Examples of Senior Borrower in a sentence
In accordance with section 1123(b)(3) of the Bankruptcy Code, any Causes of Action that the Debtors may hold against any Entity shall vest, as provided in the Plan, in Reorganized Senior Borrower, JBL HoldCo and/or Reorganized Mezzanine Borrower, as applicable.
Holders of Allowed Senior Borrower Priority Claims are conclusively presumed to have accepted the Plan under Section 1126(f) of the Bankruptcy Code.
Except as otherwise provided in the Plan or any Plan Transaction Document, or in any agreement, instrument, or other document incorporated in the Plan, on the Plan Effective Date, all property in Senior Borrower’s Estate, all Causes of Action, and any property acquired by the Senior Borrower under the Plan shall vest in the Reorganized Senior Borrower, free and clear of all Liens, Claims, charges, or other encumbrances, except the Liens of Senior Lender.
On and after the Plan Effective Date, except as otherwise provided herein, the Reorganized Senior Borrower may operate its business and may use, acquire, or dispose of property and compromise or settle any Claims, Interests, or Causes of Action without supervision or approval by this Court and free of any restrictions of the Bankruptcy Code or Bankruptcy Rules.
Following the occurrence of the Plan Effective Date, Reorganized Senior Borrower, JBL HoldCo and/or Reorganized Mezzanine Borrower, as applicable, may resolve any disputed Cure amount without any further notice to or action, order, or approval of the Bankruptcy Court.