Remedies Notice Period definition

Remedies Notice Period has the meaning specified in the Final Order.
Remedies Notice Period shall have the meaning assigned to such term in Section 8.01.
Remedies Notice Period shall have the meaning assigned to such term in the DIP Order.

Examples of Remedies Notice Period in a sentence

  • With respect to the DIP Collateral, following the Termination Declaration but subject to the Remedies Notice Period, the DIP Agent and the DIP Lenders may exercise all rights and remedies available to them under the DIP Loan Documents or applicable law against the DIP Collateral.

  • Following the termination of the Remedies Notice Period, the DIP Agent and the DIP Lenders may require the Debtors to seek authority from the Court to retain a professional acceptable to the DIP Agent and the DIP Lenders for the purpose of conducting a liquidation or “going out of business” sale and/or the orderly liquidation of the DIP Collateral and, if Debtors refuse to seek such authority, the DIP Agent and the DIP Lenders shall be entitled to seek such authority directly.

  • Unless the Court orders otherwise during the Remedies Notice Period, at the end of the Remedies Notice Period, the Debtors shall automatically, without further notice or order of the Court, no longer have the right to use Cash Collateral.

  • It is agreed and understood that the Administrative Agent may not charge default interest pursuant to this Agreement during such time as the occurrence of such Event of Default is being contested during the Remedies Notice Period but once determined that such Event of Default exists, the Administrative Agent may charge default interest pursuant to this Agreement retroactively to cover the period from which the Event of Default exists through the date of determination.

  • For the avoidance of doubt, notwithstanding the foregoing, during the Remedies Notice Period, the Debtors may use Cash Collateral in amounts that the Debtors have determined in good faith are necessary to the preservation of the Debtors and their Estates solely in accordance with the Approved Budget, or that have otherwise been approved in advance in writing by the applicable DIP Secured Parties.


More Definitions of Remedies Notice Period

Remedies Notice Period has the meaning ascribed to it in the Orders, as applicable.
Remedies Notice Period has the meaning set forth in Section 11(a).
Remedies Notice Period as defined in Section 8.1.
Remedies Notice Period means the period commencing on the date a Termination Declaration is delivered pursuant to Section 8.01 and ending on the date that is five (5) Business Days thereafter.
Remedies Notice Period shall have the meaning assigned to such term in the Interim Financing Order or, after entry thereof, the Final Financing Order.
Remedies Notice Period has the meaning set forth in Section 9.1(c).
Remedies Notice Period as defined in the Interim Order (and, when entered, the Final Order).