Common use of Interim Order Clause in Contracts

Interim Order. Not later than five (5) days following the Filing Date, the Administrative Agent and the Lenders shall have received a certified copy of each Interim Order approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead Arrangers, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead Arrangers, (iii) shall approve the payment by the Loan Parties of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.22, (iv) shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 4 contracts

Samples: Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp)

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Interim Order. Not later than five ten (510) days following the Filing Date, the Administrative Agent and the Lenders shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit A or such other form as otherwise agreed by the Administrative Agent and the Debtors (the "Interim Order Order") approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan PartiesBorrowers, in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties Borrowers of all of the Fees set forth in Section 2.20Sections 2.19, Section 2.21 2.20 and Section 2.222.21, (iv) shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent respect, and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretionAgent) of the secured creditors of any of the Loan Parties Borrowers under the Pre-Petition Credit Agreement, and (viivi) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrowers of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Interstate Bakeries Corp/De/), Revolving Credit Agreement (Interstate Bakeries Corp/De/), Revolving Credit Agreement (Interstate Bakeries Corp/De/)

Interim Order. Not At the time of the making of the initial Loans or at the time of the issuance of the initial Letters of Credit, whichever first occurs, but in any event no later than five ten (510) days following after the Filing Date, the Administrative Agent and the Lenders Banks shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit A-1 (the "Interim Order Order") approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered entered, upon an application or motion of the applicable Loan Parties, Borrower reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and Initial Banks, on such prior notice to such parties as may in each case be reasonably satisfactory to the Administrative Agent and the Co-Lead ArrangersInitial Banks, (ii) shall authorize extensions of credit in amounts satisfactory to not in excess of $1,150,000,000 (which amount may not be increased without the Administrative Agent and consent of the Co-Lead ArrangersInitial Banks), (iii) shall approve the payment by the Loan Parties Borrower of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.222.19, (iv) shall be in full force and effect, and (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangersrespect; and, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan Loans nor the issuance of such Letter of Credit nor the performance by the Borrower or any of the Loan Parties Guarantors of any of their respective obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Kmart Corp)

Interim Order. Not later than five ten (510) days following the Filing ------------- Date, the Administrative Agent and the Lenders shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit ------- A-1 (the "Interim Order Order") approving the Loan Documents and granting the --- ------------- Superpriority Claim status and senior priming Priming Liens and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered upon an ------------ application or motion of the applicable Loan Parties, Borrowers reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and shall have been entered on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties Borrowers of all of the Fees set forth in Section 2.20Sections 2.19, Section 2.21 2.20 and Section 2.222.21, ------------- ---- ---- (iv) shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent respect, and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive its sole discretion) of the secured creditors of any of the Loan Parties Borrowers under the Pre-Petition Existing Credit Agreement; and, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrowers or the Guarantors of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Bethlehem Steel Corp /De/)

Interim Order. Not At the time of the making of the initial Loans or at the time of the issuance of the initial Letter of Credit, whichever first occurs, but not later than five fifteen (515) days following the Filing Date, the Administrative Agent and the Lenders Banks shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit A-1 (the "Interim Order Order") approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 2.23 and the CCAA DIP Lenders’ Charge, use by the Borrower and the Guarantors of any cash collateral in which the case of Existing Lenders or the Initial Order, Primed Vendors may have an interest which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, Borrower satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and Agent, on such no less than two (2) Business Days' prior notice to such parties as may be satisfactory each of the Existing Lenders, the Primed Vendors, counsel to the Administrative Agent Official Committee of Unsecured Creditors (if appointed), the United States Trustee, any party who has filed a notice with the Bankruptcy Court requesting service of papers and any other parties in interest which have been designated by the Co-Lead ArrangersBankruptcy Court to receive pleadings in the case, (ii) shall authorize have authorized extensions of credit under this Agreement of not less than $20,000,000 in amounts satisfactory to the Administrative Agent and the Co-Lead Arrangersaggregate, (iii) shall approve the payment by the Loan Parties of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.22, (iv) shall be in full force and effect, and (viv) shall not have been stayed, reversed, vacated, rescinded, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangersand, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan Loans nor the issuance of such Letter of Credit nor the performance by the Borrower or any of the Loan Parties Guarantors of any of their respective obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Alliance Entertainment Corp)

Interim Order. Not later than five ten (510) days following the Filing Date, the Administrative Agent and the Lenders shall have received a certified copy of each Interim Order an order of the Bankruptcy Court in substantially the form of Exhibit A-1 (the "INTERIM ORDER") approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, Borrowers reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and Agent, which Interim Order shall have been entered on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties Borrowers of all of the Fees set forth in Section 2.20Sections 2.19, Section 2.21 2.20 and Section 2.222.21, (iv) shall be in full force and effect, effect and (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangersrespect; and, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrowers or the Guarantor of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.. 140

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Usg Corp)

Interim Order. Not later than five ten (510) days following the Filing ------------- Date, the Administrative Agent and the Lenders shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit ------- A-1 (the "Interim Order Order") approving the --- ------------- 38 Loan Documents and granting the Superpriority Claim status and senior priming Priming Liens and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall ------------ have been entered upon an application or motion of the applicable Loan Parties, Borrowers reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and shall have been entered on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties Borrowers of all of the Fees set forth in Section 2.20Sections 2.19, Section 2.21 2.20 and Section 2.222.21, ------------- ---- ---- (iv) shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent respect, and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive its sole discretion) of the secured creditors of any of the Loan Parties Borrowers under the Pre-Petition Existing Credit Agreement; and, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrowers or the Guarantors of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Bethlehem Steel Corp /De/)

Interim Order. Not later than five ten (510) days following the ------------- Filing Date, the Administrative Agent and the Lenders shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit A-1 (the "Interim Order Order") approving the Loan Documents and ----------- ------------- granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered ------------ upon an application or motion of the applicable Loan Parties, Borrowers reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties Borrowers of all of the Fees set forth in Section 2.20Sections 2.19, Section 2.21 2.20 and Section 2.222.21, (iv) shall be in ------------------- ---- full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of respect, except as approved by the Administrative Agent Agent, in its sole discretion, and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive its sole discretion) of the secured creditors of any of the Loan Parties Borrowers under the Pre-Petition Credit AgreementExisting Agreements; and, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrowers of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Federal Mogul Corp)

Interim Order. Not At the time of the making of the initial Loans or at the time of the issuance of the initial Letters of Credit, whichever first occurs, but in any event no later than five ten (510) days following after the Filing Date, the Administrative Agent and the Lenders Banks shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit A-1 (the “Interim Order Order”) approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered entered, upon an application or motion of the applicable Loan Parties, Borrower reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and Initial Banks, on such prior notice to such parties as may in each case be reasonably satisfactory to the Administrative Agent and the Co-Lead ArrangersInitial Banks, (ii) shall authorize extensions of credit in amounts satisfactory to not in excess of $1,150,000,000 (which amount may not be increased without the Administrative Agent and consent of the Co-Lead ArrangersInitial Banks), (iii) shall approve the payment by the Loan Parties Borrower of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.222.19, (iv) shall be in full force and effect, and (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangersrespect; and, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan Loans nor the issuance of such Letter of Credit nor the performance by the Borrower or any of the Loan Parties Guarantors of any of their respective obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Kmart Corp)

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Interim Order. Not The Interim Order shall be in full force and effect and shall not have been vacated or reversed, shall not be subject to a stay, and shall not have been modified or amended without the prior written consent of the Required Lenders; provided that at the time of the Subsequent Draw, the Administrative Agent shall have received a final copy of an order of the Bankruptcy Court in substantially the form of the “form of” Interim Order filed with the DIP Motion on the Petition Date (with only such modifications thereto as are satisfactory in form and substance to the Borrower and the Required Lenders) and authorizing the Term Facility on a final basis (the “Final Order”), which, in any event, shall have been entered by the Bankruptcy Court no later than the date that is forty-five (545) days following the Filing Petition Date, and at the Administrative Agent time of the Subsequent Draw and the Lenders shall have received a certified copy Borrower’s delivery of each Interim Order approving the Loan Documents and granting Notice of Borrowing with respect to the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ ChargeSubsequent Draw, in each case, the case of the Initial Order, which Interim Final Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead Arrangers, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead Arrangers, (iii) shall approve the payment by the Loan Parties of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.22, (iv) shall be in full force and effect, (v) and shall not have been stayed, vacated or reversed, shall not be subject to a stay, and shall not have been modified or amended in any respect without the prior written consent of the Administrative Agent Required Lenders; and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if either the Interim Order or the Final Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit Loans nor the performance by any of the Loan Parties Credit Party of any of their respective obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein of the Credit Documents shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Samples: Possession Credit Agreement (Avaya Holdings Corp.)

Interim Order. Not later than five (5) days following At the Filing Datetime of the making of the initial Loans or at the time of the issuance of the initial Letter of Credit, whichever first occurs, the Administrative Agent Agent, the Fronting Banks and the Lenders shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit B (the "Interim Order Order") approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.22 which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, Borrower reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and Agent, on such prior notice to such parties (including the Existing Lenders) as may be reasonably satisfactory to the Administrative Agent and not later than fifteen (15) days following the Co-Lead Arrangerscommencement of the Case, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall provide for adequate protection in favor of the Existing Lenders, as set forth in Section 4.1(d), (iv) approve the payment by the Loan Parties Borrower of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.222.18, (ivv) shall be in full force and effect, and (vvi) shall not have been amended, modified, stayed, reversed, modified vacated or amended rescinded in any respect without the prior written consent of the Administrative Agent and the Co-Lead ArrangersRequired Lenders and, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan Loans nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrower of any of their obligations its Obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Samples: Revolving Credit Agreement (Payless Cashways Inc)

Interim Order. Not later than five (5) days following the Filing DateApril 12, 2010, the Administrative Agent Bankruptcy Court shall have entered an order (in form and substance acceptable to the Requisite Banks and the Lenders shall have received a certified copy of each Interim Order Administrative Agent) approving the Loan Documents transactions contemplated hereunder on an interim basis (the “Interim Order”), on motion by the Debtors, such motion to be in form and granting substance reasonably satisfactory to the Superpriority Claim status and senior priming and other Liens described in Section 2.24 Requisite Banks and the CCAA DIP Lenders’ Charge, in the case of the Initial OrderAdministrative Agent, which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be reasonably satisfactory to the Requisite Banks and the Administrative Agent and as otherwise required by the Co-Lead ArrangersBankruptcy Code, the Federal Rules of Bankruptcy Procedure, orders of the Bankruptcy Court, and any applicable local bankruptcy rules, and shall not have been reversed, modified, amended or stayed in any respect (or application therefor made), (i) approving the transactions contemplated by the Credit Documents and authorizing extensions of credit thereunder, (ii) shall authorize extensions of credit in amounts satisfactory to approving the Administrative Agent payment by the Borrower and the Co-Lead ArrangersGuarantors of all the fees and expenses that are required to be paid under or in connection with the Credit Documents, (iii) shall approve the payment by the Loan Parties providing, after five (5) Business Days’ written notice of all an Event of the Fees set forth in Section 2.20Default, Section 2.21 and Section 2.22, (iv) which written notice shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined provided by the Administrative Agent to the Debtors, counsel to the Debtors, counsel to any statutory committee(s) appointed in the Cases, and the Co-Lead Arrangers in their exclusive discretion) Office of the secured creditors United States Trustee for the District of any Delaware, and which written notice shall be filed with the Bankruptcy Court by counsel to the Administrative Agent, for the automatic termination of the Loan Parties under automatic stay (but solely with respect to the Pre-Petition transactions contemplated by the Credit AgreementDocuments), with a full waiver by the Borrower and the Guarantors of all rights to contest such termination except with respect to the existence of an Event of Default, and (viiiv) if the Interim Order is the subject of a pending appeal in any respecthaving such other findings, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any orders and relief typical for financings of the Loan Parties of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appealtype contemplated by this Agreement.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Xerium Technologies Inc)

Interim Order. Not later than five (5) days following At the Filing Datetime of the making of the initial Loans or at the time of the issuance of the initial Letters of Credit, whichever first occurs, the Administrative Agent and the Lenders shall have received a certified copy of each the Interim Order approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, which Interim Order (i) shall have been entered entered, no later than 5 days following the Filing Date, upon an application or motion of the applicable Loan Parties, Borrower reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and Initial Lenders, on such prior notice to such parties (including the Existing Lenders) as may in each case be reasonably satisfactory to the Administrative Agent and upon consent or non-objection of a preponderance of the Co-Lead Arrangersfinancial institutions, as determined by the Initial Lenders, that are parties to the Existing Agreement, (ii) shall authorize extensions of credit in amounts not in excess of an amount to be set forth in the Interim Order, which shall be satisfactory to the Administrative Agent and Initial Lenders, until the Co-Lead Arrangersentry of the Final Order hereinafter referred to, (iii) shall approve the payment by the Loan Parties Borrower of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.222.19, (iv) shall be in full force and effect, (v) shall have authorized the use by the Borrower and the Guarantors of any cash collateral in which any Existing Lender under the Existing Agreement may have an interest and shall have provided, as adequate protection for the use of such cash collateral and the priming contemplated by Section 2.23 and (vi) shall not have been stayed, reversed, modified or amended in any respect without the prior written consent of the Administrative Agent and the Co-Lead ArrangersInitial Lenders; and, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan Loans nor the issuance of such Letter of Credit nor the performance by the Borrower or any of the Loan Parties Guarantors of any of their respective obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Acterna Corp)

Interim Order. Not At the time of the making of the initial Extension of Credit, and in any event no later than five (5) ten days following after the Filing Petition Date, the Administrative Agent and the Lenders shall have received a certified copy of each the Interim Order approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.23 and 2.24 and finding that the CCAA DIP Lenders’ Charge, Lenders are extending credit to the Borrower in good faith within the case meaning of Section 364(e) of the Initial OrderBankruptcy Code, which Interim Order shall (i) shall have been entered upon an application or motion of the applicable Loan Parties, in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead Arrangers, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead Arrangers, (iii) shall approve the payment by the Loan Parties of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.22, (iv) shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance majority (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretionAgent) of the secured creditors lending institutions party to the Prepetition Credit Facility and on such prior notice to such parties (including without limitation, the Prepetition Secured Parties) as may be reasonably satisfactory to the Administrative Agent, (ii) be in form and substance reasonably satisfactory to the Agents, (iii) authorize extensions of any credit in amounts not in excess of $95,000,000 (iv) authorize the use of cash collateral under the Prepetition Credit Facility and provide for adequate protection in favor of the Loan Prepetition Secured Parties under as set forth in Section 2.23(c), (v) contain customary provisions regarding challenges to the Pre-Petition Credit Agreementprepetition claims and liens of the Prepetition Secured Parties, Section 506(c) of the Bankruptcy Code and other matters, (vi) approve the payment by the Borrower of all Fees, (vii) approve repayment in full of the Prepetition Receivables Facility, (viii) be in full force and effect and (ix) not have been stayed, reversed, vacated, rescinded, modified or amended in any respect and, if the Interim Order is the subject of a pending appeal in any respect, neither none of the making of such Loan nor Extension of Credit, the issuance grant of such Letter of Credit nor Liens and Superpriority Claims pursuant to Sections 2.23 or 2.24 or the performance by any of the Loan Parties of any of their respective obligations hereunder or under the other Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Superior Telecom Inc)

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