Adverse Orders definition

Adverse Orders. Solely with respect to the Facilities, any order is entered by the Bankruptcy Court sustaining any objection or challenge of any kind or nature to the validity, priority, or amount of the Liens with created pursuant to the Credit Documents in favor of or claims held by, or an action to recharacterize or subordinate any Agent or any Lender; then, and in any such event, and at any time thereafter, if any Event of Default shall then be continuing, the Administrative Agent shall, at the written request of the Required Lenders, by written notice to the Borrower, take any or all of the following actions (subject to the terms of the Orders), without prejudice to the rights of the Administrative Agent or any Lender to enforce its claims against the Borrower, except as otherwise specifically provided for in this Agreement: (i) declare the Revolving Credit Commitments terminated, whereupon the Revolving Credit Commitment, if any, of each Lender shall forthwith terminate immediately and any fees theretofore accrued shall forthwith become due and payable without any other notice of any kind; (ii) declare the principal of and any accrued interest and fees in respect of any or all Loans and any or all Obligations owing hereunder and under any other Credit Document to be, whereupon the same shall become, forthwith due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; (iii) terminate any Letter of Credit that may be terminated in accordance with its terms; (iv) direct the Collateral Agent to enforce any and all Liens and security interests created pursuant to the Security Documents and (v) enforce any and all of the Administrative Agent’s rights under the Guarantees. Notwithstanding anything to the contrary contained herein, any Event of Default under this Agreement or similarly defined term under any other Credit Document, other than any Event of Default which cannot be waived without the written consent of each Lender directly and adversely affected thereby, shall be deemed not to be “continuing” if the events, act or condition that gave rise to such Event of Default have been remedied or cured (including by payment, notice, taking of any action or omitting to take any action) or have ceased to exist and the Borrower is in compliance with this Agreement and/or such other Credit Document.
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Adverse Orders shall have the meaning set forth in Section 7.2.
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Examples of Adverse Orders in a sentence

  • Representations and Warranties With Respect to Seller 46 Section 18.1 Organization, Authority and Validity 46 Section 18.2 No Adverse Orders 46 Section 18.3 Solvency 46 Section 18.4 Proceedings 47 Section 18.5 ProjectCo Interests 47 Section 18.6 No Conflicts 47 Section 18.7 Third Party Consents 48 Section 18.8 Legal Compliance 48 Section 18.9 No Brokers 48 Section 18.10 Financial Resources 48 Section 18.11 Foreign Person 48 Article 19.

  • Adverse Orders...............................................................................................

  • There shall not be in effect any injunction, order or decree of a court of competent jurisdiction that prohibits or delays consummation of any material part of the Merger (collectively, "Adverse Orders").

  • Representations and Warranties With Respect to Seller 46 Section 18.1 Organization, Authority and Validity 46 Section 18.2 No Adverse Orders 47 Section 18.3 Solvency 47 Section 18.4 Proceedings 47 Section 18.5 ProjectCo Interests 47 Section 18.6 No Conflicts 48 Section 18.7 Third Party Consents 48 Section 18.8 Legal Compliance 48 Section 18.9 No Brokers 48 Section 18.10 Financial Resources 49 Section 18.11 Foreign Person 49 Article 19.

Related to Adverse Orders

  • Adverse system impact means a negative effect that compromises the safety or reliability of the electric distribution system or materially affects the quality of electric service provided by the electric distribution company (EDC) to other customers.

  • Change Orders mean changes or modifications to any Construction Contract or any other contract with labor or material suppliers.

  • Purchase Order(s) means official orders issued by an operating division of Transnet to the Supplier/Service Provider for the supply of Goods or Services;

  • Product Specifications means the specifications, features and/or terms of any "Contract" (as defined in the LME Rules) listed for trading on the LME, as described in the LME Rules;

  • Field Order means a written order issued by an authorized County official/employee to the Contractor during construction effecting a change in the Work by authorizing an addition, deletion, or revision in the Work within the general scope of the Work not involving an adjustment in the Contract Price or a change to the Contract Time or Term. No Field Order shall be valid or effective unless it is signed by the County employee(s) who has been authorized in writing by the Chief Executive Officer or his/her designee to execute Field Orders.