PSA Order definition
Examples of PSA Order in a sentence
The Company expressly acknowledges that the Break-Up Fee is an actual and necessary cost and expense of preserving the estates under section 503 of the Bankruptcy Code and must therefore be allowed and paid as an administrative expense in the Bankruptcy Case, and the PSA Order shall so provide.
Transaction Milestones The Plan Support Agreement shall include dates by which certain events must occur, including, among other things, entry of the PSA Order, entry of an order approving the disclosure statement, entry of an order confirming the Plan of Reorganization and the occurrence of the Effective Date, which milestones shall be acceptable in all respects to the Plan Sponsors, the UCC and the Debtors, each in their sole discretion.
To the extent that any amounts remain due and owing pursuant to the Term Sheet, such amounts shall also be allowed and paid as administrative expenses in the Bankruptcy Case following entry of the PSA Order.
Following entry of the PSA Order, the Sponsor or the Sponsor’s legal advisor shall periodically invoice (with reasonable detail concerning hours, rates and description of work performed, subject to redaction to preserve attorney-client privilege) the Company for legal fees due and owing, and the Company shall tender payment of such amounts due and owing within fifteen (15) days of receipt of such invoice.
The corresponding PSA Order upon BluBØX will contain this information.
The PSA Order shall have been entered by the Bankruptcy Court and shall be a Final Order.
This Agreement shall become effective (A) with respect to the Consenting Parties and the Committee, on the date on which (i) ▇▇▇▇▇▇▇▇, (ii) Capital Group, (iii) AMT, and (iv) the Committee deliver to the other Parties duly executed counterpart signature pages to this Agreement (such date, the “PSA Effective Date”) and (B) with respect to the Company, on the date the PSA Order is entered.
Following entry of the PSA Order, the Sponsor or the Sponsor's legal advisor shall periodically invoice (with reasonable detail concerning hours, rates and description of work performed, subject to redaction to preserve attorney-client privilege) the Company for legal fees due and owing, and the Company shall tender payment of such amounts due and owing within fifteen (15) days of receipt of such invoice.