Sustained Objection definition
Sustained Objection means the Bankruptcy Court’s sustaining of any objection by any Person, or any objection raised by the Bankruptcy Court sua sponte, to (i) the Additional Purchaser Commitment under the Third Amendment or (ii) the distribution to holders of Interests (as defined in the Plan) in Class J (as defined in the Plan) under Article III of the Plan.”
Examples of Sustained Objection in a sentence
The Company and the Investors further agree to withdraw with prejudice all Discovery served against any Additional Purchasers or their advisors, it being understood that, notwithstanding the withdrawal with prejudice, the Company and the Investors may reinitiate such Discovery in the case of a Sustained Objection, it being understood that the Additional Purchasers can object to such Discovery.