Common use of Commencement of the Chapter 11 Cases Clause in Contracts

Commencement of the Chapter 11 Cases. The Chapter 11 Cases shall have been commenced in the Bankruptcy Court and all of the substantive “first day orders” and all related pleadings to be filed at the time of commencement of the Chapter 11 Cases or shortly thereafter shall have been reviewed in advance by the Lenders and all of the substantive “first day orders” pertaining to cash management and adequate protection shall be in form and substance satisfactory to the Lenders.

Appears in 2 contracts

Sources: Debt Agreement (International Shipholding Corp), Credit Agreement