Common use of The Orders Clause in Contracts

The Orders. On the date of the making of the initial Loans or the issuance of the initial Letters of Credit hereunder, whichever first occurs, the Interim Order will have been entered and will not have been stayed, amended, vacated, reversed or rescinded except as approved by the Administrative Agent, in its exclusive discretion in writing. On the date of the making of any Loan or the issuance of any Letter of Credit, the Interim Order (or the Final Order, as applicable), shall have been entered and shall not have been amended, stayed, vacated or rescinded except as approved in writing by the Administrative Agent, in its exclusive discretion. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations of the Loan Parties hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.1 and the Orders, be entitled to immediate payment of such obligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court or the Canadian Court.

Appears in 4 contracts

Samples: Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp)

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The Orders. On the date of the making of the initial Loans or the issuance of the initial Letters of Credit hereunder, whichever first occurs, the Interim Order will have been entered and will not have been stayed, amended, vacated, reversed or rescinded except as approved by the Administrative Agent, in its exclusive discretion in writingdiscretion. On the date of the making of any Loan or the issuance of any Letter of Credit, the Interim Order (or Order, the Final Order and the Amendment Order, as applicable)the case may be, shall have been entered and shall not have been amended, stayed, vacated or rescinded except as approved in writing by the Administrative Agent, in its exclusive discretion. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations of the Loan Parties Borrowers hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.1 and the Orders7.1, be entitled to immediate payment of such obligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court or the Canadian Court.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Interstate Bakeries Corp/De/), Revolving Credit Agreement (Interstate Bakeries Corp/De/)

The Orders. On the date of the making of the initial Term Loans or the issuance of the initial Letters of Credit hereunder, whichever first occurs, the Interim Order will have been entered and will not have been stayed, amended, vacated, reversed or rescinded except as approved in writing by the Administrative Agent, in its exclusive discretion in writingsole discretion. On the date of the making of any Loan or the issuance of any Letter of Credit, the Interim Order (or the Final Order, as when applicable), ) shall have been entered and shall not have been amended, stayed, vacated or rescinded except as approved in writing by the Administrative Agent, in its exclusive sole discretion. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations of the Loan Parties hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.1 7.02 and the Orders, be entitled to immediate payment of such obligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court or the Canadian Court.

Appears in 1 contract

Samples: Pledge Agreement (Great Atlantic & Pacific Tea Co Inc)

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The Orders. On the date of the making of the initial Loans ---------- or the issuance of the initial Letters of Credit hereunder, whichever first occurs, the Interim Order will have been entered and will not have been stayed, amended, vacated, reversed or rescinded except as approved by the Administrative Agent, in its exclusive discretion in writingsole discretion. On the date of the making of any Loan or the issuance of any Letter of Credit, the Interim Order (or the Final Order, as applicable)the case may be, shall have been entered and shall not have been amended, stayed, vacated or rescinded except as approved in writing by the Administrative Agent, in its exclusive sole discretion. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations of the Loan Parties Borrowers hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.1 and the Orders------- 7.1, be entitled to immediate payment of such obligations, and to enforce the --- remedies provided for hereunder, without further application to or order by the Bankruptcy Court or the Canadian Court.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Federal Mogul Corp)

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