First Day Order definition
Examples of First Day Order in a sentence
In the event of any inconsistency between the terms or conditions of this Interim Order and the terms or conditions of any other order entered by this Court in the nature of a First Day Order, the provisions of this Interim Order shall govern and control.
On the Business Day immediately following the date hereof, each of the Debtors will File a motion seeking entry of the First Day Order and File the Bidding Procedures Motion and seek entry of the Bidding Procedures Order.
Each Borrower shall comply in a timely manner with its obligations and responsibilities as a debtor-in-possession under the Bankruptcy Code, the Bankruptcy Rules and any order of the Bankruptcy Court (including, for the avoidance of doubt, the DIP Financing Orders and any First Day Order or Second Day Order), as each such order is amended and in effect from time to time in accordance with the Loan Documents.
Such payments shall be made on the date of the First Day Order and thereafter on demand, promptly upon delivery of a statement setting forth such costs and expenses.
Make or permit to be made any change, amendment or modification, or any application or motion for any change, amendment or modification, to either the Interim Order or the Final Order or to any First Day Order without the prior written consent of the Required Lenders.
On the date of the making of the initial Loans or the issuance of the initial Letter of Credit Guaranties hereunder, whichever first occurs, the First Day Order will have been entered and will not have been stayed, amended, vacated, reversed or rescinded.
The Borrowers shall pay to Lenders' Agent, for allocation among the Agents and the Lenders (as separately agreed by them), a non-refundable fee (the "Final Order Fee") in the amount of $1,000,000; provided, however, that if the entry of the Final Order occurs in lieu of entry of the First Day Order, the Borrowers shall pay to Lenders' Agent a Final Order Fee in the amount of $2,250,000 (in lieu of the Fee payable under Section 2.23 and the Fee provided for above in this Section).
On the date of the making of the initial Loans or ---------- the issuance of the initial Letters of Credit hereunder, whichever first occurs, the First Day Order will have been entered and will not have been stayed, amended, vacated, reversed or rescinded (without the prior written consent of the Agent).
On the date of the making of any Loan or the issuance of any Letter of Credit, 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 or rescinded (without the prior written consent of the Agent).
The Credit Parties shall not have entered into, or made any payment in respect of, any critical vendor agreements or otherwise entered into any agreement to pay, or made on a post-petition basis any payment in respect of, any prepetition trade obligations except with the prior written consent of Administrative Agent pursuant to an order of the Bankruptcy Court (which order of the Bankruptcy Court may be a First Day Order or Second Day Order).