Sale Milestones. In connection with a Sale Transaction sufficient to repay the Obligations in full on or before September 30, 2018, the Loan Parties shall:
Sale Milestones. Borrower shall use commercially reasonable efforts to complete a marketing and sale process in accordance with the deadlines specified below, which deadlines in all cases may be extended by written agreement of Agent (collectively, the “Milestones”). Failure to meet any of the Milestones shall constitute a Forbearance Termination Event. The Milestones are as follows:
Sale Milestones. THE BORROWING Base shall include the Minimum Liquidity Reserve until each of the following conditions is satisfied, as determined by the Lender in its sole discretion (collectively, the "Sale Milestones"):
Sale Milestones. The Borrowers will meet the Sale Milestones.
Sale Milestones. 5.1 On or before June 25, 2009, the Bankruptcy Court shall hold a hearing to consider approval of the highest and best bid(s) for the sale of all or substantially all of the Debtors’ assets (the “Sale”) in accordance with the terms of the Bid Procedures Order (the “Sale Hearing”). At least five (5) days prior to the Sale Hearing, Emerisque or such other Successful Bidder shall deliver to Agent, for the benefit of itself and the other Lenders, a financing commitment satisfactory to Agent demonstrating, among other things, that Emerisque or such other Successful Bidder has the financial wherewithal to consummate the Sale.
Sale Milestones. (i) within thirty (30) calendar days of the Petition Date, prepare customary M&A marketing materials with respect to the Sale Transaction for distribution to potential purchasers and (ii) within seventy (70) days after the Petition Date, (A) deliver to the Administrative Agent and the Lenders indications of interest in respect of the Sale Transaction for sales in amounts, in the aggregate, sufficient to pay the Obligations and the Prepetition Priority Payment Obligations in full (any such Sale Transaction, a “Conforming Asset Sale”) and (B) file with the Bankruptcy Court a motion seeking approval of bidding procedures and setting a date for an auction with respect to the Sale Transaction within one hundred twenty (120) calendar days of the Petition Date (or such later date as agreed by the holders of more than fifty percent (50%) of all Revolving Commitments held by holders of Prepetition Priority Payment Obligations in their reasonable discretion); provided that notwithstanding the foregoing or anything to the contrary in this Agreement or any other Loan Document, the Administrative Agent may in its reasonable discretion extend any deadline set forth in this clause (b) to a date not later than, in the case of any such deadline, fifteen (15) days following the applicable deadline as in effect on the Closing Date. SUPERPRIORITY SECURED DEBTOR-IN-POSSESSION CREDIT AGREEMENT LSC COMMUNICATIONS, INC. Table of Contents
Sale Milestones. Notwithstanding anything to the contrary contained in Amendment No. 8, not later than July 31, 2009, (a) the Emerisque Sale Closing Date shall occur and (b) Borrowers shall remit to the Agent Payment Account on the Emerisque Sale Closing Date all of the proceeds of such Sale.
Sale Milestones. (i) By five (5) days after the Sale/Refinancing Process Start Date, the Credit Parties shall have retained an investment banker acceptable to the Required Lenders pursuant to an engagement letter on terms customary for transactions of this type and otherwise acceptable to the Required Lenders (the “Investment Banker”).
Sale Milestones. The Borrower and its Subsidiaries shall comply with and achieve the Sale Milestones.
Sale Milestones. Borrowers will timely perform and deliver each of the items set forth on Schedule 5.16 attached hereto (each a “Sale Milestone”) on or before the dates specified therein (provided that any milestone deadline occurring on a day that is not a Business Day will automatically be extended to the following Business Day), or by such later date as agreed by the Borrower and Agent.
