Conditions to Confirmation and Effectiveness. The conditions to confirmation of the Plan and the conditions to the Effective Date set forth in the Plan shall have been satisfied (or waived) in accordance with the Plan, and the Effective Date shall have occurred or shall occur simultaneously with the Closing.
Conditions to Confirmation and Effectiveness. The Chapter 11 Plan shall contain and be subject to usual and customary conditions to confirmation and effectiveness (as applicable), as well as such other conditions that are reasonably satisfactory to the Debtors and the Plan Sponsor, including the following: • The satisfaction or waiver in accordance with the Stock Purchase Agreement of all conditions to closing of the Stock Purchase Agreement. • The Bankruptcy Court shall have entered a Disclosure Statement Order in form and substance reasonably acceptable to the Debtors and the Plan Sponsor. • Except as provided in the immediately succeeding bullet, the Chapter 11 Plan and all documents contained in any Plan Supplement, including any exhibits, schedules, amendments, modifications or supplements thereto, and all other Restructuring Documents shall have been negotiated, executed, delivered and filed with the Bankruptcy Court in substantially final form and in form and substance reasonably acceptable to the Debtors and Plan Sponsor. • With respect to the Restructuring Implementation Agreement, (i) the RIA Order shall have been entered by the Bankruptcy Court and be a Final Order, (ii) all necessary Foreign Court Approvals shall have been obtained and remain in full force and effect, and (iii) the Restructuring Implementation Agreement shall not have been terminated and shall be in full force and effect. • With respect to the Plan Sponsorship Agreement, (i) the PSA Order shall have been entered by the Bankruptcy Court and be a Final Order, and (ii) the Plan Sponsorship Agreement shall not have been terminated and shall be in full force and effect (unless the Plan Sponsorship Agreement has been terminated because, pursuant to the Bidding Procedures Order, another bidder has superseded the Purchaser as the Plan Sponsor). • The Bankruptcy Court shall have entered a Confirmation Order in form and substance reasonably acceptable to the Debtors and the Plan Sponsor and the Confirmation Order shall be a Final Order. • The Debtors and Plan Sponsor shall have obtained all authorizations, consents, regulatory approvals, rulings, waivers or other documents that are necessary to implement and Term Sheet Annex 1 [Additional Definitions]
