Common use of Settlement Approval Motion Clause in Contracts

Settlement Approval Motion. Within three (3) Business Days after the date of execution by all Parties to this Settlement Agreement, the Debtors shall file a motion (the “Settlement Approval Motion”) with the Bankruptcy Court seeking (i) approval of this Settlement Agreement pursuant to Rule 9019(a) of the Bankruptcy Rules, (ii) authorization for the Debtors to enter into the Plan Support Agreement pursuant to section 363 of the Bankruptcy Code, and (iii) waiver of any stay of the Settlement Order pursuant to Rule 6004(h) of the Bankruptcy Rules. The Settlement Approval Motion shall be in form and substance reasonably acceptable to the Parties.

Appears in 3 contracts

Sources: Settlement Agreement (Energy Future Intermediate Holding CO LLC), Settlement Agreement (Energy Future Holdings Corp /TX/), Settlement Agreement (Energy Future Competitive Holdings Co LLC)