Common use of Entry of Sale Procedure Order Clause in Contracts

Entry of Sale Procedure Order. After entry of any Sale Procedure Order by the Bankruptcy Court, (x) such Sale Procedure Order is modified, amended, stayed, vacated, or reversed as a whole or in part without the Lender’s prior written consent, or (y) any procedure, deadline or provision in the Sale Procedure Order is modified, waived or not enforced by the Borrowers without the Lender’s prior written consent.

Appears in 3 contracts

Samples: Secured Debtor in Possession Loan Agreement, Secured Debtor in Possession Loan Agreement (Distributed Energy Systems Corp), Secured Debtor in Possession Loan Agreement (Distributed Energy Systems Corp)

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Entry of Sale Procedure Order. After entry of any The Bankruptcy Court shall have entered the Sale Procedure Order. Such Sale Procedure Order by the Bankruptcy Court, (x) such Sale Procedure Order is shall be in full force and effect and shall not have been modified, amended, stayed, vacated, or reversed as a whole or in part without the Lender’s prior written consent, or (y) any consent and no procedure, deadline or provision in the Sale Procedure Order is shall have been modified, waived or not enforced by the Borrowers without the Lender’s prior written consent.

Appears in 3 contracts

Samples: Secured Debtor in Possession Loan Agreement, Secured Debtor in Possession Loan Agreement (Distributed Energy Systems Corp), Secured Debtor in Possession Loan Agreement (Distributed Energy Systems Corp)

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