Plans of Reorganization. No Second Priority Secured Party shall support or vote in favor of any plan of reorganization (and each shall be deemed to have voted to reject any plan of reorganization) unless such plan (a) pays off, in cash in full, all First Priority Obligations or (b) is accepted by the class of holders of First Priority Obligations voting thereon.
Appears in 2 contracts
Samples: Intercreditor Agreement (Commercial Vehicle Group, Inc.), Intercreditor Agreement (Momentive Performance Materials Inc.)
Plans of Reorganization. No Second Priority Secured Party shall propose, support or vote in favor of any plan of reorganization (and each shall be deemed to have voted to reject any plan of reorganization) unless such plan (a) pays off, in cash in full, all First Priority Obligations or (b) is accepted by the class of holders of First Priority Obligations voting thereonthereon and is supported by the First Priority Creditor.
Appears in 2 contracts
Samples: Intercreditor Agreement (Insite Vision Inc), Intercreditor Agreement (Insite Vision Inc)
Plans of Reorganization. No Second Priority Secured Party shall support or vote in favor of any plan of reorganization (and each shall be deemed to have voted to reject any plan of reorganization) unless such plan (a) pays off, in cash in full, all First Priority Obligations (other than Unasserted First Priority Contingent Obligations) or (b) is accepted by the class of holders of First Priority Obligations voting thereonthereon and is supported by the First Priority Representative.
Appears in 1 contract
Samples: Intercreditor Agreement (Dura Automotive Systems Inc)
Plans of Reorganization. No Second Priority Secured Party shall support or vote in favor of any plan of or reorganization (and each shall be deemed to have voted to reject any plan of reorganization) unless such plan Plan (a) pays off, in cash in full, all First Priority Obligations or (b) is accepted by the class of holders of First Priority Obligations voting thereonthereon and is supported by the First Priority Representative.
Appears in 1 contract
Plans of Reorganization. No Second Third Priority Secured Party shall support or vote in favor of any plan of reorganization (and each shall be deemed to have voted to reject any plan of reorganization) unless such plan (a) pays off, in cash in full, all First Second Priority Obligations or (b) is accepted by the class of holders of First Second Priority Obligations voting thereonthereon and is supported by the Second Priority Representative.
Appears in 1 contract
Samples: Intercreditor Agreement (Commercial Vehicle Group, Inc.)
Plans of Reorganization. No The Second Priority Secured Party shall not support or vote in favor of any plan of reorganization (and each shall be deemed to have voted to reject any plan of reorganization) unless such plan (a) pays off, in cash in full, all First Priority Obligations or (b) is accepted by the class of holders of First Priority Obligations voting thereonthereon and is supported by the First Priority Agent.
Appears in 1 contract
Plans of Reorganization. No Second Priority Secured Party shall shall, with respect to the Second Priority Obligations, support or vote in favor of any plan of reorganization (and each shall be deemed to have voted to reject any plan of reorganization) unless such plan (a) pays off, in cash in full, all First Priority Obligations on the effective date of such plan or (b) is accepted by the class of holders of First Priority Obligations voting thereonthereon and is supported by the First Priority Representative.
Appears in 1 contract
Plans of Reorganization. No Second Priority Secured Party shall support or vote in favor of any plan of reorganization (and each shall be deemed to have voted to reject any plan of reorganization) unless such plan (a) pays off, in cash in full, all First Priority Obligations or (b) is accepted by the class of holders of First Priority Obligations voting thereonthereon and is supported by the First Priority Representative.
Appears in 1 contract
Plans of Reorganization. No Second Priority Secured Party shall support or vote in favor of any plan of reorganization (and each shall be deemed to have voted to reject any plan of reorganization) unless such plan (a) pays off, in cash in full, all First Priority Lien Obligations or (b) is accepted by the class of holders of First Priority Lien Obligations voting thereonthereon under Section 1126 of the Bankruptcy Code.
Appears in 1 contract
Plans of Reorganization. No Second Priority Secured Party shall support or vote in favor of any plan of reorganization (and each shall be deemed to have voted to reject any plan of reorganization) unless such plan (a) pays off, in cash in full, all First Priority Obligations (or distributions thereunder are otherwise consistent in all respects with this Agreement) or (b) is accepted by the class of holders of First Priority Obligations voting thereonthereon in accordance with Section 1126(c) of the Bankruptcy Code.
Appears in 1 contract
