Common use of The Orders Clause in Contracts

The Orders. On the date of the making of the initial Loans hereunder, the Interim Order will have been entered and will not have been stayed, amended (without the Agent's prior written consent, which consent shall be in its sole discretion), vacated, reversed or rescinded. On the date of the making of any Loan, 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or the Final Order, as the case may be, shall have been entered and shall not have been amended, stayed, vacated or rescinded without the Agent's consent (acting with the consent of, or at the direction of, the Required Lenders). Upon the maturity (whether by the acceleration or otherwise) of any of the Obligations of the Borrower and the Guarantor hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.01, be entitled to immediate payment of such obligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court.

Appears in 2 contracts

Samples: And Guaranty Agreement (Tower Automotive Inc), Tower Automotive Inc

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The Orders. On the date of the making of the initial Loans Loan or the extension of the initial Letter of Credit hereunder, the Interim Order will have has been entered by the Bankruptcy Court and will has not have been stayed, amended (without the Agent's prior written consent, which consent shall be in its sole discretion)amended, vacated, reversed or rescindedrescinded without the Administrative Agent’s consent (acting with the consent of, or at the direction of, the Required Lenders). On the date of the making of any LoanLoan and the date of the extension of each Letter of Credit, the Interim Order or the Final Order, as the case may be, shall have been entered by the Bankruptcy Court and shall not have been amended, stayed, vacated or rescinded without the Administrative Agent's ’s consent (acting with the consent of, or at the direction of, the Required Lenders). Upon the maturity (whether by the acceleration or otherwise) of any of the Obligations of the Borrower and the Guarantor hereunder and under the other Loan DocumentsTermination Date, the Lenders shall, subject to the provisions of Section 7.01Article 7 and the Orders, be entitled to immediate payment of such obligationsObligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement

The Orders. On the date of the making of the initial Loans hereunder, the Interim Order will have been entered and will not have been stayed, amended (without the Agent's ’s prior written consent, which consent shall be in its sole discretion), vacated, reversed or rescinded. On the date of the making of any Loan, 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 Agent's ’s consent (acting with the consent of, or at the direction of, the Required Lenders). Upon the maturity (whether by the acceleration or otherwise) of any of the Obligations of the Borrower and the Guarantor hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.01, be entitled to immediate payment of such obligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court.

Appears in 1 contract

Samples: Loan and Guaranty Agreement

The Orders. On the date of the making of the initial Loans hereunder or the issuance of the initial Letters of Credit hereunder, the Interim Order will have been entered and will not have been reversed, stayed, amended (vacated or, without the Agent's prior written Agents’ consent, which consent shall be in its sole discretion)amended, vacated, reversed supplemented or rescindedmodified. On the date of the making of any LoanLoan or the issuance of any Letter of Credit, the Interim Order or the Final Order, as the case may be, shall have been entered and shall not have been amendedreversed, stayed, vacated or rescinded or, without the Administrative Agent's consent (acting with the consent of’s consent, amended, supplemented or at the direction of, the Required Lenders)modified. Upon the maturity (whether by the acceleration or otherwise) of any of the Obligations of the Borrower and the Guarantor hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.01, be entitled to immediate payment of such obligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Delphi Corp)

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The Orders. On the date of the making of the initial Loans hereunder or the issuance of the initial Letters of Credit hereunder, the Interim Order will have been entered and will not have been reversed, stayed, amended (vacated or, without the Agent's prior written Agents' consent, which consent shall be in its sole discretion)amended, vacated, reversed supplemented or rescindedmodified. On the date of the making of any LoanLoan or the issuance of any Letter of Credit, the Interim Order or the Final Order, as the case may be, shall have been entered and shall not have been amendedreversed, stayed, vacated or rescinded or, without the Administrative Agent's consent (acting with the consent ofconsent, amended, supplemented or at the direction of, the Required Lenders)modified. Upon the maturity (whether by the acceleration or otherwise) of any of the Obligations of the Borrower and the Guarantor hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.01, be entitled to immediate payment of such obligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court.

Appears in 1 contract

Samples: Delphi Corp

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