Examples of Mirada Settlement Agreement in a sentence
On the Effective Date, the Mirada Settlement Agreement shall be approved in its entirety.
As set forth in the Mirada Settlement Agreement, on the Effective Date, the Debtors shall (i) pay the sum of $20,000,000.00 for the benefit of certain Mirada related parties and (ii) on or before the 180th day after the date the payment in preceding clause (i) is due, pay the sum of $22,750,000.00 for the benefit of certain Mirada related parties, in each case on the terms set forth in the Mirada Settlement Agreement.
The Mirada Settlement Agreement is appropriate in light of the facts and circumstances, is in the best interests of, and confers material benefits on, the Debtors, the Debtors’ Estates, and the Holders of Claims and Interests.
Further, the failure to implement the Mirada Settlement Agreement would impair the Debtors’ ability to confirm and implement the Plan.
In accordance with section 1123(b)(3)(A) of the Bankruptcy Code and Bankruptcy Rule 9019 and in consideration for the distributions and other benefits provided pursuant to the Mirada Settlement Agreement, the provisions of the Mirada Settlement Agreement constitute a good faith compromise and settlement and achieve a beneficial and efficient resolution of the Chapter 11 Cases for all parties in interest.
Accordingly, this Confirmation Order shall constitute the Court’s approval of the Mirada Settlement Agreement as well as a finding by the Court that the Mirada Settlement Agreement is in the best interests of the Debtors, their Estates, and the Holders of Claims and Interests and are fair, equitable, and reasonable.71.
The Mirada Settlement Agreement attached to the Plan Supplement as Exhibit H is hereby approved pursuant to section 1123 of the BankruptcyCode and Bankruptcy Rule 9019.
The Debtors or the Reorganized Debtors are authorized and ordered to implement and consummate the Mirada Settlement Agreement and are authorized to execute and deliver all necessary documents or agreements required to perform their obligations thereunder.
Pursuant to the Plan, in exchange for full and final satisfaction, compromise, settlement, release, and discharge of Allowed Notes Claims and Allowed Mirada Claims, each holder thereof will receive New Common Stock; provided that the treatment of the Mirada Claims may instead be governed by the Mirada Settlement Agreement, in which case the tax consequences for a holder of a Mirada Claim may differ materially from those described herein.
The Mirada Settlement Agreement attached to the Plan Supplement as Exhibit H is hereby approved pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019.