Hedging Order definition
Examples of Hedging Order in a sentence
The Administrative Agent shall have received a signed copy of the Interim Order and the Hedging Order which shall have been entered by the Bankruptcy Court on or before the third day after the Petition Date, and such Interim Order and Hedging Order shall not have been vacated, reversed, modified amended or stayed.
The Hedging Order shall be in full force and effect, the Debtors shall have used commercially reasonable efforts to implement an Acceptable Hedging Program, and the reorganized Debtors shall be able to maintain a similar program following the Effective Date under the terms of the Exit RBL Facility, Exit Term Loans, and any other financing arrangements entered into by the Debtors on the Effective Date.
On the Effective Date, the Reorganized Debtors shall enter into the Exit Facility, the terms of which will be set forth in the Exit Facility Documentation and consistent with the Restructuring Support Agreement and the Hedging Order; provided that the Debtors or the Reorganized Debtors, as applicable, determine that entry into the Exit Facility is in the best interests of the Reorganized Debtors and such determination is acceptable to the Required Consenting Stakeholders.
The Loan Parties hereby covenant, represent and warrant that, upon entry of the DIP Order and the Hedging Order, the Secured Obligations of the Loan Parties hereunder and under the other Loan Documents, the Secured Swap Agreements, the DIP Order and the Hedging Order, shall have the priority and liens set forth in the DIP Order and Hedging Order, subject to the Carve-Out as further described therein.
Hedging Program The Company and the Required Consenting Creditors shall use commercially reasonable efforts to obtain Bankruptcy Court approval and implementation of the Hedging Program in accordance with the Hedging Order.