Reorganization Efforts Sample Clauses

Reorganization Efforts. The Borrower shall promptly provide the Administrative Agent and the Lenders upon reasonable request with updates of any material developments in connection with the Credit Parties’ reorganization efforts under the Cases, whether in connection with the sale of all or substantially all of the Holdings’ or any of the Credit Parties’ assets, the marketing of any Credit Parties’ assets outside the ordinary course, the formulation of bidding procedures, and auction plan, or documents related thereto, any negotiations with respect to the Existing Secured Facilities, or otherwise. Without limiting the foregoing, promptly upon reasonable request and upon any such information becoming available to the Credit Parties, each Credit Party shall provide the Administrative Agent and the Lenders with copies of any informational packages provided to any potential bidders, a status report (upon request of the Administrative Agent, a Lender or the advisors to the Lenders) and updated information relating to any sale of assets, and copies of all drafts of proposed sale documentation, any such bids and any updates, modifications or supplements to such information and materials; provided that, for the avoidance of doubt, the foregoing shall not apply to the Administrative Agent or any Lender participating in such material sale of assets of one or all of the Credit Parties.

Reorganization Efforts. Each of the parties hereto hereby acknowledges, agrees and consents to all of the Reorganization Transactions. Each of the parties hereto shall take all reasonable action necessary or appropriate in order to effect, or cause to be effected, to the extent within its control, each of the Reorganization Transactions and the IPO. The parties hereto shall deliver to each other, as applicable, prior to or at the Form S-1 Effective Time, each of the Reorganization Documents to which it is a party, together with any other documents and instruments necessary or appropriate to be delivered in connection with the Reorganization Transactions.

Reorganization Efforts. Each of Acquiror and Transferor shall (and the Acquiror and Transferor shall cause their respective Subsidiaries to) use its reasonable best efforts to cause the transactions contemplated by the Transaction Agreements to qualify, and not take or fail to take any action which action (or failure to act) would reasonably be expected to prevent or impede such transactions from qualifying, as a “reorganization” within the meaning of Section 368(a) of the Code.