Conditions Precedent to Consummation of the Plan Sample Clauses

The "Conditions Precedent to Consummation of the Plan" clause defines the specific requirements that must be satisfied before a proposed plan—typically in the context of bankruptcy or restructuring—can become effective and be fully implemented. These conditions may include obtaining necessary court approvals, securing required financing, or ensuring that all regulatory consents have been received. By setting out these prerequisites, the clause ensures that all critical steps are completed before the plan takes effect, thereby reducing the risk of incomplete or unenforceable implementation.
Conditions Precedent to Consummation of the Plan. This Plan shall not be consummated and the Share Exchange shall not become effective except upon compliance with each of the following conditions (unless waived by the Board of Directors of each of the parties hereto): (a) each of the events set forth in Section 2 shall have occurred; (b) not more than 5% of the holders of common stock of the Bank shall have exercised dissenters’ rights with respect to the Share Exchange provided for in the Plan; and (c) all consents or approvals, governmental or otherwise which, in the opinion of counsel for the Bank, are necessary to permit the Share Exchange and to permit the Bank to conduct all of the business and activities conducted by the Bank prior to the Effective Date, in the manner in which such business and activities were then conducted, shall have been granted or issued.
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Conditions Precedent to Consummation of the Plan. The occurrence of the Effective Date of the Plan shall be subject to the satisfaction of each of the following conditions precedent (each of which may not be waived without the consent of the Company and the Required Consenting Stakeholders, such consent not be unreasonably withheld):
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Conditions Precedent to Consummation of the Plan. A. Conditions Precedent to the Effective Date It shall be a condition to Consummation of the Plan that the following conditions shall have been satisfied or occur in conjunction with the occurrence of the Effective Date (or shall be waived pursuant to Article IX.B): 1. the Bankruptcy Court shall have entered the Disclosure Statement Order and approved the Rights Offering Procedures, solicitation procedures, and other materials related to the Plan, in form and substance consistent with the Plan Support Agreement and otherwise reasonably acceptable to the Debtors and Requisite Commitment Parties; 2. the Stock Purchase Agreement and Rights Offering Procedures shall have been approved by the Bankruptcy Court and shall remain in full force and effect, all conditions precedent thereto shall have been satisfied or waived by the applicable parties, and there shall be no breach thereunder that would give rise to the right to terminate the Stock Purchase Agreement for which notice has been given in accordance with the respective terms thereof; 3. the Bankruptcy Court shall have entered the Confirmation Order, in form and substance materially consistent with the Plan and otherwise reasonably acceptable to the Debtors and the Requisite Commitment Parties and such order shall not have been stayed pending appeal; 4. the Plan Support Agreement shall be in full force and effect with respect to the Debtors and the Plan Sponsors; 5. the Definitive Documents shall contain terms and conditions consistent in all material respects with the Plan, the Stock Purchase Agreement, and the Plan Support Agreement or otherwise acceptable to the Debtors and Requisite Commitment Parties; 6. Each of the Plan Sponsors, or its respective affiliates or related funds, (or their replacements consistent with the terms of the Stock Purchase Agreement) shall have purchased its respective allocation of the Preferred Stock and Offered Stock consistent with the terms of the Stock Purchase Agreement; 7. the Rights Offering, conducted in accordance with the Rights Offering Procedures, shall have been consummated; 8. the Backstop Investors shall have purchased the Unsubscribed Shares, if any; 9. the Professional Fee Escrow shall have been established and funded in Cash in accordance with Article II.E.3; 10. the Transaction Expenses, then known or submitted to the Debtors shall have been paid in full in Cash through and including the Effective Date; 11. the General Unsecured Recovery Cash Pool Account sh...
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Conditions Precedent to Consummation of the Plan 
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Related to Conditions Precedent to Consummation of the Plan

  • Conditions Precedent to Obligations to Consummate 9.1 Conditions to Obligations of Each Party. -------------------------------------------- The respective obligations of each Party to perform this Agreement and consummate the Merger and the other transactions contemplated hereby are subject to the satisfaction of the following conditions, unless waived by both Parties pursuant to Section 11.6:

  • CONDITIONS TO CONSUMMATION OF THE MERGER 7.1 Conditions to Each Party's Obligations to Effect the Merger. The respective obligations of each party to effect the Merger are subject to the satisfaction at or prior to the Effective Time of the following conditions:

  • Conditions Precedent to Initial Transaction Buyer’s agreement to enter into the initial Transaction hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Transaction, of the condition precedent that Buyer shall have received from the Seller any fees and expenses payable hereunder, and all of the following documents, each of which shall be satisfactory to Buyer and its counsel in form and substance: (i) The following Repurchase Documents delivered to the Buyer:

  • CONDITIONS PRECEDENT TO THE MERGER The obligations of the parties to effect the Merger are subject to the satisfaction, at or prior to the Closing, of each of the following conditions:

  • Conditions Precedent to Closing The Local Church and Annual Conference acknowledge and agree that the obligations of the parties to effectuate the Closing on or about the Disaffiliation Date are expressly contingent and conditional on the following: