Searching for Plan Support Agreement information? Find all needed info by using official links provided below.
https://www.sheehan.com/validity-plan-support-agreements-walking-sub-rosa-plan-line/
Oct 25, 2016 · Plan support agreements (“PSAs”), also referred to as “lockup” agreements or restructuring support agreements, have become increasingly common in Chapter 11 bankruptcies. Proponents of the agreements contend that they promote a consensual Chapter 11 process, carrying forward a concrete proposal that the key constituents will abide to in seeking plan confirmation.
https://www.agreements.org/plan-support-agreement.html/
A plan support agreement is a legal document written when an individual or organization agrees to support the plan of another organization financially. This agreement includes the plan for which financial support is required and the amount that the supporting party will provide.
https://www.lawinsider.com/dictionary/plan-support-agreement
Plan Support Agreement means the agreement, effective as of December 20, 2009, pursuant to which Citadel and Lenders holding over 61.5% of the debt representing the Senior Claims agreed to the principal terms of this Plan; provided, however, the Senior Agent has indicated it may be in possession of additional executed signature pages of Holders of Senior Claims.
https://www.law.com/newyorklawjournal/2019/11/15/chapter-11-plan-support-agreements-greasing-the-wheels-for-confirmation-success/
Plan support agreements are often an essential component of a successful complex Chapter 11 reorganization and provide a framework for a debtor’s financial restructuring. These agreements have...
https://www.agreements.org/restructuring-plan-support-agreement.html/
Plan Support agreements may help reduce the cost, length and negative publicity associated with a bankruptcy filing by assuring the market, including prospective lenders or investors, that the debtor will exit bankruptcy without causing too much disruption to employees, customers or partners of the debtor.
https://content.next.westlaw.com/Document/I3c3001286ae611e698dc8b09b4f043e0/View/FullText.html?contextData=(sc.Default)
A standard form of restructuring support agreement, also called a lock-up or plan support agreement, to be used in transactions between creditors and a Chapter 11 plan proponent to support a prepackaged or pre-negotiated Chapter 11 plan. This Standard Document contains integrated drafting notes with important explanations and drafting tips.
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