Revocation or Withdrawal of Plan. Subject to the rights afforded to the Purchasers in the Approval Order, the Debtors reserve the right to revoke or withdraw the Plan before the Confirmation Date and to file subsequent plans of reorganization. If the Debtors revoke or withdraw the Plan, or if Confirmation or Consummation does not occur, then: (1) the Plan shall be null and void in all respects; (2) any settlement or compromise embodied in the Plan (including the fixing or limiting to an amount certain of the Claims or Interests or Class of Claims or Interests), assumption or rejection of Executory Contracts or Unexpired Leases effected by the Plan, and any document or agreement executed pursuant to the Plan, shall be deemed null and void; and (3) nothing contained in the Plan shall: (a) constitute a waiver or release of any Claims or Interests; (b) prejudice in any manner the rights of such Debtor, any Holder, or any other Entity; or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by such Debtor, any Holder, or any other Entity.
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Sources: Recapitalization Agreement (Ventura Capital Privado, S.A. De C.V.)
Revocation or Withdrawal of Plan. Subject To the extent permitted by the Restructuring Support Agreement and subject to the consent rights afforded therein (which are incorporated herein pursuant to the Purchasers in the Approval OrderArticle I.H), the Debtors reserve the right to revoke or withdraw the Plan before prior to the Confirmation Date and to file File subsequent plans of reorganization. If the Debtors revoke or withdraw the Plan, or if Confirmation or Consummation does not occur, then: (1) the Plan shall be null and void in all respects; (2) any settlement or compromise embodied in the Plan (including the fixing or limiting to an amount certain certain, and including the Allowance or disallowance, of the Claims all or Interests any portion of any Claim or Interest or Class of Claims or Interests), assumption or rejection (to the extent applicable) of Executory Contracts or Unexpired Leases effected by under the Plan, and any document or agreement executed pursuant to the Plan, shall be deemed null and void; and (3) nothing contained in the Plan shall: (a) constitute a waiver or release of any Claims or Interests; (b) prejudice in any manner the rights of such Debtor, any Holder, Debtor or any other Entity; or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by such Debtor, any Holder, Debtor or any other Entity.
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Revocation or Withdrawal of Plan. Subject to the consent rights afforded of the parties to the Purchasers Restructuring Support Agreement set forth in the Approval OrderRestructuring Support Agreement (including the exhibits thereto), the Debtors reserve the right to revoke or withdraw the Plan before prior to the Confirmation Effective Date with respect to any or all Debtors and to file subsequent plans of reorganizationchapter 11 plans. If the Debtors revoke or withdraw the Plan, or if Confirmation or Consummation the Effective Date does not occur, thenwith respect to one or more of the Debtors, then with respect to such applicable Debtor or Debtors: (1i) the Plan shall will be null and void in all respects; (2ii) any settlement or compromise embodied in the Plan (including the fixing or limiting to an amount certain of the Claims or Interests or Class of Claims or Interests)Plan, assumption or rejection of Executory Contracts or Unexpired Leases effected effectuated by the Plan, and any document or agreement executed pursuant to the Plan, shall hereto will be deemed null and voidvoid in all respects; and (3iii) nothing contained in the Plan shall: shall (a) constitute a waiver or release of any Claims Claims, Equity Interests, or Interests; Causes of Action by any Entity, (b) prejudice in any manner the rights of such Debtor, any Holder, Debtor or any other Entity; , or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by such Debtor, any Holder, Debtor or any other Entity.
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Revocation or Withdrawal of Plan. Subject to the rights afforded to terms of the Purchasers in the Approval OrderRestructuring Support Agreement, the Debtors reserve the right to revoke or withdraw the Plan before prior to the Confirmation Date and to file File subsequent plans of reorganization. If the Debtors revoke or withdraw the Plan, or if Confirmation or Consummation does not occur, then: (1) the Plan shall be null and void in all respects; (2) any settlement or compromise embodied in the Plan (including the fixing or limiting to an amount certain of the Claims any Claim or Interests Interest or Class of Claims or Interests), assumption or rejection of Executory Contracts or Unexpired Leases effected by under the Plan, and any document or agreement executed pursuant to the Plan, shall be deemed null and void; and (3) nothing contained in the Plan shall: (a) constitute a waiver or release of any Claims or InterestsInterests or Causes of Action by any Entity; (b) prejudice in any manner the rights of such Debtor, any Holder, Debtor or any other Entity; or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by such Debtor, any Holder, Debtor or any other Entity; provided, however, that all orders of the Bankruptcy Court and all documents executed pursuant thereto, except the Confirmation Order, shall remain in full force and effect.
Appears in 1 contract
Sources: Restructuring Support Agreement (Ultra Petroleum Corp)