Conditions Precedent and Implementation Sample Clauses
Conditions Precedent and Implementation. The implementation of the Agreement in Principle remains subject to the completion of several conditions precedent and in particular to:
(i) the finalization of the required contractual documentation, including a termsheet and a lock-up agreement,
(ii) the initiation of an expedited safeguard proceeding by the Nanterre Commercial Court,
(iii) the drafting and execution of an agreement with the Company’s secured bank creditors under tranches A, B and C to adjust the existing contractual documentation, as well as the obtaining new financings,
(iv) the approval by the Autorité des marchés financiers of the prospectuses relating to the proposed capital increases,
(v) the Groupement obtaining a definitive waiver from the obligation to submit a public bid on the ORPEA’s shares as a result of the financial restructuring,
(vi) obtaining the necessary regulatory approvals, if any, and
(vii) the approval of the safeguard plan by the Nanterre Commercial Court.
Conditions Precedent and Implementation. Conditions precedent of the type as set forth in the Existing Credit Agreement, with such additions and modifications to provide for the transactions contemplated by these Term Sheets, including without limitation (a) to take into account the Second Lien Term Loan Facility and (b) the conditions set forth in “Closing Conditions and Implementation” in the Transaction Term Sheet.
Conditions Precedent and Implementation