Common use of Adequate Protection Undertakings Clause in Contracts

Adequate Protection Undertakings. (a) Each Company Party party thereto agrees to comply with all the terms, conditions and obligations set forth in the Brava Credit Agreement, Accounts Agreements and the other Financing Documents, except as otherwise expressly set forth herein or in section 4.01(c) of the Plan Support Agreement. (b) Each Filing Entity agrees to refrain from (i) entering into any new financing arrangement outside of the ordinary course of business, for itself or its direct or indirect subsidiaries, and (ii) using the Cash Collateral other than as set forth in Section 2.01 (c), in each case, without the express written consent of the Required Consenting Lenders. (c) Each Company Party undertakes not to contest any Liens or Collateral (as defined in the Brava Credit Agreement) within or outside of the Brazilian RJ Proceeding, including with respect to any waiver of rights set forth in this Agreement. (d) In the context of the Brazilian RJ Proceeding, each Company Party undertakes not to contest that all the amounts due under the Brava and A/L Credit Agreements are fully secured claims.

Appears in 2 contracts

Samples: Backstop Commitment Agreement, Plan Support and Lock Up Agreement

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Adequate Protection Undertakings. (a) Each Company Party party thereto agrees to comply with all the terms, conditions and obligations set forth in the Brava Credit Agreement, Accounts Agreements and the other Financing Documents, except as otherwise expressly set forth herein or in section 4.01(c) of the Plan Support Agreement. (b) Each Filing Entity agrees to refrain from (i) entering into any new financing arrangement outside of the ordinary course of business, for itself or its direct or indirect subsidiaries, and (ii) using the Cash Collateral other than as set forth in in Section 2.01 (c2.01(c), in each case, without the express written consent of the Required Consenting Lenders. (c) Each Company Party undertakes not to contest any Liens or Collateral (as defined in the Brava Credit Agreement) within or outside of the Brazilian RJ Proceeding, including with respect to any waiver of rights set forth in this Agreement. (d) In the context of the Brazilian RJ Proceeding, each Company Party undertakes not to contest that all the amounts due under the Brava and A/L Credit Agreements are fully secured claims.

Appears in 1 contract

Samples: Plan Support and Lock Up Agreement

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Adequate Protection Undertakings. (a) Each Company Party party thereto agrees to comply with all the terms, conditions and obligations set forth in the Brava A/L Credit Agreement, Accounts Agreements and the other Financing Documents, except as otherwise expressly set forth herein or in section 4.01(c) of the Plan Support Agreement. (b) Each Filing Entity agrees to refrain from (i) entering into any new financing arrangement outside of the ordinary course of business, for itself or its direct or indirect subsidiaries, and (ii) using the Cash Collateral other than as set forth in in Section 2.01 (c2.01(c), in each case, without the express written consent of the Required Consenting Lenders. (c) Each Company Party undertakes not to contest any Liens or Collateral (as defined in the Brava A/L Credit Agreement) within or outside of the Brazilian RJ Proceeding, including with respect to any waiver of rights set forth in this Agreement. (d) In the context of the Brazilian RJ Proceeding, each Company Party undertakes not to contest that all the amounts due under the Brava and A/L Credit Agreements are fully secured claims.

Appears in 1 contract

Samples: Plan Support and Lock Up Agreement

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