Common use of Reorganization Proceedings Clause in Contracts

Reorganization Proceedings. The Company shall, and shall cause its subsidiaries to, use commercially reasonable efforts to consummate the Financial Restructuring, including, without limitation: (a) the preparation and filing of the Plan Disclosure Documents with the SEC as soon as practicable after the date hereof and in no event later than August 10, 1998, and the clearance of the Plan Disclosure Documents by the SEC; (b) subject to Section 6.4, the preparation and filing of supplements or amendments to the Plan Disclosure Documents with the SEC and the clearance of such supplements or amendments to the Disclosure Statement by the SEC if at any time prior to the Closing Date any fact, event or development should occur or exist that is required under the Securities Act, the Exchange Act or the Bankruptcy Code or the rules and regulations thereunder to be set forth in a supplement or amendment to the Plan Disclosure Documents; (c) the solicitation and receipt of the acceptances of the requisite holders of claims against the Company pursuant to the Plan Solicitation; (d) the filing with, and approval of, the Bankruptcy Court of the Plan Disclosure Documents; (e) the confirmation of the Plan under the Bankruptcy Code using the acceptances of the Plan received by the Company pursuant to the Plan Solicitation; and (f) the consummation of the transactions provided for in the Plan, including, without limitation, the transactions described in Section 2 of this Agreement.

Reorganization Proceedings. The Company shall, and shall cause -------------------------- its subsidiaries to, use commercially reasonable efforts to consummate the Financial Restructuring, including, without limitation: (a) the preparation and filing of the Plan Disclosure Documents with the SEC as soon as practicable after the date hereof and in no event later than August 10, 1998, and the clearance of the Plan Disclosure Documents by the SEC; (b) subject to Section 6.4, the preparation and filing of supplements or amendments to the Plan Disclosure Documents with the SEC and the clearance of such supplements or amendments to the Disclosure Statement by the SEC if at any time prior to the Closing Date any fact, event or development should occur or exist that is required under the Securities Act, the Exchange Act or the Bankruptcy Code or the rules and regulations thereunder to be set forth in a supplement or amendment to the Plan Disclosure Documents; (c) the solicitation and receipt of the acceptances of the requisite holders of claims against the Company pursuant to the Plan Solicitation; (d) the filing with, and approval of, the Bankruptcy Court of the Plan Disclosure Documents; (e) the confirmation of the Plan under the Bankruptcy Code using the acceptances of the Plan received by the Company pursuant to the Plan Solicitation; and (f) the consummation of the transactions provided for in the Plan, including, without limitation, the transactions described in Section 2 of this Agreement.