MGG Settlement Agreement definition

MGG Settlement Agreement means that certain First Amended Settlement Agreement and Release, dated July 30 , 2020, by and among the Debtors, MGG, for itself and as agent for all other Prepetition Secured Parties, and the Purchaser, as such agreement may be amended, modified or supplemented from time to time prior to the Confirmation Date in accordance with the terms thereof.
Sample 1

Examples of MGG Settlement Agreement in a sentence

  • Except as otherwise provided in the Plan and the MGG Settlement Agreement as to LM Professionals, any professionals retained by the Plan Administrator may be paid out of the Wind-Down Trust Assets pursuant to the following procedures; provided, however, any contingency fees of retained counsel (which fee arrangement shall be up to the Plan Administrator in its discretion) shall only be funded out of the proceeds of any Retained Cause(s) of Action for which the contingency fees are earned.

  • In accordance with the MGG Settlement Agreement, all remaining DIP Claims shall be deemed satisfied, compromised, settled, and released as set forth in this Plan and the MGG Settlement Agreement.

  • Except as otherwise provided in the Planand the MGG Settlement Agreement as to LM Professionals, any professionals retained by the Plan Administrator may be paid out of the Wind-Down Trust Assets pursuant to the following procedures; provided, however, any contingency fees of retained counsel (which fee arrangement shall be up to the Plan Administrator in its discretion) shall only be funded out of the proceeds of any Retained Cause(s) of Action for which the contingency fees are earned.

  • The MGG Settlement Agreement includes the good-faith compromise and settlement of all potential claims and Causes of Action of the Debtors and their Estates against the MGG Parties and certain Related Parties, pursuant to Bankruptcy Rule 9019, except as expressly provided in the MGG Settlement Agreement.

  • Pursuant to the terms of the MGG Settlement Agreement and this Plan, each MGG Subordinated Claim is an Allowed Class 3 Claim entitled to receive on account thereof its Trust Ratable Share of the Beneficial Interests, provided that, pursuant to the terms of the MGG Settlement Agreement and this Plan, the Allowed MGG Subordinated Claims are subordinated to the prior payment in full of all Allowed General Unsecured Claims (but not to GCG Parent Control Claims).

  • Additionally, unless the Bankruptcy Court enters a separate order providing for the approval of the MGG Settlement Agreement and related relief, the Debtors may request that the entry of the Confirmation Order will constitute the Bankruptcy Court’s approval of such compromises and settlements under Bankruptcy Rule 9019, as well as a finding by the Bankruptcy Court that such compromise and settlement is fair, equitable, reasonable, and in the best interests of the Debtors and their Estates.

  • That mediation resulted in a settlement among the parties (now embodied in the MGG Settlement Agreement) which, if approved by the Court, will render the Second Standing Motion moot.

  • Pursuant to the MGG Settlement Agreement, the MGG Subordinated Claims have been Allowed in the aggregate amount of $27,016,182.27, but are subordinated in rights of payment and priority to all Allowed General Unsecured Claims and all other Allowed Claims that, pursuant to the Plan, are senior in priority to such Allowed General Unsecured Claims.

  • Pursuant to the MGG Settlement Agreement, the MGG Subordinated Claims have been Allowed in the aggregate amount of$27,016,182.27, but are subordinated in rights of payment and priority to Allowed General Unsecured Claims.

  • The MGG Settlement Agreement memorializes the terms of a global settlement by and among the Debtors and the MGG Parties (the “MGG Settlement”) that has been several months in the making.

Related to MGG Settlement Agreement

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Settlement Agreements means any settlement reached in the U.S. Litigation with any of the Settling Defendants.

  • Put Agreement means an agreement dated as of August 13, 2008, as amended, among the Company, OT LLC and Rio Tinto Alcan.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Post-Closing Agreement shall have the meaning set forth in Section 8.9.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Master Transaction Agreement has the meaning set forth in the recitals.

  • Restructuring Support Agreement has the meaning set forth in the Recitals.

  • Transaction Agreement has the meaning set forth in the recitals.

  • Payment Agreement means a written agreement which provides

  • Support Agreement has the meaning set forth in the Recitals.

  • Put Option Agreement has the meaning set forth in the recitals.

  • Placement Agreement means the Placement Agreement relating to the offering and sale of Capital Securities in the form of Exhibit C.

  • Netting Agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • Backstop Agreement has the meaning set forth in the recitals to this Agreement.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • Settlement Agreement means this agreement.

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors and officers of the Company, in the form of Exhibit B attached hereto.

  • Master Separation Agreement has the meaning set forth in the recitals.

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Exchange Agreement has the meaning set forth in the Recitals.

  • Acquisition Agreement means a letter of intent, agreement in principle, merger agreement, acquisition agreement, option agreement or other similar agreement.