Examples of Transferred Causes of Action in a sentence

There can be no assurance that the Litigation Trustee will be successful in the prosecution of the Transferred Causes of Action or the Insurance Coverage Action.
Under the Plan, Administrative Claims, Priority Claims, and DIP Claims are paid by the Reorganized Debtor and, as a result, the proceeds of the Transferred Causes of Action inure to the benefit of secured and unsecured creditors.
The Plan provides for the Litigation Trustee to pursue all of the Transferred Causes of Action, including those actions that are pledged as collateral to the Prepetition Lenders, in an efficient and cost effective manner.
Finally, under the Plan certain holders of Mechanic’s Lien Claims and Project Unsecured Claims will receive enhanced Cash distributions and as a result will not participate in recoveries from the Transferred Causes of Action.
The Litigation Trust Assets, which include the Transferred Causes of Action, will vest in the Litigation Trust.

More Definitions of Transferred Causes of Action

Transferred Causes of Action means any and all non-Insider claims arising under chapter 5 of the Bankruptcy Code not otherwise released pursuant to the Plan to be transferred to Murray pursuant to the Sale Transaction Documentation.

Transferred Causes of Action means any and all Avoidance Actions acquired pursuant to the Sale Transaction Documentation, if any.

Transferred Causes of Action means all Exempt Assets constituting Causes of Action, includingconsisting of (a) the Nabors Lawsuit, (b) the Wood Claims and (c) all Avoidance Actions other than (i) the Lambert Road Avoidance Actions, (ii) Avoidance Actions that the DIP Agent determines in its reasonable discretion are related to the California Assets; provided, that the DIP Agent and the DIP Lender shall not pursue any preference or fraudulent transfer actions against vendors and suppliers providing goods and services related to the California Assets, and (ii) the Lambert Road Avoidance Actions. and (iii) any Avoidance Actions against the Wood Parties relating to the conveyance of interests in the California Assets, including royalties, overrides and similar interests and (c) all Causes of Action of the Debtors’ Estates against the Wood Parties of any kind or nature whatsoever, including all such Causes of Action for breach of fiduciary duties, corporate waste, illegal dividends, excessive compensation and any other breaches of corporate duties other than any Avoidance Actions against any of the Wood Parties described in clause (b)(i), clause (b)(ii) or clause (b)(iii) of this definition, none of which constitute Transferred Causes of Action.

Transferred Causes of Action means all Causes of Action, including D&O Claims, that (i) have not been released herein or pursuant to the Confirmation Order, the DIP Facility Order, or any other order of the Bankruptcy Court and (ii) do not otherwise constitute assets acquired by, or transferred to, any of the Purchasers or any other non-Debtor party prior to the Effective Date and the products and proceeds thereof.

Transferred Causes of Action means all Causes of Action, other than Causes of Action against Post-Emergence Trade Creditors, including (a) Avoidance Actions and Insurance Coverage Actions, (b) any affirmative claims or Causes of Action arising from or related to the Litigation Trust Assets and Trust Claims, and (c) Claims of Post-Emergence Trade Creditors

Transferred Causes of Action means all Exempt Assets constituting Causes of Action, including (a) the Nabors Lawsuit, (b) the Wood Claims and (c) all Avoidance Actions other than

Transferred Causes of Action means all Exempt Assets constituting Causes of Action.

Transferred Causes of Action definition

Related Definitions