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occurs, the Interim Order will have been entered and will not have been stayed, amended, vacated, reversed, modified or rescinded. 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as the case may be, shall have been entered and shall not have been amended, stayed, vacated, reversed, modified or rescinded. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations of the Borrower and the Guarantors hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.01, 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.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Thermadyne Holdings Corp /De)

AutoNDA by SimpleDocs

The Orders. On the date of the making of the initial Loans or the issuance of the initial Letters Letter of Credit Guaranties hereunder, whichever first occurs, the Interim First Day Order will have been entered and will not have been stayed, amended, vacated, reversed, modified reversed or rescinded. On the date of the making of any subsequent Loan or the subsequent issuance of any other Letter of CreditCredit Guaranty, the First Day Order, the Interim Order or the Final Order, as the case may be, shall have been entered and shall not have been amended, stayed, vacated, reversed, modified vacated or rescinded. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations Obligations of the Borrower and the Guarantors Borrowers hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.017.02, be entitled to immediate payment of such obligationsObligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sun Healthcare Group Inc)

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will have been entered and will not have been stayed, amended, vacatedmodified, stayed, reversed, modified vacated or rescinded. 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 the case may be, shall have been entered and shall not have been amended, modified, stayed, vacated, reversed, modified vacated or rescinded. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations Obligations of the Borrower and the Guarantors hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.017.1, be entitled to immediate payment of such obligationsObligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court.

Appears in 1 contract

Samples: Revolving Credit Agreement (Payless Cashways Inc)

AutoNDA by SimpleDocs

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 Amendment Order will have been entered and will not have been stayed, amended, vacated, reversedreversed or rescinded except as approved by the Administrative Agent, modified or rescindedin its exclusive 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 the case may be, Orders shall have been entered and shall not have been amended, stayed, vacatedvacated or rescinded except as approved by the Administrative Agent, reversed, modified or rescindedin its exclusive discretion. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations of the Borrower and the Guarantors Borrowers hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.017.1, 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.

Appears in 1 contract

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

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