Examples of WV Debtors in a sentence
The WV Debtors or the Reorganized Debtors, as applicable, shall reduce in full a Claim to the extent that the Holder of such Claim receives payment in full on account of such Claim from a party that is not a WV Debtor or a Reorganized Debtor, as applicable, and the WV Debtors or the Reorganized Debtors, as applicable shall provide notice to such Holder of any such reduction.
The rights afforded in the Plan and the treatment of all Claims and Interests herein shall be in exchange for and in complete satisfaction of Claims and Interests of any nature that arose before the Effective Date whatsoever, including any interest accrued on claims from and after the Petition Date, against the WV Debtors or any of their assets, property, or Estates.
In accordance with section 1123(b) of the Bankruptcy Code, the Reorganized Debtors shall retain and may enforce all rights to commence and pursue, as appropriate, any and all Causes of Action belonging to the WV Debtors, whether arising before or after the Petition Date, and the Reorganized Debtors’ rights to commence, prosecute, or settle such Causes of Action shall be preserved notwithstanding the occurrence of the Effective Date, except as otherwise expressly provided in the Plan.
Any amendments, modifications, or supplements to the Plan (including the Plan Supplement), if any, shall be reasonably acceptable to the WV Debtors.
The WV Debtors or the Reorganized Debtors may, but shall not be required to, setoff against or recoup from any Claims of any nature whatsoever that the WV Debtors or the Reorganized Debtors may have against the claimant, but neither the failure to do so nor the allowance of any Claim hereunder shall constitute a waiver or release by the WV Debtors or the Reorganized Debtors of any such Claim it may have against the Holder of such Claim.
Notwithstanding anything to the contrary herein, all fees due and payable pursuant to section 1930 of Title 28 of the U.S. Code prior to the Effective Date shall be paid by the WV Debtors on the Effective Date.
The membership agreement(s), articles of organization and other similar documents of the WV Debtors shall be amended to provide the Members with the broadest indemnification rights provided by law and shall require distributions for any tax payments that they may be required to make as a result of their ownership interests.
Except as expressly set forth herein, all Entities shall be precluded from asserting against the WV Debtors, the WV Debtors’ Estates, the Reorganized Debtors, each of their respective successors and assigns, and each of their assets and properties, any other claims or interests based upon any documents, instruments, or any act or omission, transaction, or other activity of any kind or nature that occurred before the Effective Date.
The WV Debtors, with the consent of the Sabra Entities may dissolve the entities that operated the Closed Facilities.
On the Effective Date, all such Claims against the WV Debtors shall be fully released and discharged, and the Interests shall be cancelled.