Debtors in Possession definition

Debtors in Possession means the Debtors in their capacity as debtors in possession in the Chapter 11 Cases pursuant to sections 1101, 1107(a), and 1108 of the Bankruptcy Code.

Debtors in Possession means, collectively, the Debtors, as debtors in possession in these Chapter 11 Cases.

Debtors in Possession means the Reorganizing Debtors, as debtors in possession in the Chapter 11 Cases.

Examples of Debtors in Possession in a sentence

• The Debtors shall continue to operate as Debtors in Possession during the period from the Confirmation Date through and until the Effective Date.

• Except as otherwise provided herein, on the Effective Date, all Claims against and Equity Interests in the Debtors and the Debtors in Possession shall be satisfied, discharged, and released in full.

• Any such transaction may be effected without any further action by the stockholders of any of the Debtors or the Debtors in Possession.

• The Reorganized Debtors shall not be responsible for any obligations of the Debtors or the Debtors in Possession except those expressly assumed by the Reorganized Debtors pursuant to this Plan.

• If the Debtors remain in Chapter 11, the Debtors could continue to operate their businesses and manage their properties as Debtors in Possession, but they would remain subject to the restrictions imposed by the Bankruptcy Code.

More Definitions of Debtors in Possession

Debtors in Possession means, collectively, the Debtors, as debtors in possession in these Chapter 11 Cases, pursuant to sections 1107 and 1108 of the Bankruptcy Code.

Debtors in Possession means the Debtors as debtors-in-possession pursuant to Sections 1101, 1107, and 1108 of the Bankruptcy Code.

Debtors in Possession means the Debtors in their capacity as debtors-in-possession in the Reorganization Cases under sections 1107(a) and 1108 of the Bankruptcy Code.

Debtors in Possession means the Debtors in their capacity as debtors in possession in the Chapter 11 Cases pursuant to sections 1101, 1107(a) and 1108 of the Bankruptcy Code.

Debtors in Possession means the Debtors, each in its respective capacity as a debtor-in-possession pursuant to Section 1107(a) and 1108 of the Bankruptcy Code.

Debtors in Possession means FairPoint in its capacity as debtors-in- possession in the Chapter 11 Cases under sections 1107(a) and 1108 of the Bankruptcy Code.

Debtors in Possession means the Debtors, when acting in the capacity of representatives of the Estates in the Reorganization Cases.