Common use of The Orders Clause in Contracts

The Orders. On the date of the making of the initial ---------- Loans or the issuance of the initial Letters of Credit hereunder, whichever first occurs, the Interim Order will have been entered and will not have been stayed, amended, vacated, reversed or rescinded. On the date of the making of any Loan 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Final Order, as the case may be, shall have been entered and shall not have been amended, stayed, vacated, reversed or rescinded. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations of the Borrower and the Guarantors hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.1, 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: Credit and Guaranty Agreement (Bethlehem Steel Corp /De/), Credit and Guaranty Agreement (Bethlehem Steel Corp /De/)

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The Orders. On the date of the making of the initial ---------- Loans or the issuance of the initial Letters of Credit hereunder, whichever first occurs, the Interim Order will have been entered and will not have been stayed, amended, vacated, reversed reversed, modified or rescinded. On the date of the making of any Loan 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case may be, shall have been entered and shall not have been amended, stayed, vacated, reversed reversed, modified or rescinded. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations of the Borrower and the Guarantors hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.17.01, 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: Credit and Guaranty Agreement (Thermadyne Holdings Corp /De)

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The Orders. On the date of the making of the initial ---------- Loans or the issuance of the initial Letters of Credit hereunder, whichever first occurs, the Interim Order will have been entered and will not have been stayed, amended, vacated, reversed or rescinded. On the date of the making of any subsequent Loan or the subsequent issuance of any other Letter of Credit, the Interim Order or the Final Order, as the case may be, shall have been entered and shall not have been amended, stayed, vacated, reversed vacated or rescinded. Upon the maturity (whether by the acceleration or otherwise) of any of the obligations Obligations of the Borrower and the Guarantors or any Guarantor hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.1SECTION 11.2, 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: Loan and Security Agreement (Fruit of the Loom LTD)

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