Recognition Orders definition
Examples of Recognition Orders in a sentence
All required Approval and Recognition Orders must be granted before the Settlement benefits become available to those who are eligible.
The Parties agree to request the Courts to dismiss the Actions with prejudice as against Honda in the Settlement Approval Orders and Recognition Orders.
By executing this Agreement, the Parties acknowledge that the Actions shall be dismissed pursuant to the terms of the Settlement Approval Orders and Recognition Orders, and all Released Claims shall thereby be conclusively settled, compromised, satisfied, and released as to the Releasees.
After the Closing Date, the Canadian Court shall have granted an order, in form and substance substantially the same as the Recognition Orders with such modifications as are acceptable to the Administrative Agent and the Lenders, recognizing the Final Order and such recognition order by the Canadian Court shall be in full force and effect and shall not have been vacated, reversed, modified, amended or stayed without the prior written consent of the Lenders (the “Final Recognition Order”).
Subject to entry of the UPA Consummation Approval Order, the Confirmation Order, and the corresponding Recognition Orders, no Takeover Statute is applicable to this Agreement, the Emergence Equity Purchase and the other transactions contemplated by this Agreement.
No financing statement, notice of lien, mortgage, deed of trust or similar instrument in any jurisdiction or filing office need be filed or any other action taken in order to validate and perfect the Liens and security interests granted by or pursuant to this Agreement, the Interim Order, the Recognition Orders, the Final Order or the Final Recognition Order.
Any amendments, modifications, changes or supplements to, any Plan-Related Documents, including any of the UPA Approval Order, Plan Solicitation Order, Confirmation Order, UPA Consummation Approval Order and any corresponding Recognition Orders, and any of the motions seeking entry of such Orders, shall, in each case, be in form and substance mutually satisfactory to the Requisite Plan Sponsors and the Company.
The Canadian Court shall have granted Recognition Orders with respect to the UPA Approval Order, and such Order shall be a Final Order.
The Recognition Orders shall also include terms and conditions customary for transactions of this type, as determined by the Administrative Agent in its sole discretion.
Subject to the entry of the Interim Order, the Recognition Orders, the Final Order and the Final Recognition Order, this Agreement is, and the other Loan Documents will be, when delivered hereunder, the legal, valid and binding obligation of each Loan Party party thereto, enforceable against such Loan Party in accordance with its terms.