Common use of Negotiation of Documents Clause in Contracts

Negotiation of Documents. (a) The Parties shall cooperate with each other and shall coordinate their activities (to the extent practicable) in respect of (i) the timely satisfaction of conditions with respect to the effectiveness of the Recapitalization Transaction and the Plan, (ii) all matters concerning the implementation of the Recapitalization Transaction and the Plan, and (iii) the pursuit and support of the Recapitalization Transaction and the Plan. Furthermore, subject to the terms hereof, each of the Parties shall take such actions as may be reasonably necessary to carry out the purposes and intent of this Support Agreement, including making and filing any required regulatory filings, in all cases at the Companies’ expense. (b) Each Party hereby covenants and agrees (i) to cooperate and negotiate in good faith, and consistent with this Support Agreement, the definitive documents implementing, achieving and relating to the Recapitalization Transaction and the Plan, all ancillary documents relating thereto, and any orders of the Court relating thereto, and (ii) to the extent it is a party thereto, to execute, deliver and perform its obligations under such documents. (c) The Parties agree that the existing shareholder rights plan of PNCC shall, following the Effective Date and the implementation of the Recapitalization Transaction, remain in place subject to such amendments as may be required by the Majority Supporting Second Lien Noteholders, acting reasonably, which amendments (if any) shall be acceptable to the Companies, acting reasonably.

Negotiation of Documents. (a) The Parties Company, the Subsidiaries and the Consenting Noteholders shall cooperate with each other and shall coordinate their activities (to the extent practicable) in respect of (i) the timely satisfaction of conditions with respect to the effectiveness of the Recapitalization Transaction Plan and the PlanTransaction, (ii) all matters concerning the implementation of the Recapitalization Transaction Plan and the Plan, Transaction and (iii) the pursuit and support of the Recapitalization Transaction Plan and the PlanTransaction. Furthermore, subject to the terms hereof, each of the Parties Company, the Subsidiaries and the Consenting Noteholders shall take such actions action as may be reasonably necessary to carry out the purposes and intent of this Support Agreement, including making and filing any required regulatory filingsfilings (provided that the Company shall reimburse the Consenting Noteholders for any expense, liability or other obligation incurred in all cases at the Companies’ expenseconnection therewith). (b) Each Party of the Company, the Subsidiaries and the Consenting Noteholders hereby covenants and agrees (i) to cooperate and use its commercially reasonable best efforts to negotiate in good faith, and consistent with this Support Agreement, the definitive documents implementing, achieving and relating to the Recapitalization Transaction and Transaction, including, without limitation, the Plan, all ancillary documents relating thereto, and any orders the draft order of the Court relating theretoapproving or sanctioning the Plan, and (ii) to execute (to the extent it is they are a party thereto, to execute, deliver ) and perform its obligations under otherwise support such documents. (c) The Parties agree that the existing shareholder rights plan of PNCC shall, following the Effective Date and the implementation of the Recapitalization Transaction, remain in place subject to such amendments as may be required by the Majority Supporting Second Lien Noteholders, acting reasonably, which amendments (if any) shall be acceptable to the Companies, acting reasonably.