Examples of Remaining Company Contracts in a sentence
These estimated amounts are based on certain assumptions with respect to a variety of factors, including the continuation of the Remaining Company Contracts, and the amount of proceeds from any Causes of Action brought by the Liquidating Trust.
After the termination of all Remaining Company Contracts, the Liquidating Trustee shall wind-down the Reorganized Debtor, and all proceeds of the Reorganized Debtor shall vest in the Liquidating Trust.
More significantly, if this case were converted to Chapter 7, it is likely that the Debtor would lose all of the value to be received from the Remaining Company Contracts.
Neither Omega nor any of its Subsidiaries, nor any of their respective directors, officers or employees, has committed any breach of trust to Omega’s knowledge with respect to any fiduciary account and the records for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account.
Absent continuation, of the Remaining Company Contracts, the Debtor expects that the clients will seek the return of some or all of those funds.
Specifically, and as more fully set in the liquidation analysis attached hereto as Exhibit A, the Debtor expects that expects that, for the period ending ending March 31, 2022, the Remaining Company Contracts will generate approximately $1,725,000 of profit, which will be upstreamed to the Debtor.
Accordingly, the Debtor is incorporating the Retention Plan into the Combined Disclosure Statement and Plan.14The most significant of those Remaining Company Contracts is with Sierra.
The Debtor therefore expects that the net proceeds of the Remaining Company Contracts will provide a significant recovery for Allowed Claims.
In order for the Company to continue to generate revenues and profit for the benefit of the Debtor’s estate, the Medley Capital must be able to retain its employees and service the Remaining Company Contracts.
The Proponents therefore believe that continuing to honor the Remaining Company Contracts will provide a significantly greater recovery for Holders of Allowed Claims than such Holders would receive if the Remaining Company Contracts were terminated immediately.