Unstayed Order definition
Unstayed Order means an order of the Bankruptcy Court or any court with jurisdiction, or findings and conclusions relating to an order of the Bankruptcy Court or any court with jurisdiction, as to which, at the applicable time: (a) no stay pursuant to Bankruptcy Rules 7062 or 8005, or any other applicable rule or statutory provision is in effect, and (b) there shall be no pending appeal by the United States Department of Treasury.
Examples of Unstayed Order in a sentence
The Plan Modification Order as entered on July 30, 2009 shall be an Unstayed Order.
The Plan Modification Order shall have been entered in form and substance satisfactory to GM, the DIP Agent and the Company Buyer and shall include, among others, the terms set forth on Schedule 10.1.1, and shall be an Unstayed Order.