Negative Commitments. Except as set forth in Section 6.7, from the date of this Agreement until the Closing Date, the Company shall not (and shall cause the other Company Parties not to) directly or indirectly: (i) object to, delay, impede, or take any other action to interfere with acceptance, implementation, or consummation of the Restructuring Transactions; (ii) 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 and the Definitive Documents; (iii) modify the Plan, in whole or in part, in a manner that is not consistent with this Agreement and the Definitive Documents; or (iv) 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 and the Definitive Documents.
Appears in 2 contracts
Sources: Backstop Commitment Agreement (Parker Drilling Co /De/), Backstop Commitment Agreement
Negative Commitments. Except as set forth in Section 6.7, from the date of this the Original Agreement until the Closing Date, the Company shall not (and shall cause the other Company Parties not to) directly or indirectly:
(i) object to, delay, impede, or take any other action to interfere with acceptance, implementation, or consummation of the Restructuring Transactions;; 48
(ii) 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 and the Definitive Documents;
(iii) modify the Plan, in whole or in part, in a manner that is not consistent with this Agreement and the Definitive Documents; or
(iv) 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 and the Definitive Documents.
Appears in 1 contract
Sources: Backstop Commitment Agreement (Parker Drilling Co /De/)
Negative Commitments. Except as set forth in Section 6.78, from during the date Agreement Effective Period, each of this Agreement until the Closing Date, the Company Parties shall not (and shall cause the other Company Parties not to) directly or indirectly:
(ia) object to, delay, impede, or take any other action to interfere with acceptance, implementation, or consummation of the Restructuring TransactionsRestructuring;
(iib) take any action that is inconsistent in any material respect with, or is intended to frustrate or impede approval, implementation and consummation of the Restructuring Transactions described in, this Agreement and or the Definitive Documents;
(iiic) modify the Plan, in whole or in part, in a manner that is not consistent with this Agreement and the Definitive Documentsin all material respects; or
(ivd) 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 and or the Definitive DocumentsPlan.
Appears in 1 contract
Sources: Restructuring Support Agreement (J C Penney Co Inc)