Allison, Thomas
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Debtor Release Parties means, collectively and solely in such capacity, the Debtor’s current and former directors, officers, and trustees, the Committee, each current and former
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Examples of Debtor Release Parties in a sentence

  • The Debtor Release Parties shall not be deemed to withdraw their Subrogation Claims; provided, however, that such Claims may be asserted solely against the Reorganized Debtor, and may not be asserted until after the Repayment Date.

  • For the avoidance of doubt, except with respect to the 42 North Claim and the Novos Net Claim, both of which are subordinated to all General Unsecured Claims that are not asserted by affiliates or insiders of the Debtor pursuant to Article VII.A.4 of the Plan, the Debtor Release Parties shall not be entitled to nor shall they receive Litigation Trust Interests or Distributions from the Litigation Trust on account of their Claims against the Debtor, if any.

  • In the absence of any viable claims, pursuing litigation against the Debtor Release Parties, many of whom are parties to indemnification agreements with the Debtor, would be a costly and futile exercise which could potentially deplete the estate of valuable funds.

  • The Debtor’s directors remained in their positions throughout the case, and did so without compensation.The Debtor Release Parties in this case were presented with a challenge rarely faced by similar parties in other chapter 11 cases -- meeting the dual duty of preserving the Debtor’s charitable mission while also providing a substantial benefit to the Debtor’s creditors.

  • At the same time, the Debtor Release Parties successfully worked toward the development of a consensual and feasible Plan that provides significant distributions to unsecured creditors.

  • The Debtor Release Parties have devoted countless amounts of time and immeasurable energy toward these ends.

  • In addition, after the Settlement Effective Date and prior to dismissal of the California District Court Action with prejudice, the Debtor Release Parties shall not use this release as a defense to the claims and defenses alleged in the California District Court Action, provided that Karma shall not take any steps to prosecute the California District Court Action following the Settlement Effective Date, unless and until this Agreement is terminated in accordance with Section 2.7.

  • For the avoidance of doubt, except with respect to the 42 North Claim and the Novos Net Claim, both of which are subordinated to all General Unsecured Claims that are not asserted by affiliates or insiders of the Debtor pursuant to Article VII.A.4 of the Plan, the Debtor Release Parties shall not be entitled to Litigation Trust Interests or Distributions from the Litigation Trust on account of their Claims against the Debtor, if any.

  • Corp., 150 B.R. at 522 (“[T]he court need not conduct a ‘mini- trial’ to determine the merits of the underlying [dispute].”).investigation regarding the claims covered by the Debtor’s releases, the Committee has investigated potential causes of action the Debtor might pursue against its directors, officers, and trustees, and has not identified any viable cause of action against any of the Debtor Release Parties.

  • Except as set forth in the License Agreement, no provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any individual or entity other than the Parties hereto and their respective successors and permitted assigns; provided, that, each of the Karma Release Parties and the Debtor Release Parties shall be direct third-party beneficiaries of the terms of this Agreement applicable to such parties.


More Definitions of Debtor Release Parties

Debtor Release Parties means, collectively and solely in such capacity, the Debtor’s current and former directors, officers, and trustees, the Committee, each current and former member of the Committee and, with respect to each of the foregoing, their respective officers, directors, managers, members, accountants, financial advisors, investment bankers, agents, restructuring advisors, attorneys, representatives or other professionals serving during the pendency of the Cases (solely acting in their capacities as such), provided, however, that the Debtor Release Parties shall expressly exclude all Excluded Former Officers.
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Debtor Release Parties means, collectively and solely in such capacity, the Debtor’s current and former directors, officers, and trustees, provided, however, that the Debtor Release Parties shall expressly exclude all Excluded Former Officers. “Excluded Former Officer” means any former officer of the Debtor who was not employed by the Debtor as of the Petition Date, including, without limitation, Gail Magaliff and Ira Machowsky.
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Related to Debtor Release Parties

  • 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.

  • 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).

  • Contractor Related Parties means any affliates of the Contractor and the Contractor's executive officers, Pennsylvania officers and directors, or owners of 5 percent or more interest in the Contractor.

  • Seller Released Parties has the meaning ascribed to such term in Section 5.6(a).

  • Plaintiffs’ Releasees means Plaintiffs, and any and all of their related parties, including, without limitation, any and all members of their immediate families, agents or other persons acting on their behalf, attorneys, advisors, financial advisors, accountants, assigns, creditors, heirs, estates and legal representatives.

  • Released PAGA Claims means the claims being released as described in Paragraph 6.2 below.

  • 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.

  • Contractor Representative means any of the following:

  • Responsible Parties means all Retailers and Customers, including Transmission Load Customers, Distribution Load Customers, DG Customers, MG Customers or agents of the foregoing;

  • Civil action means all suits or claims of a civil nature in a state or federal court, whether cognizable as cases at law or in equity or admiralty. "Civil action" does not include any of the following:

  • Released Plaintiffs’ Claims means all any and all manner of claims, demands, rights, liabilities, losses, obligations, duties, damages, costs, debts, expenses, interest, penalties, sanctions, fees, attorneys’ fees, actions, potential actions, causes of action, suits, agreements, judgments, decrees, matters, issues and controversies of any kind, nature, or description whatsoever, whether known or unknown, disclosed or undisclosed, accrued or unaccrued, apparent or not apparent, foreseen or unforeseen, matured or not matured, suspected or unsuspected, liquidated or not liquidated, fixed or contingent, including Unknown Claims, whether based on state, local, foreign, federal, statutory, regulatory, common, or other law or rule (including claims within the exclusive jurisdiction of the federal courts, such as, but not limited to, federal securities claims or other claims based upon the purchase or sale of Class Shares), that are, have been, could have been, could now be, or in the future could, can, or might be asserted, in the Action or in any other court, tribunal, or proceeding by Plaintiff or any other Activision stockholder derivatively on behalf of Activision or as a member of the Class, or by Activision directly against any of the Defendants’ Releasees, which, now or hereafter, are based upon, arise out of, relate in any way to, or involve, directly or indirectly, any of the actions, transactions, occurrences, statements, representations, misrepresentations, omissions, allegations, facts, practices, events, claims or any other matters, things or causes whatsoever, or any series thereof, that relate in any way to, or could arise in connection with, the Transaction (or relate to or arise as a result of any of the events, acts or negotiations related thereto) and the nomination, appointment or election of Activision directors, including but not limited to those alleged, asserted, set forth, claimed, embraced, involved, or referred to in, or related to the Fifth Amended Class and Derivative Complaint or the Action, except for claims relating to the enforcement of the Settlement and for any claims that Defendants may have against any of their insurers, co-insurers or reinsurers that are not otherwise released pursuant to other documentation. For the avoidance of doubt, the Released Plaintiff’s Claims include all of the claims asserted in the Miller Action, but do not include claims based on conduct of Defendants’ Releasees after the Effective Date.

  • Responsible Party means a public or private body or any other person which, alone or in conjunction with others, determines the purpose of and means for processing personal information, as defined in POPI.

  • Released Parties means: Defendant and each of its former and present directors, officers, shareholders, owners, members, attorneys, insurers, predecessors, successors, assigns, subsidiaries, and affiliates.

  • Releasing Party has the meaning set forth in Section 12.2.

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Released Plaintiff Claims means any and all manner of claims, demands, rights, liabilities, losses, obligations, duties, damages, costs, debts, expenses, interest, penalties, sanctions, fees, attorneys’ fees, actions, potential actions, causes of action, suits, agreements, judgments, decrees, matters, counterclaims, offsets, issues, and controversies of any kind, nature, or description whatsoever, whether accrued or unaccrued, disclosed or undisclosed, apparent or not apparent, foreseen or unforeseen, matured or not matured, suspected or unsuspected, liquidated or not liquidated, fixed or contingent, whether based on state, local, federal, statutory, regulatory, common, or other law or rule, including known claims and Unknown Claims, that (a) were asserted in the Derivative Matters, or (b) Plaintiffs (individually or derivatively on behalf of AMC) or AMC ever had, now have, or hereafter can, shall, or may have that, in full or in part, concern, relate to, arise out of, or are in any way connected to the claims, allegations, transactions, facts, circumstances, events, acts, disclosures, statements, representations, omissions, or failures to act alleged, set forth, referred to, or involved in the Derivative Matters. For the avoidance of doubt, the Released Plaintiff Claims shall not include any claims to enforce the Stipulation or the Settlement.

  • Released Defendants’ Claims means all claims and causes of action of every nature and description, whether known claims or Unknown Claims, whether arising under federal, state, common or foreign law, that arise out of or relate in any way to the institution, prosecution, or settlement of the claims asserted in the Action against Defendants. Released Defendants’ Claims do not include: (i) any claims relating to the enforcement of the Settlement;

  • Releasing Parties means Plaintiffs and all Settlement Class Members, and each of their respective executors, representatives, heirs, predecessors, assigns, beneficiaries, successors, bankruptcy trustees, guardians, joint tenants, tenants in common, tenants by entireties, agents, attorneys, and all those who claim through them or on their behalf.

  • Non-Recourse Parties has the meaning provided in Section 12.16.

  • Released Person means any person who is released on bail or on his personal bond, as the case may be;

  • Defendant Releasees means each and all Defendants, Defendants’ Counsel, and their respective Related Persons.

  • Hazardous Materials Claims means any enforcement, cleanup, removal or other governmental or regulatory action or order with respect to the Property, pursuant to any Hazardous Materials Laws, and/or any claim asserted in writing by any third party relating to damage, contribution, cost recovery compensation, loss or injury resulting from any Hazardous Materials.

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

  • Contractor Agent means any person mandated by a Prime Contractor or consortium/joint venture to do business for and on behalf of, or to represent in a business transaction, the Prime Contractor and thereby acquire rights for the Prime Contractor or consortium/joint venture against NHLS or an organ of state and incur obligations binding the Prime Contractor or consortium/joint venture in favour of NHLS or an organ of state.

  • Company Released Parties means the Company and any of its past or present employees, agents, insurers, attorneys, administrators, officials, directors, shareholders, divisions, parents, members, subsidiaries, affiliates, predecessors, successors, employee benefit plans, and the sponsors, fiduciaries, or administrators of the Company’s employee benefit plans.