Plan Injunction definition
Examples of Plan Injunction in a sentence
For the avoidance of doubt, and without diminishing any other condition to the effectiveness of this Agreement or the Plan, it is expressly understood and agreed by the Parties that the Plan Release and the Plan Injunction are material, non-waivable conditions to the effectiveness of this Agreement, and that they will also be made material, non-waivable conditions to the effectiveness of the Plan.
The Debtors further covenant and agree to provide adequate notice of the Plan Injunction to all of the Debtors' creditors and other parties in interest in the Cases and to any other party that the KPN Entities request be given notice.
As soon as reasonably practicable after the Execution Date, the NECC Trustee shall prepare, file and solicit (following approval of a disclosure statement) approval and confirmation of the Plan and the entry of the Confirmation Order that (i) approves this Agreement, and (ii) includes the terms and provisions of the Plan Release and the Plan Injunction, without any material changes or modifications.
In the event that only one of the Debtors propose a Plan, the Debtors covenant and agree: (x) to support and not to object to the provisions of the Plan and the Confirmation Order related to the Plan Injunction; and (y) not to otherwise seek to defeat the Plan or the entry of an appropriate Confirmation Order approving and establishing the Plan Injunction.
The Confirmation Order shall (i) approve this Agreement and (ii) include the terms and provisions of the Plan Release and the Plan Injunction, without any material changes or modifications.
For the avoidance of doubt, and without diminishing any other condition to the effectiveness of this Agreement or the Plan, it is expressly understood and agreed by the Parties that the Plan Release and the Plan Injunction are material, non-waivable conditions to the payment of the Settlement Amount and the effectiveness of this Agreement, and that they will also be made material, non-waivable conditions to the effectiveness of the Plan.
In exchange for the Debtors’ agreement to seek the establishment of the Temporary Stay Extension, the Tail Fund, Tail Claim Mediation Procedures, and the Plan Injunction, upon the entry of an Order creating the Temporary Stay Extension, the Movants’ Administrative Claim Motion shall be deemed withdrawn without prejudice and upon the entry of a final order approving confirmation of the Plan which includes the Plan Injunction, such withdrawal shall be deemed to be with prejudice.
Acceptance Tests County does not reject or accept test result 5 working days from date County receives test results O&M Plan County does not accept or reject the O&M Plan 5 working days from date County receives the O&M Plan Injunction N/A Duration of injunction.
If and when the Plan Confirmation Order is reversed, vacated, or modified in a manner that would adversely affect the Plan Release or the Plan Injunction insofar as they pertain to Landmark or ARL by an order that is no longer subject to appeal, reconsideration, or rehearing, (a) the balance of the Settlement Amounts remaining in Escrow ($6,200,000), exclusive of interest accrued thereon, shall be returned to ARL Bio Pharma Inc.