Common use of Revocation or Withdrawal of Plan Clause in Contracts

Revocation or Withdrawal of Plan. ‌ Subject to the conditions and limitations set forth in the RPSA, the Debtors reserve the right to revoke or withdraw the Plan before the Confirmation Date and to file subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if Confirmation or the Effective Date does not occur, then: (a) the Plan will be null and void in all respects; (b) any allowance of a Claim or any other settlement or compromise embodied in the Plan, assumption or rejection of Executory Contracts or Unexpired Leases effected by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (c) nothing contained in the Plan shall (1) constitute a waiver or release of any Claims, Interests, or Causes of Action, (2) prejudice in any manner the rights of any Debtor or any other Entity, or (3) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.

Appears in 1 contract

Sources: Restructuring and Plan Support Agreement

Revocation or Withdrawal of Plan. ‌ Subject to the conditions and limitations set forth in the RPSA, the The Debtors reserve the right to revoke or withdraw the Plan with respect to any or all Debtors before the Confirmation Date and to file File subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if Confirmation or the Effective Date does not occur, then: (a1) the Plan will be null and void in all respects; (b2) any allowance of a Claim or any other settlement or compromise embodied in the Plan, assumption or rejection of Executory Contracts or Unexpired Leases effected effectuated by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (c3) nothing contained in the Plan shall (1a) constitute a waiver or release of any Claims, Interests, or Causes of ActionAction by any Entity, (2b) prejudice in any manner the rights of any Debtor or any other Entity, or (3c) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.

Appears in 1 contract

Sources: Restructuring Support Agreement (Parker Drilling Co /De/)

Revocation or Withdrawal of Plan. Subject to the conditions and limitations set forth in terms of the RPSARestructuring Support Agreement, the Debtors reserve the right to revoke or withdraw the Plan with respect to any or all Debtors before the Confirmation Date and to file File subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if Confirmation or the Effective Date does not occur, then: (a1) the Plan will be null and void in all respects; (b2) any allowance of a Claim or any other settlement or compromise embodied in the Plan, assumption or rejection of Executory Contracts or Unexpired Leases effected effectuated by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (c3) nothing contained in the Plan shall (1a) constitute a waiver or release of any Claims, Interests, or Causes of ActionAction by any Entity, (2b) prejudice in any manner the rights of any Debtor or any other Entity, or (3c) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.. Table of Contents

Appears in 1 contract

Sources: Restructuring Support Agreement (Whiting Petroleum Corp)

Revocation or Withdrawal of Plan. ‌ Subject The Debtors, subject to and in accordance with the conditions and limitations set forth in the RPSASupport Agreement, the Debtors reserve the right to revoke or withdraw the Plan before the Confirmation Date and to file subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if Confirmation or the Effective Date does not occur, then: (a) the Plan will be null and void in all respects; (b) any allowance of a Claim or any other settlement or compromise embodied in the Plan, assumption or rejection of Executory Contracts or Unexpired Leases effected by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (c) nothing contained in the Plan shall (1) constitute a waiver or release of any Claims, Interests, or Causes of Action, (2) prejudice in any manner the rights of any Debtor or any other Entity, or (3) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.

Appears in 1 contract

Sources: Restructuring Support Agreement (EveryWare Global, Inc.)

Revocation or Withdrawal of Plan. ‌ Subject to the conditions and limitations set forth in the RPSA, the The Debtors reserve the right right, subject to the terms of the Restructuring Support Agreement, to revoke or withdraw the Plan before the Confirmation Date and to file subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if the Confirmation Date or the Effective Date does not occur, then: (a1) the Plan will be null and void in all respects; (b2) any allowance of a Claim or any other settlement or compromise embodied in the Plan, assumption or rejection of Executory Contracts or Unexpired Leases effected by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (c3) nothing contained in the Plan shall (1a) constitute a waiver or release of any Claims, Interests, or Causes of Action, (2b) prejudice in any manner the rights of any Debtor or any other Entity, or (3c) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.

Appears in 1 contract

Sources: Restructuring Support Agreement (Quorum Health Corp)

Revocation or Withdrawal of Plan. ‌ Subject to the conditions and limitations set forth in the RPSA, the The Debtors reserve the right to revoke or withdraw the Plan before the Confirmation Date and to file subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if Confirmation or the Effective Date does not occur, then: (a) the Plan will be null and void in all respects; (b) any allowance of a Claim or any other settlement or compromise Table of Contents embodied in the Plan, assumption or rejection of Executory Contracts or Unexpired Leases effected by the Plan, and any document or agreement executed pursuant hereto will be null and void in all respects; and (c) nothing contained in the Plan shall (1) constitute a waiver or release of any Claims, Interests, or Causes of Action, (2) prejudice in any manner the rights of any Debtor or any other Entity, or (3) constitute an admission, acknowledgement, offer, or undertaking of any sort by any Debtor or any other Entity.

Appears in 1 contract

Sources: Agreement and Plan of Merger (DEX ONE Corp)