Common use of Reorganization Plan Clause in Contracts

Reorganization Plan. Any Credit Party shall file, or consent to, support or encourage in any manner a filing by any other Person, with the Bankruptcy Court a reorganization plan in respect of any member of the Transit Group that does not provide for payment in full in cash of the Obligations on the effective date thereof without the prior written consent of the Majority Lenders and that is not otherwise reasonably satisfactory to the Administrative Agent; or

Appears in 3 contracts

Samples: Railworks Corp, Railworks Corp, Railworks Corp

AutoNDA by SimpleDocs

Reorganization Plan. Any Credit Party shall file, or consent to, encourage, support or encourage in any manner assist a filing by any other Person, with the Bankruptcy Court a reorganization plan in respect of any member of the Transit TP&S Group that does not provide for payment in full in cash of the Revolving Obligations on the effective date thereof without the prior written consent of the Majority Lenders and that is not otherwise reasonably satisfactory to the Administrative Agent; or

Appears in 2 contracts

Samples: Possession Financing Agreement (Railworks Corp), Possession Financing Agreement (Railworks Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.