Conditions Precedent to Plan Effectiveness Sample Clauses

Conditions Precedent to Plan Effectiveness. The conditions precedent to effectiveness of the Plan shall include: (a) the Bankruptcy Court shall have entered the confirmation order, which order shall contain authorization for the releases and injunctions contemplated herein, and will otherwise be in form and substance reasonably satisfactory to the Debtor and the Consenting Holders, and such confirmation order shall have become a final order; (b) all actions, documents, and agreements necessary to implement the Plan, including, without limitation, all actions, documents, and agreements necessary to implement the Restructuring Transaction, shall have been effected or executed; (c) the Final Cash Collateral Order and the Financing Order, as applicable, shall be in full force and effect immediately prior to the Effective Date, shall not have been terminated and there shall be no ongoing event of default (other than defaults for which the parties entitled to exercise remedies have not done so within a reasonable amount of time); (d) the Plan Support Agreement shall be in full force and effect, all payments required thereunder shall be paid in cash as required by the terms thereof, the Plan Support Agreement shall not have been terminated and there shall be no ongoing event of default thereunder (other than defaults for which the parties entitled to exercise remedies have not done so within a reasonable amount of time); (e) the stockholders’ agreement, the investor rights agreement, and the new warrant agreement shall have been executed as contemplated by this Plan; (f) the new pledge and security agreement and the exit credit agreement shall have been executed and all conditions to the effectiveness thereof (including, but not limited to, the execution and/or delivery of such other agreements, documents and instruments as are required to be executed and/or delivered as a condition precedent to the effectiveness thereof) shall have been satisfied or waived by the exit lenders and/or exit agent, in accordance with the terms thereof; and (g) the Debtor shall have received all authorizations, consents, regulatory approvals, rulings, letters, no-action letters, opinions, or documents necessary to implement the Plan and that are required by law, regulation, or order. Annex A DIP Term Sheet [see attached] SUMMARY OF TERMS $10,000,000 Secured Super Priority Debtor-in-Possession Credit Facility Molecular Insight Pharmaceuticals, Inc. February 28, 2011 THIS TERM SHEET IS PART OF THE COMMITMENT LETTER, DATED FEBRUA...
Sample 1
AutoNDA by SimpleDocs

Related to Conditions Precedent to Plan Effectiveness

  • Conditions Precedent to Effectiveness This Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied:

  • Conditions Precedent to Effective Date This Agreement shall become effective on the date (such date, the “Effective Date”) when each of the following conditions is satisfied (or waived) in accordance with the terms herein:

  • Conditions Precedent to Effectiveness of Agreement Each of the following is a condition precedent to the effectiveness of this Agreement:

  • Conditions Precedent to Effectiveness of this Agreement This Agreement shall become effective on and as of the date hereof (the “Effective Date”), provided that the following conditions precedent have been satisfied on such date:

  • Conditions Precedent to Effectiveness of this Amendment This Amendment shall not become effective until all of the following conditions precedent shall have been satisfied in the sole discretion of Agent or waived by Agent:

  • CONDITIONS PRECEDENT TO MERGER 5.01 Conditions Precedent to Obligations of Parent, Sub and the Company. The respective obligations of Parent and Sub, on the one hand, and the Company, on the other hand, to effect the Merger are subject to the satisfaction or waiver (subject to applicable law) at or prior to the Effective Time of each of the following conditions:

  • Conditions to Effectiveness This Amendment shall become effective as of the date hereof and upon the satisfaction of the following conditions precedent:

  • Conditions Precedent to Effectiveness of Amendment The effectiveness of this Amendment is subject to and contingent upon the fulfillment of each and every one of the following conditions:

  • Conditions Precedent to Amendment The satisfaction of each of the following shall constitute conditions precedent to the effectiveness of this Amendment and each and every provision hereof:

  • Conditions Precedent/Effectiveness Conditions This Amendment shall be effective upon (the “Effective Date”) the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel):

Time is Money Join Law Insider Premium to draft better contracts faster.