Common use of Relief Essential; Best Interest Clause in Contracts

Relief Essential; Best Interest. The relief requested in the Motion (and provided in this Interim Order) is necessary, essential and appropriate for the continued operation of the Debtors’ businesses and the management and preservation of the Debtors’ assets and property. It is in the best interest of the Debtors’ estates that the Debtors be allowed to enter into the DIP Facility, incur the DIP Obligations and use the Cash Collateral as contemplated herein.

Appears in 3 contracts

Samples: Convertible Notes Commitment Agreement (Accuride Corp), Restructuring Support Agreement (Accuride Corp), Restructuring Support Agreement (Accuride Corp)

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Relief Essential; Best Interest. The relief requested in the DIP Motion (and as provided in the Interim Order and in this Interim Final Order) is necessary, essential essential, and appropriate for the continued operation of the Debtors’ businesses business and the management and preservation of the Debtors’ assets and personal property. It is in the best interest of the Debtors’ estates that the Debtors be allowed to enter into establish the DIP Facility, incur Facility contemplated by the DIP Obligations and use the Cash Collateral as contemplated hereinCredit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp)

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Relief Essential; Best Interest. The relief requested in the Motion (and provided in this Interim Order) is necessary, essential essential, and appropriate for the continued operation of the Debtors’ Debtor’s businesses and the management and preservation of the Debtors’ Debtor’s assets and property. It is in the best interest of the Debtors’ estates Debtor’s estate that the Debtors Debtor be allowed to enter into the Parent Guarantee, Consent, and the DIP Facility, Intercompany Facility and incur the DIP Obligations and use the Cash Collateral as contemplated hereinObligations.

Appears in 1 contract

Samples: Senior Secured Debtor in Possession Credit Agreement (Gulfmark Offshore Inc)

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