Examples of LINN RSA in a sentence
Pursuant to the terms of the LINN RSA, settlement of all claims and causes of action related to the Second Lien Notes will be implemented through the Plan.
As of the Effective Date, the Reorganized LINN Board shall consist of seven directors and will include: (1) the current Chief Executive Officer of LINN; (2) one director selected by Reorganized LINN; and (3) five directors to be selected by a six-person committee comprised of the five largest Consenting LINN Noteholders (as determined pursuant to Section 4 of the LINN RSA) and the current Chief Executive Officer of LINN.
As such, the Third Party Release appropriately offers certain protections to parties who constructively participated in the Debtors’ restructuring process by supporting the Plans through the Original LINN RSA, the LINN RSA, the Original Berry RSA, and the Berry RSA.
The Third Party Release was a core negotiation point in connection with the Original LINN RSA, the LINN RSA, the Original Berry RSA, and the Berry RSA and instrumental in developing each Plan in a manner that maximized value for all of the Debtors’ creditors and kept the Debtors intact as independent going concerns.
In this paper we have presented the first framework for an interlanguage migration process and a technique for proving it correct.
Further, conversion to a case under chapter 7 is a Creditor Termination Event, as that term is defined in the LINN RSA.
In the event the Plan is not consummated, provisions of the Plan, this Disclosure Statement, and the LINN RSA (and any exhibits or supplements relating to the foregoing) and all negotiations relating thereto shall not be binding or probative.
The LINN Exit Facility embodied in the LINN RSA is a critical feature of the agreement from the LINN Debtors’ perspective.
Given the current depressed market for oil and natural gas, the LINN RSA and the LINN Exit Facility bestow significant value on the LINN Debtors’ estates, which will, in turn, assist in the continued viability of the LINN Debtors subsequent to these chapter 11 cases.
Pursuant to Rule 408 of the Federal Rules of Evidence, the Plan, this Disclosure Statement, and the LINN RSA (and any exhibits or supplements relating to the foregoing), and all negotiations relating thereto shall not be admissible into evidence in any proceeding unless and until the Plan is consummated, and then only in accordance with the Plan.