Approval Order Clause Samples

An Approval Order clause establishes the requirement that certain actions, decisions, or deliverables must receive formal approval from a designated party before proceeding. In practice, this clause may specify which documents, project milestones, or expenditures are subject to approval, and outline the process or timeline for obtaining such consent. Its core function is to ensure oversight and control, preventing unauthorized actions and maintaining quality or compliance standards throughout the course of an agreement or project.
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Approval Order. The Bankruptcy Court shall have entered an order approving this Agreement and the Administrative Claims as described in Section 2.11 (the “Approval Order”), which Approval Order (i) shall authorize extensions of credit in the amount of $650,000,000, (ii) shall authorize the payment by the Borrower of all fees and expenses provided for herein, (iii) shall be in form and substance acceptable to GM and (iv) shall have become final and non-appealable.
Approval Order. The Bankruptcy Court shall have entered the Approval Order and such Order shall be a Final Order.
Approval Order. The Approval Order shall have been entered by the Bankruptcy Court.
Approval Order. The Approval Order shall be in full force and effect and shall not have been stayed, reversed, modified or amended in any respect that the Agents reasonably determine to be adverse to the interests of the Agents and the Lenders without the prior written consent of the Administrative Agent and the Required Lenders, and if the Approval Order is the subject of a pending appeal in any respect, neither the making of the Loans nor the issuance of any Letter of Credit nor the performance by the Borrower or any Guarantor of any of their respective obligations under any of the Loan Documents shall be the subject of a presently effective stay pending appeal.
Approval Order. The Approval Order shall have become a Final Approval Order.
Approval Order. The Approval Order shall have been entered by the Bankruptcy Court in form and substance Reasonably Satisfactory to the Backstop Purchasers, and the Approval Order shall be a Final Order.
Approval Order. Seller shall obtain the entry by the Bankruptcy Court of a final, non-appealable order (the “Approval Order”) in form and substance reasonably satisfactory to Buyer and its counsel and Seller and its counsel which shall, among other things, (a) determine that (i) this Agreement was entered into by Buyer (or the successful bidder at the Auction) and Seller in good faith and represents the highest and best offer for the Purchased Assets and should be approved, and (ii) Buyer (or the successful bidder at the Auction) is a good faith purchaser under Section 363(m) of the Bankruptcy Code and that the provisions of Section 363(n) of the Bankruptcy Code have not been violated; (b) authorize and direct Seller to sell the Purchased Assets to Buyer (or the successful bidder at the Auction) pursuant to this Agreement and Sections 363 of the Bankruptcy Code, free and clear of all Liabilities and Encumbrances (including any and all “interests” in the Purchased Assets within the meaning of Section 363(f) of the Bankruptcy Code); (c) authorize and direct Seller to execute, deliver, perform under, consummate and implement, the documents necessary to carry out the Transactions contemplated hereby, together with all additional instruments and documents that may be reasonably necessary or desirable to implement the foregoing; (d) provide that Buyer (or the successful bidder at the Auction) will not assume or be liable for any Liabilities of Seller, other than those expressly assumed by Buyer (or the successful bidder at the Auction) pursuant to this Agreement; (e) permanently enjoin each and every holder of a Liability or claim against Seller, other than those expressly assumed by Buyer (or the successful bidder at the Auction) pursuant to this Agreement, from commencing, continuing or otherwise pursuing or enforcing any remedy, claim or cause of action against Buyer (or the successful bidder at the Auction) relative to such Liability; (f) contain such other provisions as may be necessary or reasonably desirable or appropriate to give effect to the documents necessary to carry out the Transactions contemplated hereby; and (g) contain a provision to terminate the 10 day stay otherwise provided for in Rule 6004(g) of the Federal Rules of Bankruptcy Procedure. Buyer reserves the right to waive the requirement of 7.3(h).
Approval Order. The Bankruptcy Court shall have entered the Approval Order, and the Approval Order shall be in full force and effect and shall not have been stayed, vacated or modified.
Approval Order. The order issued by the United States District Court for the Southern District of New York approving the transactions contemplated by this Agreement and the Settlement Agreement (the “Approval Order”) shall be in full force and effect.
Approval Order. An application to obtain an Approval Order of this settlement will be heard following the expiry of the Opt Out Period. The Approval Order submitted to the Court for approval will include provisions: (a) incorporating by reference this Agreement in its entirety including all Schedules and Appendices; (b) ordering and declaring that the Order is binding on all Class Members, including Persons Under Disability, unless they opt out or are deemed to have opted out on or before the expiry of the Opt Out Period; (c) ordering and declaring that on the expiry of the Opt Out Period all Class Members, unless they have opted out or are deemed to have opted out on or before the expiry of the Opt Out Period, have released the Releasees from any and all actions, including claims made under the Canadian Charter of Rights and Freedoms they have, may have had or in the future may acquire against the Releasees relating to or arising from gender and/or sexual orientation based discrimination, bullying and harassment while working in the RCMP during the Class Period; (d) ordering and declaring that on the expiry of the Opt Out Period all Class Members who have not opted out on or before the expiry of the Opt Out Period may not commence any proceedings seeking compensation or other relief arising from or in relation to gender and/or sexual orientation based discrimination, bullying and harassment while working in the RCMP during the Class Period; (e) ordering and declaring that the obligations assumed by Canada under this Agreement are in full and final satisfaction of all claims against the Releasees, including claims made under the Canadian Charter of Rights and Freedoms, relating to or arising from gender and/or sexual orientation based discrimination, bullying and harassment while working in the RCMP during the Class Period; (f) ordering and declaring that on the expiration of the Opt Out Period all Class Members who have not opted out may not commence any proceedings seeking compensation or other relief arising from or in relation to gender and/or sexual orientation based discrimination, bullying and harassment while working in the RCMP during the Class Period against any person who may in turn claim against the Defendant; (g) ordering and declaring that the Notice Plan in Schedule A to this Agreement is approved by the Court; (h) ordering the RCMP and Canada to release to the Assessor information and documents required by him or as otherwise required in the Agreement, in...