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.
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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).
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Related to Acceptable Plan Effective Date

  • Effective Date This agreement shall be effective upon its execution, and unless terminated as provided, shall continue in force until May 31, 2006 and thereafter from year to year, provided continuance is approved annually by the vote of a majority of the Board members of the Issuer, and by the vote of those Board members of the Issuer who are not "interested persons" of the Issuer and, if a plan under Rule 12b-1 under the Investment Company Act of 1940 is in effect, by the vote of those Board members of the Issuer who are not "interested persons" of the Issuer and who are not parties to the Distribution and Service Plan or this Agreement and have no financial interest in the operation of the Distribution and Service Plan or in any agreements related to the Distribution and Service Plan, cast in person at a meeting called for the purpose of voting on the approval. This Agreement shall automatically terminate in the event of its assignment. As used in this paragraph, the terms "assignment" and "interested persons" shall have the respective meanings specified in the Investment Company Act of 1940 as now in effect or as hereafter amended. In addition to termination by failure to approve continuance or by assignment, this Agreement may at any time be terminated by either party upon not less than sixty days' prior written notice to the other party.