Acceptable Plan Effective Date Sample Clauses
Acceptable Plan Effective Date by the date that is no later than one hundred and seventy (170) days after the Petition Date, the effective date of the Acceptable Plan shall have occurred. Notwithstanding anything to the contrary herein, the Bankruptcy Court may set dates with respect to the foregoing sale milestones beyond the outer dates specified above to accommodate its own schedule and to the extent the Bankruptcy Court makes such an extension, the sale milestones hereunder shall be automatically extended by the same period as the Bankruptcy Court’s extension.
Acceptable Plan Effective Date. By the date that is no later than one hundred and twenty (120) days after the Petition Date, the effective date of the Acceptable Plan shall have occurred; provided however, that such milestone shall be automatically extended as needed to allow for the expiration or termination of any applicable waiting periods and the receipt of any necessary regulatory approvals, including in connection with any foreign direct investment filings; provided, further, that no such extension shall apply in the event that the delay results from a party’s failure to take necessary actions to obtain such approvals. Notwithstanding anything to the contrary herein, , each of the above milestones (the “Milestones”) shall be deemed automatically extended to the extent the extension is a result of scheduling with the Bankruptcy Court or an order of the Bankruptcy Court setting such date (after the Debtors’ good faith efforts to comply) with the Milestones set forth herein; provided that any such dates may only be extended otherwise with the prior written consent of the Majority Lenders in their sole discretion (email shall suffice, including from counsel).