Successful Reorganization

Successful Reorganization. The earlier of (a) the effective date of a confirmed Plan of Reorganization and (b) the sale of all or substantially all of the Debtors' assets, in each of cases (a) and (b) immediately after which a substantial portion of the Debtors' businesses operate as a going concern outside of the Bankruptcy Code, whether as a stand-alone entity, as part of a post-emergence entity or as a result of the completion of an alternative transaction or series of transactions by which these businesses continue... to operate under different ownership outside of chapter 11 View More