APPROVAL OF THIS AGREEMENT. 12.1 The Chief Negotiators, by initialling this Agreement, will signify their intention to recommend it to the Parties for their approval.
APPROVAL OF THIS AGREEMENT. On the Petition Date, the Debtors shall file a motion and supporting papers (the “Backstop Motion”) seeking an order of the Bankruptcy Court (which may be included as part of the Disclosure Statement Order or the Confirmation Order), which order (the “Backstop Order”) shall be consistent with the RSA and this Agreement and shall (a) authorize and approve (i) this Agreement and the execution, delivery and performance by the Debtors of this Agreement, (ii) the Debtors’ assumption of this Agreement pursuant to Section 365 of the Bankruptcy Code, (iii) the payment of the fees, expenses and other amounts required to be paid by the Debtors hereunder (including the Backstop Expenses and the Put Option Premium (including, if applicable, the Put Option Premium Cash Amount)), which shall constitute allowed administrative claims against the Debtors’ estates under sections 503(b) and 507(a)(1) of the Bankruptcy Code, and (iv) the indemnification and contribution provisions set forth herein, (b) release and exculpate the Backstop Parties and their respective Affiliates and Representatives from any liability for participation in the transactions contemplated hereby or any of the other Contemplated Transactions, (c) authorize and approve all documents, instruments, agreements and other materials entered into, delivered, distributed or otherwise used in connection with the Rights Offering (including the Rights Offering Procedures and the accompanying subscription form), and (d) otherwise be in form and substance reasonably satisfactory to the Required Backstop Parties; provided, that the signature pages, exhibits and schedules to any copy of this Agreement that is filed with the Bankruptcy Court shall be subject to redaction as the Required Backstop Parties determine, including redacting (x) the names of the Backstop Parties, and (y) the Backstop Commitment Percentage of each Backstop Party. The Debtors shall support and use commercially reasonable efforts to (A) obtain Bankruptcy Court approval of the Backstop Order as soon as practicable after the Petition Date, and in no event more than forty-five (45) days thereafter, (B) obtain a waiver of Bankruptcy Rule 6004(h) and request that the Backstop Order be effective immediately upon its entry by the Bankruptcy Court, which Backstop Order shall not be revised, modified, or amended by any other Order of the Bankruptcy Court, and (C) fully support the Backstop Motion and any application seeking Bankruptcy Court approval and ...
APPROVAL OF THIS AGREEMENT. The board of directors of Belmont has authorized the execution and delivery of this Agreement and has approved the transactions contemplated hereby. There is no requirement that the shareholders of Belmont approve this Agreement or the transactions contemplated hereby. This Agreement is the legal, valid, and binding agreement of Belmont enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, or other laws effecting the enforcement of creditor's rights generally and by general principles of equity.
APPROVAL OF THIS AGREEMENT. (1) By the Regulator or the Authority Prior to 1 February 2001 the Regulator has approved the parts of this Agreement which constitute arrangements requiring his approval under Condition 7 of the Licence granted to each of the Operators and on or after 1 February 2001 the Authority has approved the parts of this Agreement which constitute arrangements requiring its approval under Condition 4 of the Licence granted to each of the Operators.
APPROVAL OF THIS AGREEMENT. The approval of the transaction -------------------------- contemplated herein by (i) Purchaser's Board of Directors, (ii) Marine Midland Business Loans, Inc., and (iii) the approval for the consummation of the transaction contemplated herein by the Arkansas Development Finance Authority prior to Closing.
APPROVAL OF THIS AGREEMENT. The Parties will jointly take all necessary and appropriate steps to secure the Court’s approval of this Agreement, with Class Counsel to prepare and submit all briefs to the Court. No later than fourteen (14) days before the Fairness Hearing, Class Counsel shall file a motion for an Order granting final approval of this Agreement and a Judgment in favor of Plaintiff and the Settlement Class, together with any supporting papers, all of which will be unopposed by Defendants, subject to their review of same before filing.