Examples of Revested Assets in a sentence
Payments due to creditors on account of Allowed Claims other than Tort Claims or Unknown Tort Claims will be paid pursuant to the terms of the Plan from the Reorganized Debtors’ Revested Assets and ongoing operations.
In accordance with §§ 1141 and 1123(a)(5) of the Bankruptcy Code, and except as otherwise provided in the Plan or the Confirmation Order, the Revested Assets shall revest in the respective Reorganized Debtors on the Effective Date free and clear of all liens, Claims, and interests of Creditors, including successor liability Claims.
Payments due to creditors on account of Allowed Non-Tort Claims will be paid pursuant to the terms of the Plan from the Reorganized Debtors’ Revested Assets and ongoing operations.
Nothing contained herein is intended to affect, diminish or impair those provisions of this Plan which prohibit execution of any judgment against the Reorganized Debtors’ Revested Assets or assets the Reorganized Debtors acquire after the Effective Date.
Nothing contained herein is intended to affect, diminish, or impair those provisions of the Plan which prohibit execution of any judgment against the Reorganized Debtor, the Reorganized Debtor’s Revested Assets or property the Reorganized Debtor acquires after the Effective Date.