In-Court definition
Examples of In-Court in a sentence
In-Court Restructuring: Use of Cash Collateral In the chapter 11 cases filed by the Company to effectuate the Restructuring, the First Lien Noteholders will support entry of a cash collateral order that will allow the Company to use cash collateral for working capital and general corporate purposes and to pay costs associated with the Company’s Restructuring.
This system interfaces seamlessly with our InCourt Municipal Court System.
The Term Sheet, the Credit Agreement Waiver, and the Interim Amendment collectively set forth the material terms and conditions of the transactions contemplated by the Out-of-Court Restructuring and the In-Court Restructuring (including the Prepackaged Plan, if applicable) (collectively, the “Restructuring Transactions”); provided, however, the Term Sheet is supplemented by the terms and conditions of this Agreement.
In connection with the In-Court Proceedings, Supplier will exercise its commercial best efforts, in good faith, to obtain entry of a final order from the applicable court, authorizing the approval of this Agreement and the Accommodation Agreement as postpetition agreements binding on the U.S. Debtors and confirming each Consenting OEM’s rights under this Agreement, which order shall be sought in accordance with the milestones set forth in the Accommodation Agreement.
In-Court Restructuring: Use of Cash Collateral Final Order (i) Authorizing Use of Cash Collateral, (ii) Granting Adequate Protection, (iii) Modifying the Automatic Stay to Permit Implementation, and (iv) Granting Related Relief (Dkt.
The Company and each applicable Affinion Party shall substantially concurrently with the consummation of the Investment execute (i) the Amended Senior Secured Credit Agreement, the Supplemental Indenture, the New Indenture, the Charter Amendment, the New Warrant Agreement, the Registration Rights Agreement, the Stockholders Agreement and the Warrant Agreement Amendment and, (ii) in the event of the In-Court Restructuring, the Plan and the DIP/Cash Collateral Documents.
To the extent the In-Court Restructuring is consummated, the Plan will provide that the Company, as reorganized pursuant to the Plan, will consummate transactions with respect to the Senior Notes that are consistent with the Senior Notes Annex.
If all of the conditions to consummation of the Out-of-Court Restructuring (as defined below) are satisfied or waived (with the prior written consent of the Required Parties (as defined below)) on or prior to the Out-of-Court Outside Date (as defined below), then the Restructuring shall be consummated pursuant to the Out-of-Court Restructuring unless the Required Parties agree to consummate the Restructuring through the In-Court Restructuring.
Restructuring Summary The In-Court Restructuring will be implemented in accordance with the Restructuring Support Agreement through prepackaged voluntary cases (the “Chapter 11 Cases”) commenced under chapter 11 of the Bankruptcy Code in the Bankruptcy Court.
If the Transactions are to be effectuated through the In-Court Restructuring, each Party irrevocably acknowledges and agrees that this Agreement is not and shall not be deemed to be a solicitation for consents to the Plan.