Extension Order Sample Clauses
The Extension Order clause defines the process and conditions under which the duration of an existing agreement or contract can be formally extended. Typically, this clause outlines the steps required for one or both parties to request an extension, such as providing written notice within a specified timeframe before the original expiration date, and may specify any terms that will apply during the extended period. Its core practical function is to provide a clear, agreed-upon mechanism for continuing the contractual relationship beyond its initial term, thereby preventing misunderstandings and ensuring continuity of service or obligations.
Extension Order. Agent shall have received a certified copy of a final, non-appealable order of the Bankruptcy Court in substantially the form of Exhibit A attached hereto (the “Extension Order”), which Extension Order shall be in full force and effect and shall not have been vacated, stayed, reversed, modified or amended in any respect.
Extension Order. 25 6.18. Pre-Closing Rejected Contracts, Real Properties and Real Property Leases............................ 26 6.19. Post-Closing Rejection Motions...................................................................... 26 6.20. Buyer Designation of Assumed Contracts, Purchased Real Property and Assumed Real Property Leases.... 26 6.21. Notice to Sellers with respect to Certain Third Party Leases........................................ 26 7. Conditions Precedent to Parties' Obligation............................................................... 27 7.1. Conditions to Obligations of All Parties............................................................ 27 7.2. Conditions to Buyer's Obligations................................................................... 28 7.3 Conditions to Sellers' Obligations..................................................................
Extension Order. 18 5.5 Prosecution, Defense and Settlement of Rejection Claims; Mediation....
Extension Order. In order for the parties to accomplish the objectives of this Article 5 and the parties' objectives in respect of the Guaranty, Seller hereby agrees to use its "best efforts" to obtain the entry by the Bankruptcy Court of an order (or, if such order cannot be obtained, additional orders), providing, that the total time for Seller to determine whether to assume or reject all of the Option Leases, as set forth in section 365(d)(4) of the Bankruptcy Code, shall be extended for a period of at least six months from the Closing (the "Extension Order"). If the Extension Order cannot be obtained, despite the use by Seller of its best efforts, Buyer agrees that the Guaranty shall not be affected by Seller's failure to obtain the Extension Order with respect to any one or more Option Leases as to which at least a three (3) month extension shall have been obtained; but if, with respect to those Option Leases as to which Seller shall have been unable to obtain at least a three (3) month extension, Buyer does not agree that the Guaranty will not be affected, then Seller shall have the right to elect not to proceed with the transactions contemplated by this Agreement. Seller's initial motion for the entry of the Extension Order shall be scheduled and heard simultaneously with Seller's motion for the entry of an order approving the transactions contemplated by this Agreement.
Extension Order. Schedule 1.1.8 as of May 1, 2000 and (ii) terminating and releasing all of the -------------- liens, claims and interests in and to any Delayed Transfer Properties and Purchased Assets transferred pursuant to Section 9.7 (other than (i) landlord liens, (ii) the rights of lessees, pursuant to Bankruptcy Code Section 365(h)(1), under any Rejected Third Party Leases relating to any such Delayed Transfer Property and (iii) Buyer Liens) under and pursuant to Section 363(f) and 1141(d) (in the case of the Confirmation Order) of the Bankruptcy Code. Any order entered by the Bankruptcy Court granting the foregoing shall be referred to as the "Extension Order." ---------------
Extension Order. Within 10 days of the Closing Date, the Borrower shall obtain an order under the CCAA extending the stay of proceedings granted in the Initial Order by at least 90 days, which order shall be in form and substance satisfactory to the Agent which for greater certainty shall provide for the payment of all interest payable under the