Negative Commitments. Except as set forth in Section 8, during the Agreement Effective Period, each of the Company Parties shall not directly or indirectly: (a) object to, delay, impede, or take any other action to interfere with acceptance, implementation, or consummation of the Restructuring Transactions; (b) take any action that is inconsistent with, or is intended to frustrate or impede approval, implementation and consummation of, the Restructuring Transactions described in this Agreement or the Term Sheet; (c) modify the Plan, in whole or in part, in a manner that is inconsistent with this Agreement or the Term Sheet; or (d) file any motion, pleading, or Definitive Documents with the Bankruptcy Court or any other court (including any modifications or amendments thereof) that, in whole or in part, is not consistent with this Agreement or the Term Sheet unless such motion, pleading or Definitive Document is otherwise reasonably acceptable to Required First Lien Lenders.
Appears in 2 contracts
Sources: Restructuring Support Agreement (Foresight Energy LP), Restructuring Support Agreement (Foresight Energy LP)
Negative Commitments. Except as set forth in Section 87, during the Agreement Effective Period, each of the Company Parties shall not directly or indirectly:
(a) object to, delay, impede, or take any other action to interfere with acceptance, implementation, or consummation of the Restructuring Transactions;
(b) take any action that is inconsistent with, or is intended to frustrate or impede approval, implementation and consummation of, of the Restructuring Transactions described in in, this Agreement or and the Term SheetDefinitive Documents;
(c) modify the Plan, in whole or in part, in a manner that is inconsistent not consistent with this Agreement or and the Term SheetDefinitive Documents; or
(d) file any motion, pleading, or other Definitive Documents with the Bankruptcy Court or any other court (including any modifications or amendments thereof) that, in whole or in part, is not materially consistent with this Agreement or and the Term Sheet unless such motion, pleading or Definitive Document is otherwise reasonably acceptable to Required First Lien LendersDocuments.
Appears in 1 contract
Sources: Restructuring Support Agreement (Parker Drilling Co /De/)