Examples of Excluded Causes of Action in a sentence
As soon as practicable after the Effective Date, Noteholder Newco shall be substituted as the plaintiff in all Excluded Causes of Action that were commenced by the Debtors before the Effective Date.
In accordance with Section 1123(b)(3) of the Bankruptcy Code and except as otherwise provided in this Plan, Noteholder Newco, as a representative of the estate appointed for this purpose, shall retain and may (but is not required to) enforce all or any Excluded Causes of Action.
For the avoidance of doubt, Wind Down Assets shall not include any Excluded Causes of Action, interests in property abandoned under the Plan or the Purchased Assets (as defined in the Asset Purchase Agreement).
Except as otherwise provided in the Plan or Confirmation Order, on the Effective Date, all property of the Estates of HCS and SCC other than Excluded Causes of Action shall vest in Reorganized HCS and Reorganized SCC, respectively, free and clear of all claims, liens, charges, other encumbrances and interests other than Assumed Liabilities.
A “claim” as defined in Bankruptcy Code section 101(5), against the Debtor whether or not asserted or allowed, other than the Excluded Causes of Action.