Common use of Bankruptcy Approval of Plan and Disclosure Statement Clause in Contracts

Bankruptcy Approval of Plan and Disclosure Statement. The Disclosure Statement shall have been approved by the Bankruptcy Court, which Disclosure Statement, and the Order approving it, shall be in form and substance reasonably acceptable to Requisite Investors. The Plan confirmed by the Bankruptcy Court in the Confirmation Order (the “Confirmed Plan”) and any amendments, supplements, changes and modifications thereto shall, in each case, meet the requirements set forth in the definition of the Plan in Section 1.1. The Confirmation Order and the Orders entered by the Bankruptcy Court for any amendments, supplements, changes or modifications to the Confirmed Plan shall be in form and substance reasonably acceptable to Requisite Investors; provided, that Requisite Investors shall have the same approval rights over any amendments, supplements, changes or modifications to the Confirmed Plan that Requisite Investors have with respect to the Plan as set forth in the definition of the Plan in Section 1.1. The Orders entered by the Bankruptcy Court referred to above approving the Disclosure Statement and any amendments, supplements, changes and modifications to the Confirmed Plan shall, in each case, have become Final Orders.

Appears in 4 contracts

Samples: Equity Commitment Agreement (Goldman Sachs Group Inc), Equity Commitment Agreement (Ubs Ag), Equity Commitment Agreement (Citadel Securities LLC)

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Bankruptcy Approval of Plan and Disclosure Statement. The Disclosure Statement shall have been approved by the Bankruptcy Court and the Plan Solicitation Order shall have been entered into by the Bankruptcy Court, which Disclosure Statement, and the Plan Solicitation Order approving it, shall be in form and substance reasonably acceptable satisfactory to Requisite Investors. The Plan confirmed by the Bankruptcy Court in the Confirmation Order (the “Confirmed Plan”) and any amendments, supplements, changes and modifications thereto shall, in each case, meet the requirements set forth in the definition of the Plan in Section 1.1. The Confirmation Order and the Orders entered by the Bankruptcy Court for any amendments, supplements, changes or modifications to the Confirmed Plan shall be in form and substance reasonably acceptable satisfactory to Requisite Investors; provided, that Requisite Investors shall have the same approval rights over any amendments, supplements, changes or modifications to the Confirmed Plan that Requisite Investors have with respect to the Plan as set forth in the definition of the Plan in Section 1.1. The Orders entered by the Bankruptcy Court referred to above approving the Disclosure Statement and the Confirmed Plan and any amendments, supplements, changes and modifications to the Confirmed Plan shall, in each case, have become Final Orders.

Appears in 2 contracts

Samples: Backstop Conversion Commitment Agreement (Global Geophysical Services Inc), Backstop Conversion Commitment Agreement

Bankruptcy Approval of Plan and Disclosure Statement. The Disclosure Statement shall have been approved by the Bankruptcy Court and the Plan Solicitation Order shall have been entered into by the Bankruptcy Court, which Disclosure Statement, and the Plan Solicitation Order approving it, shall be in form and substance reasonably acceptable satisfactory to Requisite Investors. The Plan confirmed by the Bankruptcy Court in the Confirmation Order (the “Confirmed Plan”) and any amendments, supplements, changes and modifications thereto shall, in each case, meet the requirements set forth in the definition of the Plan in Section ‎Section 1.1. The Confirmation Order and the Orders entered by the Bankruptcy Court for any amendments, supplements, changes or modifications to the Confirmed Plan shall be in form and substance reasonably acceptable satisfactory to Requisite Investors; provided, that Requisite Investors shall have the same approval rights over any amendments, supplements, changes or modifications to the Confirmed Plan that Requisite Investors have with respect to the Plan as set forth in the definition of the Plan in Section ‎Section 1.1. The Orders entered by the Bankruptcy Court referred to above approving the Disclosure Statement and the Confirmed Plan and any amendments, supplements, changes and modifications to the Confirmed Plan shall, in each case, have become Final Orders.

Appears in 1 contract

Samples: Backstop Conversion Commitment Agreement (Global Geophysical Services Inc)

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Bankruptcy Approval of Plan and Disclosure Statement. The Disclosure Statement shall have been approved by the Bankruptcy Court and the Plan Solicitation Order shall have been entered into by the Bankruptcy Court, which Disclosure Statement, and the Plan Solicitation Order approving it, shall be in form and substance reasonably acceptable satisfactory to Requisite InvestorsInvestors and the Committee. The Plan confirmed by the Bankruptcy Court in the Confirmation Order (the “Confirmed Plan”) and any amendments, supplements, changes and modifications thereto shall, in each case, meet the requirements set forth in the definition of the Plan in Section 1.1. The Confirmation Order and the Orders entered by the Bankruptcy Court for any amendments, supplements, changes or modifications to the Confirmed Plan shall be in form and substance reasonably acceptable satisfactory to Requisite InvestorsInvestors and the Committee; provided, that Requisite Investors shall have the same approval rights over any amendments, supplements, changes or modifications to the Confirmed Plan that Requisite Investors have with respect to the Plan as set forth in the definition of the Plan in Section 1.1; provided, further, that the consent of the Committee shall only be required under this Section 8.1(b) where such documents, or amendments, modifications, supplements or changes to such documents, Order, briefs, pleadings or motions (a) are inconsistent with the terms set forth in the Plan Term Sheet and (b) materially and adversely impact the rights of the holders of Trade Claims or Financial Claims. The Orders entered by the Bankruptcy Court referred to above approving the Disclosure Statement and the Confirmed Plan and any amendments, supplements, changes and modifications to the Confirmed Plan shall, in each case, have become Final Orders.

Appears in 1 contract

Samples: Backstop Conversion Commitment Agreement (Global Geophysical Services Inc)

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