Examples of Debtor Releasees in a sentence
The Debtor Releasees include (a) the Debtors; (b) the parties who signed Plan Support Agreements with a Debtor; (c) any statutory committees appointed in the chapter 11 Cases ((a)-(c), collectively, the “ Releasing Parties”); and (d) for each of the Releasing Parties, their respective members, officers, directors, agents, financial advisors, attorneys, employees, partners, Affiliates, and representatives.
The release given by the Debtor Releasors to the Debtor Releasees as set forth in Section 9.4 of this Plan.
Debtor Releasees” means the parties defined as the Debtor Releasees in Section XIII.C.1. of the Combined Plan and Disclosure Statement.
Most of the claims filed by a plan are treated as general unsecured claims receiving, at most, a few cents on the dollar.
As further detailed below, on the Ballot you will also have the option to opt out of the releases set forth in (a) Section 14.3 of the Plan in favor of the Plan Support Party Releasees and the DIP Facility Lender Releasee and (b) Section14.4 of the Plan in favor of the Debtor Releasees and the D&O Releasees.