Certain Case Milestones Sample Clauses
The 'Certain Case Milestones' clause defines specific events or deadlines that must be met during the progression of a case or project. These milestones might include dates for filing documents, completing discovery, or reaching settlement discussions, and they serve as checkpoints to ensure the case moves forward in a timely manner. By establishing clear benchmarks, this clause helps manage expectations, track progress, and prevent unnecessary delays in the legal process.
Certain Case Milestones. Each Obligor shall ensure that each of the milestones set forth below (the “Milestones”) is achieved in accordance with the applicable timing referred to below (or such later dates as approved in writing by the Required Lenders):
(a) the Petition Date shall occur no later than August 9, 2023;
(b) the Bankruptcy Court shall enter the Interim Order no later than three (3) Business Days following the Petition Date;
(c) the Bankruptcy Court shall enter the Final Order no later than thirty-six (36) calendar days following the Petition Date; and
(d) no later than thirty-five (35) calendar days following the Petition Date (the “Plan Support Deadline”), the Debtors shall have executed a plan support agreement (the “Plan Support Agreement”) by and among the Debtors, the Administrative Agent, the Lenders, the Foris Prepetition Secured Lenders, and such other party- or parties-in-interest determined by the Administrative Agent, the Required Lenders, and the Foris Prepetition Secured Lenders, in their sole and absolute discretion, to be necessary and sufficient for the Administrative Agent, the Lenders and the Foris Prepetition Secured Lenders to support a Chapter 11 Plan (collectively, the “Plan Support Persons”), with such Plan Support Agreement being acceptable to the Administrative Agent and the Foris Prepetition Secured Lenders in their sole discretion (the “Plan Support Agreement Milestone”); provided that (x) the Debtors shall not file a motion to sell any Amyris Assets on or prior to the Plan Support Deadline and (y) (A) if the Plan Support Agreement Milestone Date occurs on or prior to the Plan Support Deadline, the Plan Support Agreement shall include, and the Obligors shall achieve, each of the following Milestones:
(i) no later than fourteen (14) calendar days following the Plan Support Agreement Milestone Date, the Debtors shall file with the Bankruptcy Court a Chapter 11 Plan, a Disclosure Statement (each consistent with the Plan Support Agreement and in form and substance acceptable to the Administrative Agent), and a motion to approve the Plan, the Disclosure Statement and the related solicitation materials, dates and deadlines (the “Plan Filing Deadline”);
(ii) no later than thirty-seven (37) calendar days following the Plan Filing Deadline (the “Disclosure Statement Hearing Order Deadline”), the Bankruptcy Court shall enter an order approving the Disclosure Statement, which order shall provide that the date upon which votes to accept or reject the Ch...
Certain Case Milestones. (i) [Reserved.]
(ii) On or prior to April 8, 2013, deliver to the Agent drafts of an Acceptable Reorganization Plan and a Disclosure Statement.
(iii) On or prior to April 30, 2013, file with the Bankruptcy Court an Acceptable Reorganization Plan and a Disclosure Statement, and at all times thereafter diligently pursue the receipt of orders of the Bankruptcy Court approving such Disclosure Statement and confirming such Acceptable Reorganization Plan.
Certain Case Milestones. Each Loan Party shall ensure that each of the milestones set forth on Schedule 5.18 herein (the “Milestones”) is achieved in accordance with the applicable timing referred to therein (or such later dates as approved in writing by the Required Lenders).
Certain Case Milestones. (i) On or prior to June 30, 2012, file a motion with the Bankruptcy Court to approve bid procedures relating to a sale of all or substantially all of the Digital Imaging Patent Portfolio, which bid procedures shall contemplate a time frame that is reasonably satisfactory to the Agent (such procedures, the “Bid Procedures”), and at all times thereafter diligently pursue the receipt of an order of the Bankruptcy Court approving the Bid Procedures.
(ii) On or prior to January 15, 2013, deliver to the Agent drafts of an Acceptable Reorganization Plan and a disclosure statement with respect thereto.
(iii) On or prior to February 15, 2013, file with the Bankruptcy Court an Acceptable Reorganization Plan and a disclosure statement with respect thereto, and at all times thereafter diligently pursue the receipt of orders of the Bankruptcy Court approving such disclosure statement and confirming such Acceptable Reorganization Plan.
Certain Case Milestones. Each of the Credit Parties shall ensure that each of the milestones set forth below (the “Milestones”) is achieved in accordance with the applicable timing referred to below (or such later dates as may be approved in writing by the Requisite Lenders in their sole discretion):
(a) no later than May 24, 2023, the Petition Date shall have occurred;
(b) no later than the day after the Petition Date, the Credit Parties shall commence solicitation of votes on the Chapter 11 Plan;
(c) no later than one (1) day from the Petition Date, the Chapter 11 Plan and disclosure statement shall have been filed in the Cases;
(d) no later than three (3) days from the Petition Date, the Interim DIP Order shall have been entered;
(e) no later than three (3) days from the Petition Date, the Disclosure Statement Order shall have been entered on an interim basis;
(f) no later than thirty (30) days from the Petition Date, the Final DIP Order shall have been entered on a final basis;
(g) no later than forty-five (45) days from the Petition Date, the Bankruptcy Court shall have entered the Acceptable Confirmation Order;
(h) no later than forty-five (45) days from the Petition Date, the Bankruptcy Court shall have entered the Disclosure Statement Order on a final basis; and
(i) no later than sixty-five (65) days from the Petition Date, the Plan Effective Date shall have occurred
Certain Case Milestones. Each Loan Party shall ensure that each of the milestones set forth below (the “Milestones”) is achieved in accordance with the applicable timing referred to below (or such later dates as approved in writing by the Required Lenders):
(a) No later than June 15, 2022, the Petition Date shall occur and the Cases shall have been filed;
(b) Not later than June 16, 2022, the Loan Parties shall have filed a motion seeking approval of the Loan Documents and entry of the Orders, in form and substance satisfactory to the Required Lenders in all respects;
(c) Not later than June 17, 2022, the Bankruptcy Court shall enter the Interim Order;
(d) Not later than July 22, 2022, the Bankruptcy Court shall have entered the Final Order;
(e) Not later November 1, 2022, the Debtors shall have entered into an Acceptable Restructuring Support Agreement;
(f) Not later than November 30, 2022, the Debtors shall have filed an Acceptable Plan of Reorganization, together with a proposed Acceptable Disclosure Statement;
(g) Not later than April 1, 2023, the Bankruptcy Court shall have entered an Acceptable Confirmation Order; and
(h) no later than the April 15, 2023, the Plan Effective Date with respect to an Acceptable Plan of Reorganization shall have occurred.
Certain Case Milestones. (a) Not later than 365 days following the Petition Date, the Loan Parties and the NewPage Debtors shall file with the Bankruptcy Court an Acceptable Plan of Reorganization and a disclosure statement reasonably satisfactory to the Administrative Agent and the Required Lenders with respect thereto.
(b) Not later than the date that is 426 days following the Petition Date, the Bankruptcy Court shall enter an order approving a disclosure statement reasonably satisfactory to the Administrative Agent and the Required Lenders with respect to an Acceptable Plan of Reorganization.
(c) Not later than the date that is 517 days following the Petition Date, the Bankruptcy Court shall enter an order confirming an Acceptable Plan of Reorganization.
(d) Not later than the date that is 532 days following the Petition Date, such Acceptable Plan of Reorganization shall become effective.
Certain Case Milestones. The Borrower will cause the Reorganization Milestones to be satisfied; provided, that the parties hereto shall work in good faith to extend the Reorganization Milestones to the extent necessary to accommodate the Bankruptcy Court.
Certain Case Milestones. The Borrower shall, and shall cause each Restricted Subsidiary to, complete each milestone related to the Cases set forth on Schedule 7.19.
Certain Case Milestones. Each Loan Party shall ensure that each of the milestones set forth below (the “Milestones”) is achieved in accordance with the applicable timing referred to below (or such later dates as approved in writing by the Required Lenders, which approval may be provided via electronic mail):
a. no later than 5 days after the Petition Date, the Debtors shall have obtained entry of the Interim DIP Order;
b. no later than 25 days after the Petition Date, the Debtors shall have obtained entry of the Final DIP Order;
c. no later than 55 days after the Petition Date, the deadline by which bids for the sale of equity of the Debtors shall have occurred;
d. no later than 60 days after the Petition Date, the Delayed Draw Condition set forth in Section 4.02(m) shall have been tested;
e. no later than 85 days after the Petition Date, the Bankruptcy Court shall have entered the Acceptable Confirmation Order and consummated the transactions contemplated by the Chapter 11 Plan; and
f. no later than 90 days after the Petition Date, the Plan Effective Date shall have occurred.