Certain Orders. An order is entered approving the solicitation of votes on a Chapter 11 Plan in any of the Chapter 11 Cases of the Borrowers that is not an Approved Plan, or an order approving a sale under section 363 of the Bankruptcy Code or any order relating to such sale (including, but not limited to an order approving sale procedures) shall be entered that does not provide for Payment in Full of the Obligations in Cash on the effective date of such sale or is otherwise not satisfactory to Administrative Agent and the Requisite Lenders, or any order shall be entered that dismisses either of the Chapter 11 Cases of the Borrowers and that does not provide for Payment in Full in Cash on the effective date of such dismissal of the relevant Borrowers’ obligations under the DIP Facility or is not otherwise satisfactory to Administrative Agent and the Requisite Lenders, or any of the Borrowers or any Affiliate of any Borrower shall file, propose, support, or fail to contest in good faith the filing or confirmation of such a plan or the entry of such an order, in each case without the prior written consent of the Requisite Lenders and the Agent;
Appears in 2 contracts
Sources: Dip Credit Agreement (Hospitality Investors Trust, Inc.), Restructuring Support Agreement (Hospitality Investors Trust, Inc.)