Substantial Consummation definition

Substantial Consummation of the Plan, as defined in 11 U.S.C. § 1101(2), shall be deemed to occur on the Effective Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Substantial Consummation means the day on which a Creditor first receives a Distribution of any kind under the terms and provisions of the Plan.

Substantial Consummation means as defined in § 1101(2).

Examples of Substantial Consummation in a sentence

Reorganized Debtors (a) Reorganized H▇▇▇▇▇ Gaming, (b) Slot Co and (c) the Guarantor Debtors, as such entities exist on or after the Substantial Consummation Date, in each case, or any successor thereto, by merger, consolidation, or otherwise.
After giving effect to the Chapter 11 Plan, as of the Substantial Consummation Date, neither the Borrower nor any of its Subsidiaries is in default under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse Effect.
This Agreement shall terminate automatically without any further required action or notice on the Substantial Consummation Date.
Reorganized H▇▇▇▇▇ Gaming New Common Equity [XX] shares of common stock in Reorganized H▇▇▇▇▇ Gaming, par value [$.01] per share, to be authorized pursuant to the Reorganized H▇▇▇▇▇ Gaming charter, of which up to [XX] shares shall be initially issued on the Substantial Consummation Date pursuant to the Plan.
As of the Effective Date or the Substantial Consummation Date, as the case may be, any and all such Causes of Action are settled, compromised and released pursuant hereto.

More Definitions of Substantial Consummation

Substantial Consummation means that the Plan shall be deemed to be substantially consummated in accordance with sections 1101 and 1127(b) of the Code.

Substantial Consummation means the time the reorganized Debtor has commenced the distribution of initial Plan payments to all creditor classes.

Substantial Consummation means that the Plan shall be deemed to be substantially consummated under sections 1101 and 1127(b) of the Bankruptcy Code.

Substantial Consummation means—(A) a transfer of all or substantially all of the property proposed by the plan to be transferred; (B) assumption by the debtor or by the successor to the debtor under the plan of the business or of the management of all or substantially all of the property dealt with by the plan; and

Substantial Consummation of this Plan shall mean the commencement of any of the events provided for in 11 U.S.C. Sec. 1101.

Substantial Consummation means the earlier of: (a) the closing of the Transaction pursuant to the ATA, or (b) the day on which a Creditor first receives a Distribution of any kind under the terms and provisions of the Plan.

Substantial Consummation of the Plan, as defined in section 1101(2) of the Bankruptcy Code, with respect to any of the Debtors, shall be deemed to occur on the Effective Date with respect to such Debtor.