Liquidating Debtor definition

Liquidating Debtor means the Debtors and debtors in possession, or any successors thereto (including, from and after the establishment of a Liquidating Trust and the transfer of Liquidating Assets thereto, such Liquidating Trust), by merger, consolidation, or otherwise, on and after the Effective Date.

Liquidating Debtor means the Debtor on and after the Effective Date.

Liquidating Debtor means the Debtor following the occurrence of the Effective Date of the Plan.

Examples of Liquidating Debtor in a sentence

• Each holder of an Allowed General Unsecured Claim against a Liquidating Debtor shall receive a Ratable Proportion of Plan Shares in all Post Confirmation Debtors that were formerly Liquidating Debtors.

• On the Effective Date automatically and without further action, (i) each existing member of the Board of Directors of each Liquidating Debtor will resign or be terminated by the Plan Agent, and (ii) the Plan Agent shall be deemed the sole shareholder, officer and director of each such Liquidating Debtor.

• From and after the Effective Date, no Liquidating Debtor shall be required to file any document, or take any other action, to withdraw its business operation from any state in which such Debtor was previously conducting its business operations.

• After the Effective Date, any other remaining officer or director of any Liquidating Debtor other than the Plan Agent is deemed to be terminated by the Bankruptcy Court as provided in Sections 6.2, 6.3 and 6.8, as applicable.

• From and after the Confirmation Date, the Plan Agent or his successor shall continue to serve in his capacity as the officer and responsible person of each Liquidating Debtor through the earlier of (i) the date the last Liquidating Debtor is dissolved in accordance with the Plan, and (ii) the date the Plan Agent resigns or is replaced or terminated.

More Definitions of Liquidating Debtor

Liquidating Debtor means First River Energy, LLC, the Debtor in this Chapter 11 Case after the Effective Date.

Liquidating Debtor means any of the Debtors remaining in existence on and after the Effective Date.

Liquidating Debtor means the Debtor on and after the Liquidation Effective Date. Except as otherwise provided in the Plan, the Liquidating Debtor shall continue to exist as a separate legal entity, but shall not engage in any business activities or take any actions, except those necessary or appropriate to wind up the affairs of the Debtor, and shall take all commercially reasonable efforts to dissolve itself under applicable law and file with the Office of the appropriate Secretary of State a certificate of dissolution and/or an out of existence certificate and/or any other similar type document.

Liquidating Debtor means the Debtor Borders Group, Inc. after the Effective Date. “Liquidating Trust” means the trust described in Article IV.D. of the Plan to beestablished under New York trust law that will effectuate the wind down of the Debtors, andmake distributions pursuant to the terms of the Plan and Liquidating Trust Agreement. With respect to any action required or permitted to be taken by the Liquidating Trust, the term includes the Liquidating Trustee or any other person authorized to take such action in accordance with the Liquidating Trust Agreement.

Liquidating Debtor means any of the following: Aliceville Cotton Mill Inc.; Artex Manufacturing Co., Inc.; DeKalb Knitting Corp.; FOL Caribbean Corp.; FOL R & D, Inc. (f/k/a Jet Sew Technologies, Inc); FTL Investments, Inc; FTL Systems, Inc.; Fruit of the Loom Arkansas, Inc.; Gitano Fashions Ltd.; Greenville Manufacturing, Inc.; NWI; Pro Player, Inc.; Salem Sportswear Corporation; Salem Sportswear, Inc.; Sherman Warehouse Corp.; Union Yarn Mills, Inc.; Union Underwear; Whitmire Manufacturing, Inc.; and Winfield Cotton Mill, Inc.

Liquidating Debtor means the Debtor as reorganized and reconstituted on and

Liquidating Debtor means International after the Effective Date.