Common use of Revocation or Withdrawal of the Plan Clause in Contracts

Revocation or Withdrawal of the Plan. The Debtor reserves the ------------------------------------ right to revoke or withdraw the Plan prior to the Confirmation Date. If the Debtor revokes or withdraws the Plan prior to the Confirmation Date, then the Plan shall be deemed null and void. In such event, nothing contained herein shall constitute or be deemed a waiver or release of any claims by or against the Debtor or any person or to prejudice in any manner the rights of the Debtor or any person in any further proceedings involving the Debtor.

Appears in 1 contract

Sources: Settlement Agreement (Jayhawk Acceptance Corp)

Revocation or Withdrawal of the Plan. The Debtor reserves Debtors reserve the ------------------------------------ right to revoke or withdraw the Plan prior to the Confirmation Effective Date. If the Debtor revokes or withdraws the Plan prior to the Confirmation DateDebtors take such action, then the Plan shall be deemed null and void. In such event, nothing contained herein shall constitute or be deemed to be a waiver or release of any claims Claims by or against the Debtor Debtors or any person other Person or to prejudice in any manner the rights of the Debtor Debtors or any person Person in any further proceedings involving the DebtorDebtors.

Appears in 1 contract

Sources: Restructuring Support Agreement (Panolam Industries International Inc)