As part of the deal released Monday and negotiated on the Thanksgiving holiday weekend, the creditors, who are currently leaving by the hundreds, would jointly recover up to $1 million. It`s “a 10-cent recovery, a little less, a little more,” said Gregg Galardi, one of the lawyers representing Rubio`s. The agreement reached with the formal committee representing the creditors provides that $650,000 will be set aside for repayments, plus up to $350,000 in savings on professional expenses in realized by the company. As part of the deal, emerge subscribers charge US$8.50 (about AUD 11.70) per month to participate in mobile social gaming competitions, win rewards and win prizes. The announcement comes just two weeks before a Delaware insolvency judge is asked to approve a turnaround plan for Rubio`s that expects to emerge from bankruptcy by the end of the year. The only relationship between you and Emerge is that of independent contractors. If any provision of this Agreement is held to be invalid by a court of competent jurisdiction, the invalidity of any provision shall not affect, in whole or in part, the validity of the remaining parts and provisions of this Agreement that remain in full force and effect. All provisions of this Agreement apply even after termination, except those that allow access to or use of the Websites, and you must immediately cease your use of and access. You shall not assign or transfer your obligations under this Agreement. No waiver of any provision of this Agreement shall be deemed a further or permanent waiver of that provision or any other provision. Except as expressly set forth by Emerge in a “legal notice” or specific document on certain websites of the Websites, this Agreement and, if applicable, your Career Partnership Agreement constitute the entire agreement between you and Emerge. 5.2 The artist guarantees that he is the sole author, owner and controller of the musical works and all accompanying literary works (texts) contained in the content, that these works are original and that the artist is not involved in an exclusive songwriting agreement.
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