Commitments of the Parties. Subject to the terms and conditions hereof, and for so long as this Agreement has not been terminated in accordance with the terms hereof, each of the Parties covenants and agrees that it and each of its affiliates shall: (i) support consummation of the Restructuring, including the solicitation, confirmation and consummation of the Agreed Plan, as may be applicable, pursuant to the terms set forth in this Agreement; (ii) support and not object, on any grounds, to the terms, conditions, nature or amount of the Capital Increase; and (iii) to the extent applicable, not directly or indirectly (A) take any action that is inconsistent with this Agreement, or that would delay, obstruct or interfere with the proposal, solicitation, confirmation or consummation of the Agreed Plan or the Capital Increase or (B) solicit or direct any person, including, without limitation, any indenture trustee for the Existing Notes, to undertake any action inconsistent with or prohibited by this Agreement.
Appears in 4 contracts
Sources: Plan Support Agreement, Plan Support Agreement, Plan Support Agreement
Commitments of the Parties. Subject to the terms and conditions hereof, and for so long as this Agreement has not been terminated in accordance with the terms hereof, each of the Parties covenants and agrees that it and each of its affiliates shall:
(i) support consummation of the Restructuring, including the solicitation, confirmation and consummation of the Agreed Plan, as may be applicable, pursuant to the terms set forth in this Agreement;
(ii) support and not object, on any grounds, to the terms, conditions, nature or amount of the Capital IncreaseNew Investment; and
(iii) to the extent applicable, not directly or indirectly (A) take any action that is inconsistent with this Agreement, or that would delay, obstruct or interfere with the proposal, solicitation, confirmation or consummation of the Agreed Plan or the Capital Increase New Investment or (B) solicit or direct any person, including, without limitation, any indenture trustee for the Existing Notes, to undertake any action inconsistent with or prohibited by this Agreement.
Appears in 1 contract
Sources: Plan Support Agreement