Examples of Reorganized RoomStore in a sentence
The Plan shall be binding upon and inure to the benefit of the Debtors, the Liquidation Trust, Reorganized RoomStore, all present and former holders of Claims and Interests, other parties in interest and their respective heirs, successors, and assigns.
Reorganized RoomStore shall be authorized to implement such procedures as it deems necessary to distribute New RoomStore Common Stock to Class 3 and Class 4 so as to efficiently and economically assure prompt and proportionate distribution of such consideration.
In the Confirmation Order, the Bankruptcy Court shall approve the New Credit Facility in substantially the form filed with the Bankruptcy Court and authorize Reorganized RoomStore, as applicable, to execute the same together with such other documents as the New Credit Facility lenders may reasonably require to effectuate the treatment afforded to such parties under the New Credit Facility.
Reorganized RoomStore or any successor may pursue such litigation claims in accordance with the best interests of Reorganized RoomStore or any successor holding such rights of action.
In addition to the fact that many companies will be appealing to the same customers that Reorganized RoomStore will be appealing to, the trends and styles of these customers may change, and Reorganized RoomStore must be able to anticipate and respond to these changes.
In the event that Reorganized RoomStore objects to an Administrative Claim, the Bankruptcy Court shall determine the allowed amount of such Administrative Claim.
The board of directors of Reorganized RoomStore shall have five (5) members, each of whom shall be selected by the Creditors’ Committee.
On the first Periodic Distribution Date following the date when a Disputed Claim becomes an Allowed Claim, Reorganized RoomStore or its designee will distribute to the Claimholder any property held in a Reserve that would have been distributed on the dates distributions were previously made to Claimholders had such Allowed Claim been an Allowed Claim on such dates.
If the estimated amount constitutes a maximum limitation on the Claim, the Debtor, the Creditors’ Committee or Reorganized RoomStore, as applicable, may elect to pursue supplemental proceedings to object to the ultimate allowance of the Claim.
In addition, covenants in certain debt instruments to which Reorganized RoomStore will be a party may restrict the ability of Reorganized RoomStore to pay dividends and may restrict certain other payments.