Common use of Additional Bankruptcy Matters Clause in Contracts

Additional Bankruptcy Matters. Without the Agent’s prior written consent (after reasonable consultation with the Required Term Lenders’ Advisors), do any of the following: (a) assert or prosecute any claim or cause of action against any of the Secured Parties (in their capacities as such); (b) subject to the terms of the Interim Financing Order and the Final Financing Order and subject to Section 9.1, object to, contest, delay, prevent or interfere with in any material manner the exercise of rights and remedies by the Agent or the Lenders with respect to the Collateral following the occurrence of an Event of Default (provided that any Loan Party may contest or dispute whether an Event of Default has occurred); or (c) except as expressly provided or permitted hereunder (including, without limitation, to the extent expressly identified in any line item in the Cash Budget or pursuant to any “first day” or “second day” orders complying with the terms of this Agreement) or, with the prior consent of the Agent, as provided pursuant to any other order by the Bankruptcy Court, make any payment or distribution to any non-Debtor Affiliate or insider of the Company outside of the ordinary course of business.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Exide Technologies)

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Additional Bankruptcy Matters. Without the Agent’s Required Lenders’ prior written consent (after reasonable consultation with the Required Term Lenders’ Advisors)consent, do any of the following: (a) assert or prosecute any claim or cause of action against any of the Secured Parties (in their capacities as such), unless such claim or cause of action is in connection with the enforcement of the Loan Documents against the Administrative Agent or the Lenders; (b) subject to the terms of the Interim Financing Order Orders and the Final Financing Order and subject to Section 9.18.01, object to, contest, delay, prevent or interfere with in any material manner the exercise of rights and remedies by the Administrative Agent or the Lenders with respect to the Collateral following the occurrence of an Event of Default (provided that any Loan Party may contest or dispute whether an Event of Default has occurred); or (c) except (i) as expressly provided or permitted hereunder (including, without limitation, including to the extent expressly identified in any line item in the Cash Budget or pursuant to any “first day” or “second day” orders complying with the terms of this Agreement), (ii) or, with the prior consent of the Agent, Required Lenders in their sole discretion or (iii) as provided pursuant to any other order by of the Bankruptcy CourtCourt reasonably acceptable to the Required Lenders, make any payment or distribution to any non-Debtor Affiliate or insider of the Company Borrower outside of the ordinary course of businessbusiness or any Prepetition Payment.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Basic Energy Services Inc)

Additional Bankruptcy Matters. Without the Administrative Agent’s prior written consent (after reasonable consultation with the Required Term Lenders’ Advisors)consent, do any of the following: (a) assert or prosecute any claim or cause of action against any of the Secured Parties (in their capacities as such), unless such claim or cause of action is in connection with the enforcement of the Loan Documents against any of the Agents, Lenders or Issuing Banks; (b) subject to the terms of the Interim Financing Order and the Final Financing Order Orders and subject to Section 9.18.01, object to, contest, delay, prevent or interfere with in any material manner the exercise of rights and remedies by the Agent Agents or the Lenders with respect to the Collateral following the occurrence of an Event of Default (provided that any Loan Party may contest or dispute whether an Event of Default has occurred); or (c) except as expressly provided or permitted hereunder (including, without limitation, to the extent expressly identified in any line item in the Cash Budget or pursuant to any “first day” or “second day” orders complying with the terms of this Agreement) or, with the prior consent of the Agent, as provided pursuant to any other order by the Approved Bankruptcy CourtCourt Order, make any payment or distribution to any non-Debtor Affiliate or insider of the Company outside of the ordinary course of business.

Appears in 1 contract

Samples: Superpriority Secured Debtor in Possession Credit Agreement (Verso Paper Holdings LLC)

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Additional Bankruptcy Matters. Without the Agent’s prior written consent (after reasonable consultation with the Required Term Lenders’ Advisors), do any of the following: (a) : assert or prosecute any claim or cause of action against any of the Secured Parties (in their capacities as such); (b) ; subject to the terms of the Interim Financing Order and the Final Financing Order and subject to Section 9.1, object to, contest, delay, prevent or interfere with in any material manner the exercise of rights and remedies by the Agent or the Lenders with respect to the Collateral following the occurrence of an Event of Default (provided that any Loan Party may contest or dispute whether an Event of Default has occurred); or (c) or except as expressly provided or permitted hereunder (including, without limitation, to the extent expressly identified in any line item in the Cash Budget or pursuant to any “first day” or “second day” orders complying with the terms of this Agreement) or, with the prior consent of the Agent, as provided pursuant to any other order by the Bankruptcy Court, make any payment or distribution to any non-Debtor Affiliate or insider of the Company outside of the ordinary course of business.

Appears in 1 contract

Samples: Dip Credit Agreement (Exide Technologies)

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