Liquidation Plan definition

Liquidation Plan means this Joint Plan of Liquidation under Chapter 11 of the Bankruptcy Code, including, without limitation, all documents referenced herein and all exhibits, supplements, appendices and schedules hereto, either in its present form or as the same has been or may be altered, amended, modified or supplemented from time to time.

Liquidation Plan means the Joint Plan of Liquidation of Ogden New York Services, Inc., et al. under Chapter 11 of the Bankruptcy Code (including all exhibits, supplements, appendices and schedules annexed thereto), dated September 8, 2003, as the same may be amended, modified or supplemented from time to time.

Liquidation Plan means this plan of liquidation and distribution as it may be amended, modified, supplemented, restated or otherwise modified in accordance with its terms;

Examples of Liquidation Plan in a sentence

• In addition, unless the Approved Liquidation Plan shall have been rescinded, if the Partnership terminates the Employee’s employment without Cause or the Employee terminates the Employee’s employment for Good Reason in each case following stockholder approval of the Approved Liquidation Plan, then the Employee shall receive the benefits provided in Sections 4(a), 4(b) and 4(c), as applicable.

• In addition, unless the Approved Liquidation Plan shall have been rescinded, if the Partnership terminates the Employee’s employment without Cause or the Employee terminates the Employee’s employment for Good Reason in each case following shareholder approval of the Approved Liquidation Plan, then the Employee shall receive the benefits provided in Sections 4(a), 4(b) and 4(c), as applicable.

• In accordance with section 1141 of the Bankruptcy Code and except as otherwise provided by this Liquidation Plan or the Liquidating Trust Agreement, upon the Effective Date, title to the Residual Liquidation Assets shall pass to the Liquidating Trust free and clear of all Claims and Equity Interests.

• In addition, unless the Approved Liquidation Plan shall have been rescinded, if the Company terminates the Employee’s employment without Cause or the Employee terminates the Employee’s employment for Good Reason in each case following shareholder approval of the Approved Liquidation Plan, then the Employee shall receive the benefits provided in Sections 4(a) and 4(b).

• Entry of the Confirmation Order shall constitute the approval, pursuant to section 365(a) of the Bankruptcy Code, of the rejection of any executory contracts and unexpired leases to be rejected as and to the extent provided in Section 8.1 of this Liquidation Plan.

More Definitions of Liquidation Plan

Liquidation Plan means the Amended Joint Plan of Liquidation in the form attached as Exhibit E-2 hereto.

Liquidation Plan means the asset liquidation plan which the Principal filed with the Financial Supervision Commission in accordance with Article 3 of the Asset Liquidation Law.

Liquidation Plan means with respect to any Company or any Fund, a plan of liquidation, a plan to dispose of a substantial portion of its assets out of the ordinary course of business (except in connection with a Permitted Merger) or any other plan of action with similar effect.

Liquidation Plan means a plan of liquidation providing for an orderly liquidation of the Company.

Liquidation Plan. Upon earlier termination of this Contract pursuant to paragraphs (a),(c),and (d) of Article 20.01 hereof, the liquidation plan shall provide first for payment of the Company's debts and expenses. Following such payments, the Company's assets shall be distributed to the Parties proportionally in accordance with each Party's registered capital share of the Company. Upon early termination of the Contract pursuant to section 2 of Article 20.01, the defaulting Party can participate in the aforementioned distribution only when it has undertaken its responsibility for breach and indemnified the non defaulting Party for the loss. In the event of a situation as mentioned in paragraph (d) of Article 20.01, the Purchaser shall compensate an amount of termination cost to the Company, pursuant to the Operation and Offtake Contract, the total assets (including but not limited to fixed assets and circulating assets) of the Company and the termination cost shall be distributed to Party C on a priority basis, so that Party C can obtain anticipated returns as estimated in Appendix I hereof, the remaining part shall be distributed proportionally to Party A and Party B.

Liquidation Plan means thx Xxxx of Liquidation adopted by the board of directors and approved by the stockholders and creditors of WESAC, in substantially the form of Exhibit A attached hereto.

Liquidation Plan means any (i) sale, transfer or assignment by any Seller of some or all of its assets, including, without limitation, the Purchased Assets, to any third party pursuant to an arrangement under which such third party seeks to sell, transfer, assign, liquidate or dispose of such assets and share an agreed-upon percentage of the proceeds thereof with the Seller that sold, transferred or assigned such assets to such third party; provided that the total aggregate amount of the Sellers' portion of the proceeds of any such sale, transfer, assignment, liquidation or disposal by such third party shall in no event exceed the Purchase Price or (ii) sale, transfer or assignment by any Seller of some or all of its assets, including, without limitation, the Purchased Assets, to any party to the Credit Documents or any Affiliate or designee thereof in exchange for the forgiveness or extinguishment of any of Liabilities of the Company or any of its Subsidiaries under or pursuant to the Credit Documents; provided that the total aggregate amount of such Liabilities forgiven or extinguished shall in no event exceed the Purchase Price.