Common use of PLAN TIMETABLE Clause in Contracts

PLAN TIMETABLE. PSC and its Affiliates will use their best efforts to achieve the following Plan Timetable: PSC and its Affiliates in the United States and Canada will commence, in a venue mutually agreeable to PSC and the Required Lenders, voluntary insolvency proceedings in the United States and Canada (the "Cases"), including the filing of the Plan not later than June 30, 1999. The Disclosure Statement shall be approved by the US and Canadian courts presiding over the Cases (the "Bankruptcy Courts") not later than August 31, 1999. The Bankruptcy Courts shall confirm the Plan not later than October 31, 1999. Plan Implementation shall occur not later than November 30, 1999 (the "Plan Implementation Date").