Common use of The Approval Order Clause in Contracts

The Approval Order. On the date of the making of any Loan or the issuance of any Letter of Credit, the Approval Order shall have been entered and shall not have been reversed, stayed, vacated or, without the Administrative Agent’s consent, amended, supplemented or modified. Upon the maturity (whether by the acceleration or otherwise) of any of the Obligations of the Borrower and the Guarantor hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.01, be entitled to immediate payment of such obligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court.

The Approval Order. On the date of the making of any Loan or Swing Line Loan or the issuance of any Letter of Credit, the Approval Order shall have been entered and shall not have been reversedamended, stayed, vacated or, without or rescinded except as approved by the Administrative Agent’s consent, amended, supplemented or modifiedin its sole discretion. Upon the maturity (whether by the acceleration or otherwise) of any of the Obligations obligations of the Borrower and the Guarantor Borrowers hereunder and under the other Loan Documents, the Lenders shall, subject to the provisions of Section 7.01, be entitled to immediate payment of such obligations, and to enforce the remedies provided for hereunder, without further application to or order by the Bankruptcy Court.