Permitted Restructuring. No later than the 90th day after the Effective Date, the Borrower will, and will cause its Restricted Subsidiaries to, (a) consummate the Permitted Restructuring, (b) deliver to the Administrative Agent a written opinion of (i) K▇▇▇▇▇▇▇ & E▇▇▇▇ LLP, special counsel to the Loan Parties, addressed to each Agent and the Lenders and in a form substantially similar to (as applicable) the opinion delivered by K▇▇▇▇▇▇▇ & E▇▇▇▇ LLP hereunder on the Effective Date, and (ii) A▇▇▇▇ & Overy LLP, special counsel to the Loan Parties, addressed to each Agent and the Lenders and in a form substantially similar to (as applicable) the opinions delivered by A▇▇▇▇ & O▇▇▇▇ LLP hereunder on the Effective Date, and (c) execute and deliver to the Administrative Agent or the Collateral Agent, as applicable, all other documents, agreements and certificates described on Schedule 5.19 and satisfy all other conditions described on Schedule 5.19, in each case as denoted on such Schedule 5.19 as being required to be completed within 90 days after the Effective Date.
Appears in 1 contract
Sources: Credit Agreement (Solutia Inc)
Permitted Restructuring. No later than the 90th day after the Effective Date, the Borrower will, and will cause its Restricted Subsidiaries to, (a) consummate the Permitted Restructuring, (b) deliver to the Administrative Agent a written opinion of (i) K▇▇▇▇▇▇▇ & E▇▇▇▇ LLP, special counsel to the Loan Parties, addressed to each the Administrative Agent and the Lenders and in a form substantially similar to (as applicable) the opinion delivered by K▇▇▇▇▇▇▇ & E▇▇▇▇ LLP hereunder on the Effective Date, and (ii) A▇▇▇▇ & Overy LLP, special counsel to the Loan Parties, addressed to each the Admin- istrative Agent and the Lenders and in a form substantially similar to (as applicable) the opinions delivered by A▇▇▇▇ & O▇▇▇▇ LLP hereunder under the Revolving Credit Loan Documents on the Effective Date, and (c) execute and deliver to the Administrative Agent or the Collateral Agent, as applicable, all other documents, agreements and certificates described on Schedule 5.19 and satisfy all other conditions described on Schedule 5.19, in each case as denoted on such Schedule 5.19 as being required to be completed within 90 days after the Effective Date.
Appears in 1 contract
Sources: Credit Agreement (Solutia Inc)
Permitted Restructuring. No later than the 90th day after the Effective Date, the U.S. Borrower will, and will cause its Restricted Subsidiaries to, (a) consummate the Permitted Restructuring, (b) deliver to the Administrative Agent a written opinion of (i) K▇▇▇▇▇▇▇ & E▇▇▇▇ LLP, special counsel to the Loan Parties, addressed to each Agent and the Lenders and in a form substantially similar to (as applicable) the opinion delivered by K▇▇▇▇▇▇▇ & E▇▇▇▇ LLP hereunder on the Effective Date, and (ii) A▇▇▇▇ & Overy LLP, special counsel to the Loan Parties, addressed to each Agent and the Lenders and in a form substantially similar to (as applicable) the opinions delivered by A▇▇▇▇ & O▇▇▇▇ LLP hereunder on the Effective Date, and (c) execute and deliver to the Administrative Agent or the Collateral Agent, as applicable, all other documents, agreements and certificates described on Schedule 5.19 5.21 and satisfy all other conditions described on Schedule 5.195.21, in each case as denoted on such Schedule 5.19 5.21 as being required to be completed within 90 days after the Effective Date.
Appears in 1 contract
Sources: Credit Agreement (Solutia Inc)