Most of the Debtors’ third-party business is topic to immediate termination in the occasion a customer chooses to transfer its business. Union Financial Services Group, Inc., a subsidiary of Outsourcing Solutions Inc., filed its voluntary petition under Chapter 11 of the Bankruptcy Code on May 2, 2003. Outsourcing Solutions Inc., and its remaining 29 subsidiaries (collectively, with Union Financial Services Group, Inc., the “Debtors” or the “Company”) filed their voluntary petitions on May 12, 2003. The Debtors have continued in possession of their properties and have operated and managed their companies as debtors in possession pursuant to the provisions of Sections 1107 and 1108 of the Bankruptcy Code.
In February 2002, in the course of the 2001 year-end audit of the Company carried out by PriceWaterhouseCoopers, the Debtors’ administration found certain accounting discrepancies between the detailed account information and basic ledger at one of the Company’s subsidiaries, North Shore Agency, Inc. (“NSA”). B.2. After the Debtors’ administration was notified of the account discrepancies, the controller of NSA admitted that he had falsified data and inaccurately reported sure transactions. The Debtors are approved to consummate the Plan, including the Restructuring Transactions contemplated thereby, at any time after the entry of this Confirmation Order. The substantial consummation of the Plan, inside the which means of sections 1101 and 1127 of the Bankruptcy Code, shall be deemed to happen on the primary date, on or after the Effective Date, on which distributions are made in accordance with the terms of the Plan to Holders of any Allowed Claims or Interests . Notwithstanding another provision of the Plan on the contrary, every Holder of an Allowed Claim or Allowed Interest shall have the solely real and exclusive accountability for the satisfaction and fee of any tax obligations imposed by any Governmental Unit on account of the distribution they obtain underneath the Plan.
The terms of the Plan, the Plan Transaction Documents, the Plan Supplement, all exhibits thereto, and this Confirmation Order shall be effective and binding as of the Effective Date on all events in interest, together with the Reorganized Debtors and all Holders of Claims and Interests. The Plan, along with the other Plan Transaction Documents, shall be, and hereby are, confirmed under part 1129 of the Bankruptcy Code. The phrases of the Plan and the Plan Transaction Documents are licensed and approved, and are incorporated by reference into, and are an integral a part of, this Confirmation Order. The Debtors are licensed to implement and consummate the Plan and the Plan Transaction Documents, including betway solve my financial problems taking all actions necessary, advisable, or appropriate to finalize the Plan Transaction Documents and to effectuate the Plan and the Restructuring Transactions, without any further authorization except as may be expressly required by the RSA, the Backstop Commitment Agreement, the Plan, or this Confirmation Order. Pursuant to sections 365 and 1123 of the Bankruptcy Code, the Plan offers for the belief or rejection of certain Executory Contracts and Unexpired Leases, upon the occurrence of the Effective Date, in addition to the assumption of the Backstop Commitment Agreement, which shall be assumed as of the Confirmation Date.
Israeli authorities additionally maintain parallel felony justice techniques for settlers and Palestinians in the West Bank, excluding East Jerusalem. Israeli authorities attempt Palestinians charged with crimes in army courts, where they face a conviction price of nearly 100 percent. Only Palestinians registered in the Israeli-controlled inhabitants registry are eligible to obtain an identity card or passport. Israeli authorities have refused to register, or denied residency to, tons of of 1000’s of West Bank Palestinians on the grounds that they had been either outside the territory when the occupation started in 1967 or hung out abroad between 1967 and 1994.
Separately contains a true and full listing of all Third-Party Intellectual Property Licenses, and all Contracts underneath which the Sellers have licensed to different Persons the right to make use of any Seller Intellectual Property (other than non-exclusive licenses granted to customers in the ordinary course of business). No Seller is as of the date hereof, or has since January 1, 2018, obtained any written discover that it or some other get together is, in default beneath any of the Contracts set forth on Schedule 3.sixteen. There has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a default under any of the Contracts set forth on Schedule 3.16. Each of the Contracts set forth on Schedule 3.16 is a sound and binding agreement of a number of of the Sellers, enforceable against such Seller or Sellers and against the counterparties thereto, in each case in accordance with its terms, except as such enforcement may be restricted by applicable bankruptcy, insolvency, reorganization, moratorium or different Laws of common application affecting enforcement of creditors’ rights or by ideas of equity . Israeli authorities do face reliable safety challenges in Israel and the OPT.