SA Debtors definition

SA Debtors means the “Debtors” as defined in the Sealed Air Settlement Agreement, including the Debtors, each of their estates, any trustee or examiner that may be appointed in any of the Debtors’ cases under the Bankruptcy Code, and the reorganized Debtors and includes any new corporation or other entity to which the stock or the assets of any of the Debtors or any combination thereof, are transferred pursuant to the Plan (other than the Asbestos PI Trust, the Asbestos PD Trust, or an unrelated third- party that has purchased assets from a Debtor pursuant to section 363 of the Bankruptcy Code).
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Examples of SA Debtors in a sentence

  • Columbia’s services under the 401(k) Plan consisted of administration of the employee benefit plan provided by the SA Debtors.

  • Columbia and certain of the Debtors (the “SA Debtors”) are parties to agreements (the “Service Agreements”) pursuant to which Columbia agreed to provide accounting and management services to the SA Debtors in exchange for compensation.

  • Columbia paid the premiums, and then allocated the applicable premium, calculated by a weighted average based on sales at the SA Debtors’ properties as compared to thetotal sales at all SA Debtors.

  • Columbia then allocated the premium to the SA Debtors, using a weighted average based on the payroll at the SA Debtors’ properties.

  • The Service Agreements provide for the payment of these costs and expenses.Columbia contracted with a number of third-party vendors on behalf of the SA Debtors and incurred expenses for services such as shipping charges, rent for office space, salaries for temporary employees, telephone bills, license fees, recruiting expenses, corporate credit card charges, and payments under flexible spending plans.

  • On a monthly basis and continuing during the postpetition period, Columbia sent invoices to the SA Debtors requesting reimbursement for these expenses.Columbia arranged workers’ compensation and general liability insurance for the SA Debtors, as provided under the Service Agreements, with the Chubb Group of Insurance Companies (“Chubb”).

  • During the 180 days preceding the Petition Date, Columbia provided health insurance coverage to approximately 3,160 employees and dental insurance coverage to approximately 2,492 employees of the SA Debtors.Columbia sponsored a qualified 401(k) retirement savings plan (the “401(k) Plan”) for eligible employees of the SA Debtors, pursuant to the Service Agreements.

  • Columbia provided medical, dental, vision, prescription drug, and short-term disability benefits to the employees of the SA Debtors.

  • From December 1, 2007 through February 29, 2008, approximately 4,105 employees of the SA Debtors participated in the 401(k) Plan.

  • The SA Debtors provided a matching contribution equal to 50% of the employees’ contributions, subject to a maximum of 9Columbia’s Statement of Facts are set forth in the Memorandum of Law in support of the Motion for Summary Judgment (D.I. 3024) and the Affidavit of Theodore Mitchel (D.I. 3025).6% of the respective employee’s salary.

Related to SA Debtors

  • Debtors has the meaning set forth in the Recitals.

  • Reorganized Debtors means, subject to the Restructuring Transactions, the Debtors as reorganized pursuant to this Plan on or after the Effective Date, and their respective successors.

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date.

  • Subsidiary Debtors means, collectively, Congoleum Sales, Inc. and Congoleum Fiscal, Inc.

  • Non-Debtor Subsidiaries means all direct and indirect subsidiaries of any Debtor that are not Debtors in the Chapter 11 Cases.

  • Prepetition Collateral means the collateral securing the Prepetition BP Secured Claim, including, without limitation, the Posted Collateral.

  • Non-Debtor Affiliate means any Affiliate of the Debtors that is not a Debtor in the Chapter 11 Cases.

  • DIP Motion means the motion and proposed form of Interim DIP Order filed by the Loan Parties with the Bankruptcy Court on the Petition Date or as soon as reasonably practicable thereafter seeking approval, on an interim and final basis, of (among other things) the DIP Facility, and authorization for the use of cash collateral (including such terms and conditions relating to adequate protection in connection therewith), in each case, in form and substance acceptable to the Agent and the Required Lenders.

  • DH means District Hospital;

  • Prepetition means arising or accruing prior to the Petition Date.

  • Reorganized means, with respect to the Debtors, any Debtor or any successor thereto, by merger, consolidation or otherwise, on or after the Effective Date.

  • New debtor means a person that becomes bound as debtor under section 9203(4) by a security agreement previously entered into by another person.

  • Consumer debtor means a debtor in a consumer transaction.

  • Debtor means a person who is liable on a claim.

  • Ordinary Course Professional Order means the Order Authorizing the Retention and Compensation of Certain Professionals Utilized in the Ordinary Course of Business [D.I. 765].

  • Account Debtors mean all Persons who are obligated on the Receivables.

  • Creditors’ Committee means the statutory committee of unsecured creditors appointed in the Chapter 11 Cases pursuant to section 1102 of the Bankruptcy Code.

  • Senior Lender Claims means (a) the principal of all Indebtedness outstanding under one or more of the Senior Lender Documents to the extent not prohibited by the Indenture (as in effect on the date hereof), and (b) all other Obligations not constituting principal of Indebtedness of any Obligor under the Senior Lender Documents, including, without limitation, all claims under the Senior Lender Documents for interest, fees, expense reimbursements, indemnification and other similar claims. Senior Lender Claims shall include all interest accrued or accruing (or which would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the Senior Credit Agreement whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. To the extent any payment with respect to the Senior Lender Claims (whether by or on behalf of any Obligor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential in any respect, set aside or required to be paid to a debtor in possession, trustee, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. Notwithstanding anything to the contrary contained in the first sentence of this definition, any principal Indebtedness (including reimbursement obligations for drawn or undrawn letters of credit) incurred under the Senior Credit Agreement shall constitute a "Senior Lender Claim" (whether or not such Indebtedness is at any time determined not to have been permitted to be incurred under the Indenture), to the extent, after giving effect to such incurrence, the aggregate principal amount of Indebtedness outstanding under the Senior Credit Agreement does not exceed $15,000,000 (less any prior permanent reductions in the Revolving Loan Commitment).

  • Bankruptcy Cases has the meaning set forth in the Recitals.

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Prepetition Lenders means the Persons identified as "Lenders" under the Prepetition Credit Agreement, in their capacities as lenders under the Prepetition Credit Agreement, together with their successors and permitted assigns.

  • Intercompany Obligations as defined in the Guarantee and Collateral Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.