Common use of Interim Order Clause in Contracts

Interim Order. Not later than five (5) days following the Filing Date, the Administrative Agent and the Lenders shall have received a certified copy of each Interim Order approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead Arrangers, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead Arrangers, (iii) shall approve the payment by the Loan Parties of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.22, (iv) shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 4 contracts

Sources: Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp)

Interim Order. Not later than five ten (510) days following the Filing Date, the Administrative Agent and the Lenders shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit A or such other form as otherwise agreed by the Administrative Agent and the Debtors (the "Interim Order Order") approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan PartiesBorrowers, in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties Borrowers of all of the Fees set forth in Section 2.20Sections 2.19, Section 2.21 2.20 and Section 2.222.21, (iv) shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent respect, and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretionAgent) of the secured creditors of any of the Loan Parties Borrowers under the Pre-Petition Credit Agreement, and (viivi) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrowers of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Interstate Bakeries Corp/De/), Revolving Credit Agreement (Interstate Bakeries Corp/De/), Revolving Credit Agreement (Interstate Bakeries Corp/De/)

Interim Order. Not At the time of the making of the initial Loans or at the time of the issuance of the initial Letter of Credit, whichever first occurs, but not later than five fifteen (515) days following the Filing Date, the Administrative Agent and the Lenders Banks shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit A-1 (the "Interim Order Order") approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 2.23 and the CCAA DIP Lenders’ Charge, use by the Borrower and the Guarantors of any cash collateral in which the case of Existing Lenders or the Initial Order, Primed Vendors may have an interest which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, Borrower satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and Agent, on such no less than two (2) Business Days' prior notice to such parties as may be satisfactory each of the Existing Lenders, the Primed Vendors, counsel to the Administrative Agent Official Committee of Unsecured Creditors (if appointed), the United States Trustee, any party who has filed a notice with the Bankruptcy Court requesting service of papers and any other parties in interest which have been designated by the Co-Lead ArrangersBankruptcy Court to receive pleadings in the case, (ii) shall authorize have authorized extensions of credit under this Agreement of not less than $20,000,000 in amounts satisfactory to the Administrative Agent and the Co-Lead Arrangersaggregate, (iii) shall approve the payment by the Loan Parties of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.22, (iv) shall be in full force and effect, and (viv) shall not have been stayed, reversed, vacated, rescinded, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangersand, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan Loans nor the issuance of such Letter of Credit nor the performance by the Borrower or any of the Loan Parties Guarantors of any of their respective obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (Alliance Entertainment Corp)

Interim Order. Not At the time of the making of the initial Loans or at the time of the issuance of the initial Letters of Credit, whichever first occurs, but in any event no later than five ten (510) days following after the Filing Date, the Administrative Agent and the Lenders Banks shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit A-1 (the “Interim Order Order”) approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered entered, upon an application or motion of the applicable Loan Parties, Borrower reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and Initial Banks, on such prior notice to such parties as may in each case be reasonably satisfactory to the Administrative Agent and the Co-Lead ArrangersInitial Banks, (ii) shall authorize extensions of credit in amounts satisfactory to not in excess of $1,150,000,000 (which amount may not be increased without the Administrative Agent and consent of the Co-Lead ArrangersInitial Banks), (iii) shall approve the payment by the Loan Parties Borrower of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.222.19, (iv) shall be in full force and effect, and (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangersrespect; and, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan Loans nor the issuance of such Letter of Credit nor the performance by the Borrower or any of the Loan Parties Guarantors of any of their respective obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (Kmart Corp)

Interim Order. Not later than five (5) days following At the Filing Datetime of the making of the initial Loans or at the time of the issuance of the initial Letter of Credit, whichever first occurs, the Administrative Agent Agent, the Fronting Banks and the Lenders shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit B (the "Interim Order Order") approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.22 which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, Borrower reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and Agent, on such prior notice to such parties (including the Existing Lenders) as may be reasonably satisfactory to the Administrative Agent and not later than fifteen (15) days following the Co-Lead Arrangerscommencement of the Case, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall provide for adequate protection in favor of the Existing Lenders, as set forth in Section 4.1(d), (iv) approve the payment by the Loan Parties Borrower of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.222.18, (ivv) shall be in full force and effect, and (vvi) shall not have been amended, modified, stayed, reversed, modified vacated or amended rescinded in any respect without the prior written consent of the Administrative Agent and the Co-Lead ArrangersRequired Lenders and, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan Loans nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrower of any of their obligations its Obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Sources: Revolving Credit Agreement (Payless Cashways Inc)

Interim Order. Not later than five ten (510) days following the ------------- Filing Date, the Administrative Agent and the Lenders shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit A-1 (the "Interim Order Order") approving the Loan Documents and ----------- ------------- granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered ------------ upon an application or motion of the applicable Loan Parties, Borrowers reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties Borrowers of all of the Fees set forth in Section 2.20Sections 2.19, Section 2.21 2.20 and Section 2.222.21, (iv) shall be in ------------------- ---- full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of respect, except as approved by the Administrative Agent Agent, in its sole discretion, and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive its sole discretion) of the secured creditors of any of the Loan Parties Borrowers under the Pre-Petition Credit AgreementExisting Agreements; and, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrowers of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Guaranty Agreement (Federal Mogul Corp)

Interim Order. Not later than five ten (510) days following the Filing Date, the Administrative Agent and the Lenders shall have received a certified copy of each Interim Order an order of the Bankruptcy Court in substantially the form of Exhibit A-1 (the "INTERIM ORDER") approving the Loan Documents and granting the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, Borrowers reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and Agent, which Interim Order shall have been entered on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties Borrowers of all of the Fees set forth in Section 2.20Sections 2.19, Section 2.21 2.20 and Section 2.222.21, (iv) shall be in full force and effect, effect and (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangersrespect; and, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrowers or the Guarantor of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.. 140

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (Usg Corp)

Interim Order. Not later than five The notice of motion for the application referred to in Section 2.1(a) shall request that the Interim Order provide: (5a) days following for the Filing Dateclass of Persons to whom notice is to be provided in respect of the Arrangement and the VERSUS Meeting and for the manner in which such notice is to be provided; (b) that the requisite approval for the Arrangement Resolution shall be 66 2/3% of the votes cast on the Arrangement Resolution by holders of VERSUS Shares, holders of the VERSUS Options and holders of the Compensation Options, voting together as a single class, present in person or by proxy at the VERSUS Meeting; (c) that, in all other respects, the Administrative Agent terms, restrictions and conditions of the Lenders bylaws and articles of VERSUS, including quorum requirements and all other matters, shall have received a certified copy apply in respect of each the VERSUS Meeting, provided that, if the record date for the VERSUS Meeting is on or -------- before June 24, 2000, the Interim Order approving shall stipulate that the Loan Documents initial holders of VERSUS Shares issued upon exercise of the VERSUS Warrants after such record date shall be entitled to vote such VERSUS Shares on the Arrangement Resolution, and granting provided further that the Superpriority Claim status and senior priming and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge-------- ------- Interim Order shall provide that VERSUS' board of directors shall be entitled, in the case of the Initial Orderevent that VERSUS and EGI, which Interim Order (i) each acting reasonably, shall have been entered upon an application or motion of the applicable Loan Parties, in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead Arrangers, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead Arrangers, (iii) shall approve the payment by the Loan Parties of agree that all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.22, (iv) shall be in full force and effect, (v) shall Appropriate Regulatory Approvals will not have been stayed, reversed, modified or amended in any respect without obtained prior to the written consent then scheduled date of the Administrative Agent VERSUS Meeting, to adjourn the VERSUS Meeting to the Business Day immediately following the earliest date upon which VERSUS and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers EGI reasonably agree that all Appropriate Regulatory Approvals in their exclusive discretion) respect of the secured creditors of any Arrangement are expected to be obtained; and (d) for the grant of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appealDissent Rights.

Appears in 1 contract

Sources: Merger Agreement (E Trade Group Inc)

Interim Order. Not later than five ten (510) days following the Filing ------------- Date, the Administrative Agent and the Lenders shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit ------- A-1 (the "Interim Order Order") approving the Loan Documents and granting the --- ------------- Superpriority Claim status and senior priming Priming Liens and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall have been entered upon an ------------ application or motion of the applicable Loan Parties, Borrowers reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and shall have been entered on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties Borrowers of all of the Fees set forth in Section 2.20Sections 2.19, Section 2.21 2.20 and Section 2.222.21, ------------- ---- ---- (iv) shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent respect, and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive its sole discretion) of the secured creditors of any of the Loan Parties Borrowers under the Pre-Petition Existing Credit Agreement; and, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrowers or the Guarantors of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (Bethlehem Steel Corp /De/)

Interim Order. Not later than five (5) days following the Filing DateApril 12, 2010, the Administrative Agent Bankruptcy Court shall have entered an order (in form and substance acceptable to the Requisite Banks and the Lenders shall have received a certified copy of each Interim Order Administrative Agent) approving the Loan Documents transactions contemplated hereunder on an interim basis (the “Interim Order”), on motion by the Debtors, such motion to be in form and granting substance reasonably satisfactory to the Superpriority Claim status and senior priming and other Liens described in Section 2.24 Requisite Banks and the CCAA DIP Lenders’ Charge, in the case of the Initial OrderAdministrative Agent, which Interim Order (i) shall have been entered upon an application or motion of the applicable Loan Parties, in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be reasonably satisfactory to the Requisite Banks and the Administrative Agent and as otherwise required by the Co-Lead ArrangersBankruptcy Code, the Federal Rules of Bankruptcy Procedure, orders of the Bankruptcy Court, and any applicable local bankruptcy rules, and shall not have been reversed, modified, amended or stayed in any respect (or application therefor made), (i) approving the transactions contemplated by the Credit Documents and authorizing extensions of credit thereunder, (ii) shall authorize extensions of credit in amounts satisfactory to approving the Administrative Agent payment by the Borrower and the Co-Lead ArrangersGuarantors of all the fees and expenses that are required to be paid under or in connection with the Credit Documents, (iii) shall approve the payment by the Loan Parties providing, after five (5) Business Days’ written notice of all an Event of the Fees set forth in Section 2.20Default, Section 2.21 and Section 2.22, (iv) which written notice shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined provided by the Administrative Agent to the Debtors, counsel to the Debtors, counsel to any statutory committee(s) appointed in the Cases, and the Co-Lead Arrangers in their exclusive discretion) Office of the secured creditors United States Trustee for the District of any Delaware, and which written notice shall be filed with the Bankruptcy Court by counsel to the Administrative Agent, for the automatic termination of the Loan Parties under automatic stay (but solely with respect to the Pre-Petition transactions contemplated by the Credit AgreementDocuments), with a full waiver by the Borrower and the Guarantors of all rights to contest such termination except with respect to the existence of an Event of Default, and (viiiv) if the Interim Order is the subject of a pending appeal in any respecthaving such other findings, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any orders and relief typical for financings of the Loan Parties of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appealtype contemplated by this Agreement.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Xerium Technologies Inc)

Interim Order. Not At the time of the making of the initial Loans or at the time of the issuance of the initial Letter of Credit, whichever first occurs but in any event no later than five (5) 15 days following after the Filing Petition Date, the Administrative Agent and the Lenders shall have received received, with a certified copy for each Lender, a copy of each the Interim Order approving the Loan Documents and granting the Superpriority Super-priority Claim status and senior priming and other Liens described in subsection 4.21 and finding that the Lenders are extending credit to the Borrower in good faith within the meaning of Section 2.24 and the CCAA DIP Lenders’ Charge, in the case 364(e) of the Initial Order, Bankruptcy Code which Interim Order (i) shall be in form and substance satisfactory to the Agent, the Lenders and counsel to the Agent, (ii) shall have been entered upon an application or motion of the applicable Loan Parties, Borrower and the Guarantors reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead Arrangers, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties of all of the Fees set forth in Section 2.20, Section 2.21 and Section 2.22, (iv) shall be in full force and effect, effect and (viv) shall not have been stayed, reversed, vacated or rescinded or, without the consent of the Required Lenders, modified or amended in any respect without the written consent of the Administrative Agent and the Co-Lead Arrangersand, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive discretion) of the secured creditors of any of the Loan Parties under the Pre-Petition Credit Agreement, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan Loans nor the issuance of such Letter of Credit nor the performance by the Borrower or any of the Loan Parties Guarantors of any of their respective obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal. For the purposes of satisfying the condition precedent set forth in subsection 6.3 to the making of the remaining Tranche B Loans on the date of entry of the Final Order, the above references to the "Interim Order" shall be deemed references to the "Final Order".

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Guarantee Agreement (Aps Holding Corporation)

Interim Order. Not later than five ten (510) days following the Filing ------------- Date, the Administrative Agent and the Lenders shall have received a certified copy of each an order of the Bankruptcy Court in substantially the form of Exhibit ------- A-1 (the "Interim Order Order") approving the --- ------------- 38 Loan Documents and granting the Superpriority Claim status and senior priming Priming Liens and other Liens described in Section 2.24 and the CCAA DIP Lenders’ Charge, in the case of the Initial Order, 2.23 which Interim Order (i) shall ------------ have been entered upon an application or motion of the applicable Loan Parties, Borrowers reasonably satisfactory in form and substance satisfactory to the Administrative Agent and the Co-Lead Arrangers and shall have been entered on such prior notice to such parties as may be satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (ii) shall authorize extensions of credit in amounts satisfactory to the Administrative Agent and the Co-Lead ArrangersAgent, (iii) shall approve the payment by the Loan Parties Borrowers of all of the Fees set forth in Section 2.20Sections 2.19, Section 2.21 2.20 and Section 2.222.21, ------------- ---- ---- (iv) shall be in full force and effect, (v) shall not have been stayed, reversed, modified or amended in any respect without the written consent of the Administrative Agent respect, and the Co-Lead Arrangers, (vi) shall be entered with the consent or non-objection of a preponderance (as determined by the Administrative Agent and the Co-Lead Arrangers in their exclusive its sole discretion) of the secured creditors of any of the Loan Parties Borrowers under the Pre-Petition Existing Credit Agreement; and, and (vii) if the Interim Order is the subject of a pending appeal in any respect, neither the making of such Loan nor the issuance of such Letter of Credit nor the performance by any of the Loan Parties Borrowers or the Guarantors of any of their obligations hereunder or under the Loan Documents or under any other instrument or agreement referred to herein shall be the subject of a presently effective stay pending appeal.

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (Bethlehem Steel Corp /De/)