Common use of Negative Commitments Clause in Contracts

Negative Commitments. Except as set forth in Section 6.03, during the Agreement Effective Period, each of the Company Parties shall not directly or indirectly: (a) object to, delay, impede, or take any other action to interfere with acceptance, implementation, or consummation of the Restructuring Transactions; (b) take any action that is inconsistent in any material respect with, or is intended to frustrate or impede approval, implementation and consummation of the Restructuring Transactions described in, this Agreement or the Plan; (c) modify the Plan, in whole or in part, in a manner that is inconsistent with this Agreement without the consent of the Required Consenting Stakeholders; or (d) file any motion, pleading, or Definitive Documents with the Bankruptcy Court or any other court (including any modifications or amendments thereof) that, in whole or in part, is not consistent with this Agreement or the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (Oasis Petroleum Inc.)

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Negative Commitments. Except as set forth in Section 6.038, during the Agreement Effective Period, each of the Company Parties shall not directly or indirectly: (a) object to, delay, impede, or take any other action to interfere with acceptance, implementation, or consummation of the Restructuring Transactions; (b) take any action that is inconsistent in any material respect with, or is intended to frustrate or impede approval, implementation and consummation of the Restructuring Transactions described in, this Agreement or the Plan; (c) modify the Plan, in whole or in part, in a manner that is inconsistent not consistent with this Agreement without the consent of the Required Consenting Stakeholdersin all material respects; or (d) file any motion, pleading, or Definitive Documents with the Bankruptcy Court or any other court (including any modifications or amendments thereof) that, in whole or in part, is not materially consistent with this Agreement (including the consent rights of the Consenting Creditors set forth herein as to the form and substance of such motion, pleading or Definitive Document) or the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (Whiting Petroleum Corp)

Negative Commitments. Except as set forth in Section 6.03‎Section 9, during the Agreement Effective Period, each of the Company Parties shall not directly or indirectly: (a) object to, delay, impede, or take any other action to interfere with acceptance, implementation, or consummation of the Restructuring Transactions; (b) take any action that is inconsistent in any material respect with, or is intended to frustrate or impede approval, implementation and consummation of the Restructuring Transactions described in, this Agreement or the Plan; (c) modify the Plan, in whole or in part, in a manner that is inconsistent not consistent with this Agreement without Agreement; (d) object to, delay, impede, or take any action to interfere with or that is inconsistent with, or is intended or could reasonably be expected to interfere with, delay, or impede, the consent approval, consummation or implementation of the Required Consenting StakeholdersUniti Transactions or the Restructuring Transactions; or (de) file any motion, pleading, or Definitive Documents with the Bankruptcy Court or any other court (including any modifications or amendments thereof) that, in whole or in part, is not materially consistent with this Agreement or the Plan.

Appears in 1 contract

Samples: Chapter 11 Plan Support Agreement (Uniti Group Inc.)

Negative Commitments. Except as set forth in Section 6.039, during the Agreement Effective Period, each of the Company Parties shall not directly or indirectly: : (a) object to, delay, impede, or take any other action to interfere with acceptance, implementation, or consummation of the Restructuring Transactions; ; (b) take any action that is inconsistent in any material respect with, or is intended to frustrate or impede approval, implementation and consummation of the Restructuring Transactions described in, this Agreement or the Plan; ; (c) modify the Plan, in whole or in part, in a manner that is inconsistent with this Agreement without the consent of the Required Consenting Stakeholders; or (d) file any motion, pleading, or Definitive Documents with the Bankruptcy Court or any other court (including any modifications or amendments thereof) that, in whole or in part, is not consistent with this Agreement Agreement; (d) object to, delay, impede, or take any action to interfere with or that is inconsistent with, or is intended or could reasonably be expected to interfere with, delay, or impede, the approval, consummation or implementation of the Uniti Transactions or the Plan.Restructuring Transactions; or 18

Appears in 1 contract

Samples: Chapter 11 Plan Support Agreement (Windstream Services, LLC)

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Negative Commitments. Except as set forth in Section 6.038, during the Agreement Effective Period, each of the Company Parties Debtors and Non-Debtors shall not directly or indirectly: (a) object to, delay, impede, or take any other action to interfere with acceptance, implementation, or consummation of the Restructuring Transactions; (b) take any action that is inconsistent in any material respect with, or is intended to frustrate or impede approval, implementation and consummation of the Restructuring Transactions described in, this Agreement or the Plan; (c) modify the Plan, in whole or in part, in a manner that is inconsistent not consistent with this Agreement without the consent of the Required Consenting Stakeholdersin all material respects; or (d) file any motion, pleading, or Definitive Documents with the Bankruptcy Court or any other court (including any modifications or amendments thereof) that, in whole or in part, is not materially consistent with this Agreement or the Plan.

Appears in 1 contract

Samples: Restructuring Support Agreement (WESTMORELAND COAL Co)

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