UCC Settlement definition
UCC Settlement means the settlement and resolution of any and all objections and claims of the Committee to the sale of the Debtors’ assets incorporated in those certain Final Orders of the Bankruptcy Court in these Chapter 11 Cases [Docket Nos. 575, 576, 579, 652], including the CA Committee Settlement.
UCC Settlement means the settlement with the Committee as set forth herein, which settlement is agreed to and supported by the Committee.
UCC Settlement means the settlement of the UCC’s potential objections to the DIP Facility and the restructuring transactions contemplated under the restructuring support agreement, dated as of January 16, 2024, a copy of which is filed at Docket No. 1613, the terms of which are set forth in the
Examples of UCC Settlement in a sentence
For the avoidance of doubt, at any time prior to the UCC Settlement Termination Date, the Required Consenting BrandCo Lenders may seek specific performance of the Creditors’ Committee’s obligations under Section 6.
More Definitions of UCC Settlement
UCC Settlement means the settlement between the Debtors, the Required Consenting Stakeholders, and the Creditors’ Committee, as may be approved by the Bankruptcy Court through the 9019 Order and/or the Confirmation Order, pursuant to which, among other things, (a) Holders of 3L Notes Claims and General Unsecured Claims shall be entitled to receive their share of the UCC Settlement Proceeds from the UCC Settlement Trust, (b) Unsecured Notes Settlement Non-Participants shall be entitled to receive their share of the Unsecured Notes Pool, (c) the Debtors shall pay the Creditors’ Committee Member Expenses and the 3L/Unsecured Notes Trustee Expenses, (d) the UCC Settlement Trust shall be established and funded solely with the UCC Settlement Proceeds, (e) each party shall waive its right to assert any Avoidance Actions, and (f) the Creditors’ Committee shall support Confirmation of the Plan.