Confirmation of the Reorganization Plan. The Reorganization Plan (which shall authorize treatment of the Lenders on terms no less favorable than those set forth in the Dex East Support Agreement) shall have been confirmed by the Bankruptcy Court pursuant to the Confirmation Order, which has terms and conditions reasonably satisfactory to the Lenders. The Confirmation Order shall not be subject to a stay and, unless otherwise agreed to by the Administrative Agent, (i) at least ten days shall have passed since the entry of the Confirmation Order and (ii) no appeal shall have been lodged to the Confirmation Order that in the opinion of the Administrative Agent might adversely affect any of the Loans, impair in any material respect the effectiveness of the Reorganization Plan or impair in any material respect the financial condition, business or prospects of any of the Loan Parties. All conditions precedent to the effectiveness of the Reorganization Plan shall have been satisfied (or waived) or shall be satisfied (or waived) concurrently in the reasonable judgment of the Administrative Agent.
Appears in 1 contract
Sources: Credit Agreement (DEX ONE Corp)
Confirmation of the Reorganization Plan. The Reorganization Plan (which shall authorize treatment of the Lenders on terms no less favorable than those set forth in the Dex East West Support Agreement) shall have been confirmed by the Bankruptcy Court pursuant to the Confirmation Order, which has terms and conditions reasonably satisfactory to the Lenders. The Confirmation Order shall not be subject to a stay and, unless otherwise agreed to by the Administrative Agent, (i) at least ten days shall have passed since the entry of the Confirmation Order and (ii) no appeal shall have been lodged to the Confirmation Order that in the opinion of the Administrative Agent might adversely affect any of the Loans, impair in any material respect the effectiveness of the Reorganization Plan or impair in any material respect the financial condition, business or prospects of any of the Loan Parties. All conditions precedent to the effectiveness of the Reorganization Plan shall have been satisfied (or waived) or shall be satisfied (or waived) concurrently in the reasonable judgment of the Administrative Agent.
Appears in 1 contract
Sources: Credit Agreement (DEX ONE Corp)
Confirmation of the Reorganization Plan. The Reorganization Plan (which shall authorize treatment of the Lenders on terms no less favorable than those set forth in the Dex East RHDI Support Agreement) shall have been confirmed by the Bankruptcy Court pursuant to the Confirmation Order, which has terms and conditions reasonably satisfactory to the Lenders. The Confirmation Order shall not be subject to a stay and, unless otherwise agreed to by the Administrative Agent, (i) at least ten days shall have passed since the entry of the Confirmation Order and (ii) no appeal shall have been lodged to the Confirmation Order that in the opinion of the Administrative Agent might adversely affect any of the Loans, impair in any material respect the effectiveness of the Reorganization Plan or impair in any material respect the financial condition, business or prospects of any of the Loan Parties. All conditions precedent to the effectiveness of the Reorganization Plan shall have been satisfied (or waived) or shall be satisfied (or waived) concurrently in the reasonable judgment of the Administrative Agent.
Appears in 1 contract
Sources: Credit Agreement (DEX ONE Corp)