Support for the Chapter 11 Plan Sample Clauses

Support for the Chapter 11 Plan. (a) Accuride agrees and covenants that (i) in connection with the commencement of the Chapter 11 Cases, it shall (A) use commercially reasonable efforts to file the Chapter 11 Plan prior to the applicable termination date set forth in Section 6(b), (B) use commercially reasonable efforts to seek approval of the Disclosure Statement by the Bankruptcy Court, (C) upon Bankruptcy Court approval of the Disclosure Statement, use commercially reasonable efforts to solicit acceptance of the Chapter 11 Plan, and (D) take all other commercially reasonably necessary actions to support and obtain confirmation of the Chapter 11 Plan, (ii) it shall use commercially reasonable efforts to obtain an order from the Bankruptcy Court granting adequate protection to the Lenders in the form of, among other things, replacement liens, superpriority claims, and continuing monthly and other payment by Accuride of the interest and fees in respect of the Senior Secured Obligations, and the fees and expenses of Xxxxxxxx Xxxxx and White & Case LLP, as the respective financial and legal advisors to the Administrative Agent, and such foreign counsel and local counsel as the Administrative Agent has retained or shall retain, and such other fees and expenses as set forth in the various Restructuring Support Documents, in each case, as provided in the draft interim order approving the DIP Financing (defined below) and use of cash collateral (substantially and in all material respects in the form attached hereto as Exhibit B, the “Interim DIP Order”), which has been approved by the Administrative Agent, GE Capital, Xxxxx Xxxxx and Fifth Third (together, the “Steering Committee”), and (iii) the terms of any financial restructuring or recapitalization of Accuride and/or any of its subsidiaries, as set forth in any document executed by Accuride in connection with the Restructuring, shall be consistent with the terms set forth in the Restructuring Support Documents; in each case (i), (ii), and (iii) so long as this Agreement has not been validly terminated in accordance with Sections 6 or 7 hereof. (b) Each of the Supporting Lenders agrees and covenants (severally and not jointly) that it shall (i) following receipt of the Disclosure Statement and other solicitation materials approved by the Bankruptcy Court, exercise all votes to which it is entitled with respect to its respective Senior Secured Obligations to accept the Chapter 11 Plan in the Chapter 11 Cases and, if any, each separately ballo...
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Related to Support for the Chapter 11 Plan

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