Common use of Milestone Extension Clause in Contracts

Milestone Extension. Upon payment by the Company Parties of the Extension Fee (as defined in the Backstop Agreement), the Milestones in Sections 8.01(a) and 8.01(b) (Confirmation Order and Plan Effective Date) shall be deemed extended by 60 days.

Appears in 2 contracts

Samples: Restructuring Support Agreement (Valaris PLC), Restructuring Support Agreement

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Milestone Extension. Upon payment by the Company Parties of the Extension Fee (as defined in the Backstop Agreement), the Milestones in Sections 8.01(a8.01(d) and 8.01(bthrough 8.01(f) (Disclosure Statement Order, Confirmation Order Order, and Plan Effective Date) shall be deemed extended by 60 days.

Appears in 2 contracts

Samples: Joinder Agreement (Valaris PLC), Restructuring Support Agreement

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