Examples of Secured Creditor Settlement in a sentence
For the avoidance of doubt, no payments in connection with the Secured Creditor Settlement shall be made out of the deposit accounts of the HoldCos.
The Secured Creditor Settlement shall remain in full force and effect, all terms and conditions shall have been satisfied thereunder, including the payment of the First Lien Settlement Payments in accordance with the terms of the Plan, and there shall be no breach of the Secured Creditor Settlement.
Unless otherwise ordered by the Bankruptcy Court, to the extent any exhibit or document in the Plan Supplement is inconsistent with the terms of any part of the Plan that does not constitute the Plan Supplement, including, for the avoidance of doubt, the terms of the Secured Creditor Settlement, such part of the Plan that does not constitute the Plan Supplement shall control.
Term Loan Facility Claims shall be Allowed against all of the obligors and guarantors under the Term Loan Facility in accordance with the Secured Creditor Settlement, in their entirety, without offset, recoupment, reductions, or deduction of any kind, for all purposes of the Plan.
In addition to the general settlement described in Article IV.A.1, pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the mutual compromises described in this Article IV.A.2, the Plan shall effectuate the Secured Creditor Settlement, which includes the following key terms:Secured Creditor Consideration • Plan Support.
In the event the policy is terminated on grounds of non-cooperation of the insured , the premium shall be computed in accordance with Our short rate table for the period the Policy has been in force, upon 15 days notice by sending an endorsement to Your address shown in the Schedule provided no claim has occurred up to the date of termination.
Nothing in this Article VIII.B shall operate to release, discharge, or enjoin any Entity’s rights with respect to the Secured Creditor Claims Litigation (subject to the Debtors’ obligations with respect to the Secured Creditor Settlement and the Secured Creditor Settlement Motion).
The resolution of these issues pursuant to the Secured Creditor Settlement is embodied in the Plan and will avoid the need for protracted litigation, thereby preserving precious Estate resources.In addition, after extensive arms’ length negotiation, on February 11, 2021 the Debtors and the HoldCo Creditor Ad Hoc Group agreed to the terms of a settlement regarding the treatment of claims against the HoldCos.
Except to the extent that a Holder of an Allowed Term Loan Facility Claim agrees to less favorable treatment of its Allowed Claim, in full and final satisfaction, settlement, release, and discharge of and in exchange for each Allowed Term Loan Facility Claim, each Holder of an Allowed Term Loan Facility Claim shall receive its Pro Rata share of the Cash payment pursuant to the Term Loan Recovery as compromised in accordance with the Secured Creditor Settlement.
In addition to the general settlement described in Article IV.A., pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the mutual compromises described in this Article IV.A.2, the Plan shall effectuate the Secured Creditor Settlement, which includes certain following key terms:Settlement/Allowance.