Examples of Reorganized Debtor Assets in a sentence
Any expenses and costs incurred by the Reorganized Debtor in connection with the wind down and dissolution activities described in the preceding sentence shall be paid solely from the Reorganized Debtor Assets, and the Liquidating Trust shall have no obligation to fund such expenses.
They will be capitalized by the Reorganized Debtor Assets, which consists of cash, rights to payment and, among other assets, the Debtors’ software platforms and other business-related contracts and assets, as set forth more specifically in the Plan.
TF Holdings, the holder of the Equity Interests in Think Finance, LLC, shall have its Equity Interests in Think Finance, LLC, cancelled on the Effective Date and shall receive all equity interests in the Reorganized Debtors, which shall receive the Reorganized Debtor Assets.
Wastewater Utility Plans will need to provide their own projections and flows for GMAs or WUSAs beyond the 20-year period.
As set forth in the definition of the term “Causes of Action” in the Plan, notwithstanding anything else herein, in the Term Sheet, the Plan or the Confirmation Order, Cause(s) of Action transferred to the Litigation Trust shall not include any Claims or Causes of Action against Released Parties or any of the obligations or assets included in the Reorganized Debtor Assets.
The Plan contemplates the creation of one or more Reorganized Debtors that will receive, as of the Effective Date of the Plan, the Reorganized Debtor Assets.
Further, pursuant to Section 4.6 of the Plan, on the Effective Date, the Reorganized Debtor Assets shall be transferred to and/or vest in the Reorganized Debtors, and the Reorganized Debtors shall be the sole party(ies) with standing to prosecute claims related thereto.
The Reorganized Debtors’ cash flow forecasts and the vesting of the Reorganized Debtor Assets in the Reorganized Debtors demonstrate that the Reorganized Debtors will be solvent and confirmation of the Plan is not likely to be followed by a liquidation or the need for further financial reorganization.
Upon the Effective Date, pursuant to § 1141(b) and (c) of the Bankruptcy Code, all Investment Trust Assets shall vest in the Investment Trust free and clear of all claims liens, encumbrances and charges and other interest except the liens and security interest granted to secure DIP Facility, and Reorganized Debtor Assets shall vest in the Reorganized Debtors, free and clear of all claims, liens, encumbrances, charges, and other interests, except as provided in the Plan or the Confirmation Order.
The Master Plan will also consider partnerships for potential public services to co-locate in the Colony Park development, including a library, APD substation, health clinic, and additional parkland facilities.