Sentence examples for creditor approval from inspiring English sources

The plan requires both court and creditor approval.

Terms of the transaction were not announced pending formal court and creditor approval of the sale.

But the judge suggested that the severance proposal be included in AMR's reorganization plan, making it subject to creditor approval.

Creditor approval is balanced by the debtor's power to "cram down" a plan on dissenting creditors, if certain safeguards are met.

Judge Lane suggested at the March hearing that the severance might be better addressed in AMR's reorganization plan, which the company has yet to submit and which requires creditor approval.

"The company could have a hard time obtaining lender and creditor approval for debt restructuring necessary to consummate significant divestitures in light of the operational trends in its largest health business," he said.

Exide Technologies, the world's biggest maker of automobile batteries, won a bankruptcy judge's permission to seek creditors' approval of its plan to eliminate $1.3 billion in debt.

Foreign creditors are also worried by Italy's bankruptcy law, which, unlike the law in the United States, does not require creditors' approval before a restructuring plan is submitted to regulators.

Mr. Sher was appointed to run Thornburg after the company's executives were accused of using Thornburg's staff and offices, without creditors' approval, to start a new company.

Superior TeleCom Inc., a maker of copper-wire and cable products that filed for bankruptcy protection in March, won court permission to seek creditors' approval of a reorganization plan to transfer ownership to senior secured lenders.

This is because the way Pompey wanted to exit their current administration via a Company Voluntary Arrangement did not have the 2010 creditors' approval.