Support of the Plan. (i) Until the occurrence of the Outside Date, except to the extent that, and for as long as, they shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition, each of the Parties agrees to pursue and otherwise support the Transaction, to do all things reasonably necessary to consummate the Transaction, and to: (a) not object to, or challenge the Transaction, or otherwise commence or participate in any proceeding which fails to support the Transaction or any Transaction Document (except to the extent that any Transaction Document is inconsistent with the terms of this Agreement); (b) not directly or indirectly seek, solicit, support, formulate, prosecute or encourage any other plan, sale, proposal or offer of dissolution, winding up, liquidation, reorganization, merger or restructuring of the Debtor or the Property that could reasonably be expected to prevent, delay or impede the consummation of the Transaction or any Transaction Document; (c) do all things reasonably necessary to consummate the Transaction and not take any other action that is inconsistent with, or that would delay or obstruct the proposed solicitation, confirmation or consummation of, the Transaction or any Transaction Document; (d) not (x) direct or encourage any person to take any action that is inconsistent with its obligations under this Agreement or that could impede or delay the implementation and consummation of the Transaction, or (y) support, in any way, any person who may take any action that is inconsistent with or would prevent the implementation and consummation of the Transaction; and (e) cause (x) all documents to which they (or in the case of Equity Parent and the Supporting Second Lien Lenders, the New Borrower) are to be a party and which are reasonably necessary to effectuate the Plan, including the Final Transaction Documents, to be duly executed and delivered, and (y) all conditions precedent to the effectiveness of the New Secured Loan Documents to be satisfied (to the extent they are within the applicable Party’s reasonable control). (ii) In addition to the provisions contained in section 3.2(i), the Debtor agrees to use commercially reasonable efforts to timely obtain all regulatory, judicial and third party approvals (excluding approvals by any third-party creditor other than a counter-party to a contract to be assigned in connection with the Transaction) that will be required to consummate the Transaction. (iii) In addition to the provisions contained in section 3.2(i), each First Lien Lender agrees, for itself only and not on behalf of any other member of the Senior Group, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any First Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to: (a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its First Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote); (b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents; (c) the use of cash collateral by the Debtors pursuant to the terms of the Interim Cash Collateral Order and Final Cash Collateral Order; (d) exercise all of its rights and powers under the Amended and Restated Intercreditor Agreement, dated July 6, 2007 (the “Intercreditor Agreement”), in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated, including, without limitation, enforcing the restrictions and/or prohibitions on any Second Lien Lenders, including any who are not Supporting Second Lien Lenders, that are contesting (or supporting any other person in contesting) any aspect of the Transaction; and (e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code. (iv) In addition to the provisions contained in section 3.2(i), each Supporting Second Lien Lender agrees, for itself only and not on behalf of any other member of the Supporting Second Lien Lenders, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any Second Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to: (a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its Second Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote); (b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents; (c) exercise all of its rights and powers under the Second Lien Credit Agreement and the Second Lien Credit Documents, in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated; (d) consent, and not support any person objecting, to the entry of the Interim Cash Collateral Order and Final Cash Collateral Order; and (e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
Appears in 2 contracts
Sources: Lock Up and Plan Support Agreement, Lock Up and Plan Support Agreement (FX Real Estate & Entertainment Inc.)
Support of the Plan. (1) Each Consenting Holder agrees that it will (i) Until from and after the occurrence date hereof not agree to, consent to, provide any support to, participate in the formulation of, or vote for any plan of reorganization or liquidation, other than the Plan; (ii) execute and deliver a customary letter, in form and substance reasonably satisfactory to the Company and such Consenting Holder, from the Consenting Holder for distribution to the holders of any impaired claims against or interests in the Company, stating that such Consenting Holder supports and has committed to vote to approve the Plan; and (iii) agree to permit disclosure in the Disclosure Statement and any filings by the Company with the Securities and Exchange Commission of the Outside Datecontents of this Agreement, including, but not limited to, the commitments given in clause (i) of this Section 2(a) and the aggregate Relevant Claims held by all Consenting Holders; provided that the Company shall not disclose the number of shares of Common Stock comprising the Relevant Claim of any individual Consenting Holder, except as otherwise required by applicable law.
(2) Each Consenting Holder further agrees that it shall not object to the extent thator otherwise commence any proceeding, and for as long asor take any other action, they shall be prohibited from taking to oppose or alter any of the following actions due to any injunction, order, law or other judicial or legal prohibition, each terms of the Parties agrees to pursue Plan or any other document filed in connection with the confirmation of the Plan (hereinafter a "Reorganization Document") and otherwise support the Transaction, to do all things reasonably necessary to consummate the Transaction, and to:
(a) shall not object totake any action which is inconsistent with, or challenge that would delay approval or confirmation of any of the TransactionDisclosure Statement, or otherwise commence or participate in any proceeding which fails to support the Transaction Plan or any Transaction Document (except to of the extent Reorganization Documents; provided that any Transaction Document is inconsistent with the terms of this Agreement);
(b) not all such Reorganization Documents are customary and otherwise consistent with the material terms of the Plan. Without limiting the generality of the foregoing, no Consenting Holder may directly or indirectly seek, solicit, support, formulate, prosecute support or encourage any other plan, sale, proposal or offer of dissolution, winding up, liquidation, reorganization, merger or restructuring of the Debtor Company or the Property any of its subsidiaries that could reasonably be expected to prevent, delay or impede the consummation restructuring of the Transaction Company as contemplated by the Plan or any Transaction Reorganization Document;
(c) do all things reasonably necessary to consummate the Transaction and not take any other action that is inconsistent with, or that would delay or obstruct the proposed solicitation, confirmation or consummation of, the Transaction or any Transaction Document;
(d) not (x) direct or encourage any person to take any action that is inconsistent with its obligations under this Agreement or that could impede or delay the implementation and consummation of the Transaction, or (y) support, in any way, any person who may take any action that is inconsistent with or would prevent the implementation and consummation of the Transaction; and
(e) cause (x) all documents to which they (or in the case of Equity Parent and the Supporting Second Lien Lenders, the New Borrower) are to be a party and which are reasonably necessary to effectuate the Plan, including the Final Transaction Documents, to be duly executed and delivered, and (y) all conditions precedent to the effectiveness of the New Secured Loan Documents to be satisfied (to the extent they are within the applicable Party’s reasonable control).
(ii) In addition to the provisions contained in section 3.2(i), the Debtor agrees to use commercially reasonable efforts to timely obtain all regulatory, judicial and third party approvals (excluding approvals by any third-party creditor other than a counter-party to a contract to be assigned in connection with the Transaction) that will be required to consummate the Transaction.
(iii) In addition to the provisions contained in section 3.2(i), each First Lien Lender agrees, for itself only and not on behalf of any other member of the Senior Group, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any First Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to:
(a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its First Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote);
(b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents;
(c) the use of cash collateral by the Debtors pursuant to the terms of the Interim Cash Collateral Order and Final Cash Collateral Order;
(d) exercise all of its rights and powers under the Amended and Restated Intercreditor Agreement, dated July 6, 2007 (the “Intercreditor Agreement”), in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated, including, without limitation, enforcing the restrictions and/or prohibitions on any Second Lien Lenders, including any who are not Supporting Second Lien Lenders, that are contesting (or supporting any other person in contesting) any aspect of the Transaction; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
(iv) In addition to the provisions contained in section 3.2(i), each Supporting Second Lien Lender agrees, for itself only and not on behalf of any other member of the Supporting Second Lien Lenders, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any Second Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to:
(a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its Second Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote);
(b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents;
(c) exercise all of its rights and powers under the Second Lien Credit Agreement and the Second Lien Credit Documents, in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated;
(d) consent, and not support any person objecting, to the entry of the Interim Cash Collateral Order and Final Cash Collateral Order; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
Appears in 1 contract
Sources: Lock Up, Voting and Consent Agreement (Gray Communications Systems Inc /Ga/)
Support of the Plan. Each Backstop Purchaser agrees, severally and not jointly, with the Company (and notwithstanding any other provision of this Agreement, the Company may waive the provisions of this Section 6 in its sole discretion without the consent of any Backstop Purchaser):
(i) Until the occurrence of the Outside Date, except to the extent that, it and for as long as, they shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition, each of the Parties agrees to pursue and otherwise support the Transaction, to do all things reasonably necessary to consummate the Transaction, and to:
its affiliates will not (aA) not object to, delay or challenge impede, directly or indirectly, the Transactionconfirmation of the Plan, subject to its receipt of a Disclosure Statement and other solicitation materials in respect of the Plan that is approved by the Bankruptcy Court, as containing “adequate information” under section 1125 of the Bankruptcy Code (as may be amended, modified or otherwise commence changed in accordance with this Agreement), (B) object, delay or impede, directly or indirectly, the approval of the Disclosure Statement (as may be amended, modified or changed in accordance with this Agreement), (C) vote for, consent to, induce, encourage, support or participate in the formulation of any proceeding which fails plan of reorganization other than, subject to support its receipt of a Disclosure Statement and other solicitation materials in respect of the Transaction Plan that is approved by the Bankruptcy Court, the Plan (as such Plan may be amended, modified or any Transaction Document (except to the extent that any Transaction Document is inconsistent changed in accordance with the terms of this Agreement);
, (bD) not directly or indirectly seek, solicit, supportinduce, formulate, prosecute support or encourage any other plan, sale, proposal or offer of dissolution, winding up, liquidation, reorganization, merger merger, or restructuring of the Debtor Debtors or any of their subsidiaries other than as provided in the Property that could reasonably Plan (as such Plan may be expected amended, modified or changed in accordance with this Agreement), (E) object to preventthe Disclosure Statement or, delay or impede the consummation subject to its receipt of a Disclosure Statement and other solicitation materials in respect of the Transaction Plan that is approved by the Bankruptcy Court, the solicitation of consents to the Plan (each as may be amended, modified or any Transaction Document;
changed in accordance with this Agreement), or (cF) do all things reasonably necessary to consummate the Transaction and not take any other action in the Debtors’ chapter 11 cases or otherwise that is inconsistent with, or that would delay or obstruct the proposed solicitationis intended or is reasonably likely to materially delay, confirmation or consummation of, the Transaction or any Transaction DocumentTransactions;
(d) not (x) direct or encourage any person to take any action that is inconsistent with its obligations under this Agreement or that could impede or delay the implementation and consummation of the Transaction, or (y) support, in any way, any person who may take any action that is inconsistent with or would prevent the implementation and consummation of the Transaction; and
(e) cause (x) all documents to which they (or in the case of Equity Parent and the Supporting Second Lien Lenders, the New Borrower) are to be a party and which are reasonably necessary to effectuate the Plan, including the Final Transaction Documents, to be duly executed and delivered, and (y) all conditions precedent to the effectiveness of the New Secured Loan Documents to be satisfied (to the extent they are within the applicable Party’s reasonable control).
(ii) In addition it will, and it will cause its affiliates to, (A) subject to the provisions contained its receipt of a Disclosure Statement and other solicitation materials in section 3.2(i), the Debtor agrees to use commercially reasonable efforts to timely obtain all regulatory, judicial and third party approvals (excluding approvals by any third-party creditor other than a counter-party to a contract to be assigned in connection with the Transaction) that will be required to consummate the Transaction.
(iii) In addition to the provisions contained in section 3.2(i), each First Lien Lender agrees, for itself only and not on behalf of any other member respect of the Senior Group, Plan that so long as it is approved by the legal owner, beneficial owner and/or the investment adviser or manager of any First Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to:
(a) within five (5) Business Days of the commencement of the SolicitationBankruptcy Court, vote (and cause the person, if any, otherwise entitled to vote) the claims (the “Noteholder Claims”) in which such Backstop Purchaser and its affiliates have a beneficial interest arising under the indenture governing the Senior Notes (the “Senior Noteholder Claims”) or cause to be voted its First Lien Secured Claims the indenture governing the Senior Subordinated Notes, to accept the Plan (as such Plan may be amended, modified or changed in accordance with this Agreement), and not revoke or withdraw its vote)(B) reasonably cooperate with the Debtors in respect of the pursuit and support of the transactions contemplated by this Agreement and the Plan;
(biii) vote against for so long as this Agreement remains in effect, it and in no way otherwiseits affiliates will not sell, transfer, assign, pledge or otherwise dispose of, directly or indirectly, support any restructuringof its debt or Noteholder Claims, reorganization or liquidation any option thereon or any right or interest (voting or otherwise) therein unless the transferee, assignee, pledgee or other successor in interest agrees (and covenants to cause any subsequent transferee, assignee, pledgee or other successor in interest to agree) to vote such Noteholder Claims in favor of the Debtor (or any plan or proposal Plan and, in the case of Supporting Senior Notes, accept a distribution of Supporting Note Shares in respect of the same) that is inconsistent any Supporting Senior Notes in accordance with the Transaction this Agreement and the Transaction Documents;
(c) Plan in lieu of any cash distribution otherwise available under the use Plan to holders of cash collateral by Senior Noteholder Claims; provided that notwithstanding the Debtors pursuant foregoing, any Backstop Purchaser will be permitted to the terms of the Interim Cash Collateral Order and Final Cash Collateral Order;
(d) exercise all of transfer its rights and powers under the Amended and Restated Intercreditor Agreement, dated July 6, 2007 (the “Intercreditor Agreement”), or obligations with respect to this Agreement in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated, including, without limitation, enforcing the restrictions and/or prohibitions on any Second Lien Lenders, including any who are not Supporting Second Lien Lenders, that are contesting (or supporting any other person in contesting) any aspect of the Transactionaccordance with Section 12; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
(iv) In addition to the provisions contained in section 3.2(i), each Supporting Second Lien Lender agrees, for itself only and not on behalf of any other member of the Supporting Second Lien Lenders, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any Second Lien Secured Claims (except to the extent thatit or its affiliates acquire additional debt, Noteholder Claims, or equity interests in the Debtors, or hold or acquire other claims or equity interests in the Debtors, each such Backstop Purchaser and for as long asits affiliates agrees that such debt, it Noteholder Claims or equity interests are and shall be prohibited from taking any of the following actions due subject to any injunction, order, law or other judicial or legal prohibitionthis Section 6(a), to:
(a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its Second Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote);
(b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents;
(c) exercise all of its rights and powers under the Second Lien Credit Agreement and the Second Lien Credit Documents, in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated;
(d) consent, and not support any person objecting, to the entry of the Interim Cash Collateral Order and Final Cash Collateral Order; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
Appears in 1 contract
Sources: Commitment Agreement (Cooper-Standard Holdings Inc.)
Support of the Plan. (i) Until the occurrence of the Outside Date, or the First Lien Agent’s determination that neither a Sale nor the Plan can be consummated, as set forth in Section 3.1.(a) above, except to the extent that, and for as long as, they shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition, each of the Debtor Parties agrees to pursue and otherwise support the Transaction, to do all things reasonably necessary to consummate the Transaction, and New Entities agree to:
(a) not object to, to the Transaction or challenge the Transactionchallenge, or otherwise commence or participate in any proceeding which fails to support the Transaction Transaction, this Agreement, the Plan Funding Agreement, the Equity Sponsor Commitment, the New Secured Loan Documents or any Chapter 11 Transaction Document (except to hereinafter, each a “Transaction Document” and, collectively, the extent that any “Transaction Document is inconsistent with the terms of this AgreementDocuments”);.
(b) not directly or indirectly seek, solicit, support, formulate, prosecute or encourage any other plan, sale, proposal or offer of dissolution, winding up, liquidation, reorganization, merger or restructuring of the Debtor or the Property Parties that could reasonably be expected to prevent, delay or impede the consummation of the Transaction or any Transaction Document;
(c) do all things reasonably necessary to consummate the Transaction and not take any other action that is inconsistent with, or that would delay or obstruct the proposed solicitation, confirmation or consummation of, the Transaction or any Transaction Document;; and
(d) not (x) direct or encourage any person to take any action that is inconsistent with its obligations under this Agreement or that could impede or delay the implementation and consummation of the Transaction, or (y) support, in any way, any person who may take any action that is inconsistent with or would prevent the implementation and consummation of the Transaction; and
(e) cause (x) all documents to which they (or in the case of Equity Parent and the Supporting Second Lien Lenders, the New Borrower) are to be a party and which are reasonably necessary to effectuate the Plan, including the Final Transaction Documents, to be duly executed and delivered, and (y) all conditions precedent to the effectiveness of the New Secured Loan Documents to be satisfied (to the extent they are within the applicable Party’s reasonable control).
(ii) In addition to the provisions contained in section 3.2(i)foregoing, the Debtor agrees Parties agree to use commercially reasonable efforts to timely obtain all regulatory, judicial and third party approvals (excluding approvals by any third-party creditor other than a counter-party to a contract to be assigned in connection with the Transaction) that will be required to consummate the Transaction.
(iii) In addition to the provisions contained in section 3.2(i), each Each First Lien Lender agrees, for itself only and not on behalf of any other member of the Senior Group, that Group and so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any First Lien Secured Claims (Claims, except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to:
(a) within five timely (5prior to the Petition Date) Business Days of the commencement of the Solicitation, vote or cause to be voted its First Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote)) to accept the Plan;
(b) vote against and shall in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents;
(c) not directly or indirectly seek, solicit, support, formulate, prosecute or encourage any other plan, sale, proposal or offer of dissolution, winding up, liquidation, reorganization, merger or restructuring of the use of cash collateral Debtor that could reasonably be expected to prevent, delay or impede the Transaction as contemplated by the Debtors pursuant to the terms of the Interim Cash Collateral Order and Final Cash Collateral OrderTransaction Documents;
(d) not object to the Transaction or any Transaction Document, or challenge, or otherwise commence or participate in any proceeding which fails to support the Transaction or any Transaction Document (except to the extent that any Transaction Document is inconsistent with the terms of this Agreement);
(e) not take any other action that is inconsistent with, or that would delay or obstruct the proposed solicitation, confirmation or consummation of, the Transaction, including any Transaction Document;
(f) exercise all of its rights and powers under the Amended and Restated Intercreditor Agreement, dated July 6, 2007 (the “Intercreditor Agreement”), in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated, including, without limitation, enforcing the restrictions and/or prohibitions on any the Second Lien Lenders, including any who are not Supporting Second Lien Lenders, that are contesting Holders to contest (or supporting support any other person in contesting) any aspect of the Transaction; and
(eg) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
. None of the above described covenants of the Parties shall be deemed to preclude the Parties from discussing appropriate modifications of the Transaction with one another or from approaching third parties (iv) In addition to the provisions contained in section 3.2(i), each Supporting including Second Lien Lender agreesHolders) in order to seek, for itself only and not on behalf solicit, support, formulate, prosecute or encourage a plan, sale, proposal or offer of any other member dissolution, winding up, liquidation, reorganization, merger or restructuring of the Supporting Second Lien Lenders, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any Second Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to:
(a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its Second Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote);
(b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) FX Entities that is inconsistent consistent with the terms of the Transaction and the Transaction Documents;
(c) exercise all of its rights and powers under the Second Lien Credit Agreement and the Second Lien Credit Documents, in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated;
(d) consent, and not support any person objecting, to the entry of the Interim Cash Collateral Order and Final Cash Collateral Order; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
Appears in 1 contract
Sources: Lock Up and Plan Support Agreement (FX Real Estate & Entertainment Inc.)
Support of the Plan. (i) Until it and its Affiliates will not (A) object, directly or indirectly, to the occurrence confirmation of the Outside DatePlan, except subject to the extent that, its receipt of a Disclosure Statement and for as long as, they shall be prohibited from taking any other solicitation materials in respect of the following actions due to any injunctionPlan that is approved by the Bankruptcy Court, order, law or other judicial or legal prohibition, each as containing “adequate information” under section 1125 of the Parties agrees to pursue and otherwise support the TransactionBankruptcy Code (as may be amended, to do all things reasonably necessary to consummate the Transaction, and to:
(a) not object to, modified or challenge the Transaction, or otherwise commence or participate changed in any proceeding which fails to support the Transaction or any Transaction Document (except to the extent that any Transaction Document is inconsistent accordance with the terms of this Agreement);
, (bB) not object, directly or indirectly, to the approval of the Disclosure Statement (as may be amended, modified or changed in accordance with this Agreement), (C) vote for or support any plan of reorganization other than, subject to its receipt of a Disclosure Statement and other solicitation materials in respect of the Plan that is approved by the Bankruptcy Court, the Plan (as such Plan may be amended, modified or changed in accordance with this Agreement), (D) directly or indirectly seek, solicit, support, formulate, prosecute or encourage support any other plan, sale, proposal or offer of dissolution, winding up, liquidation, reorganization, merger merger, or restructuring of the Debtor or the Property that could reasonably be expected to prevent, delay or impede the consummation of the Transaction Company or any Transaction Document;
of its Subsidiaries other than as provided in the Plan (c) do all things reasonably necessary to consummate the Transaction and not take any other action that is inconsistent withas such Plan may be amended, modified or that would delay or obstruct the proposed solicitation, confirmation or consummation of, the Transaction or any Transaction Document;
(d) not (x) direct or encourage any person to take any action that is inconsistent changed in accordance with its obligations under this Agreement or that could impede or delay the implementation and consummation of the TransactionAgreement), or (yE) support, subject to its receipt of a Disclosure Statement and other solicitation materials in any way, any person who may take any action respect of the Plan that is inconsistent with or would prevent approved by the implementation and consummation of the Transaction; and
(e) cause (x) all documents to which they (or in the case of Equity Parent and the Supporting Second Lien LendersBankruptcy Court, the New Borrower) are to be a party and which are reasonably necessary to effectuate the Plan, including the Final Transaction Documents, to be duly executed and delivered, and (y) all conditions precedent object to the effectiveness solicitation of the New Secured Loan Documents to be satisfied (consents to the extent they are within the applicable Party’s reasonable controlPlan (each as may be amended, modified or changed in accordance with this Agreement).;
(ii) In addition it will, and it will cause its Affiliates to, (A) subject to the provisions contained its receipt of a Disclosure Statement and other solicitation materials in section 3.2(i), the Debtor agrees to use commercially reasonable efforts to timely obtain all regulatory, judicial and third party approvals (excluding approvals by any third-party creditor other than a counter-party to a contract to be assigned in connection with the Transaction) that will be required to consummate the Transaction.
(iii) In addition to the provisions contained in section 3.2(i), each First Lien Lender agrees, for itself only and not on behalf of any other member respect of the Senior Group, Plan that so long as it is approved by the legal owner, beneficial owner and/or the investment adviser or manager of any First Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to:
(a) within five (5) Business Days of the commencement of the SolicitationBankruptcy Court, vote or cause to be voted its First Lien Secured Claims to accept the Plan (as such Plan may be amended, modified or changed in accordance with this Agreement), and not revoke or withdraw its vote)(B) reasonably cooperate with the TSN Debtors in respect of the pursuit and support of the transactions contemplated by this Agreement and the Plan;
(biii) vote against for so long as this Agreement remains in effect, it and in no way otherwiseits Affiliates will not sell, transfer, assign, pledge or otherwise dispose of, directly or indirectly, support any restructuringof its debt or Claims, reorganization or liquidation of the Debtor (or any plan option thereon or proposal in respect of the sameany right or interest (voting or otherwise) that is inconsistent with the Transaction and the Transaction Documents;
(c) the use of cash collateral by the Debtors pursuant to the terms of the Interim Cash Collateral Order and Final Cash Collateral Order;
(d) exercise all of its rights and powers under the Amended and Restated Intercreditor Agreement, dated July 6, 2007 (the “Intercreditor Agreement”), in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated, including, without limitation, enforcing the restrictions and/or prohibitions on any Second Lien Lenders, including any who are not Supporting Second Lien Lenders, that are contesting (or supporting any other person in contesting) any aspect of the Transactiontherein; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
(iv) In addition to the provisions contained in section 3.2(i), each Supporting Second Lien Lender agrees, for itself only and not on behalf of any other member of the Supporting Second Lien Lenders, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any Second Lien Secured Claims (except to the extent thatit or its Affiliates acquire additional Claims, such Plan Sponsor and for as long as, it its Affiliates agree that such Claims are and shall be prohibited from taking any of the following actions due subject to any injunction, order, law or other judicial or legal prohibitionthis Section 76(a), to:
(a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its Second Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote);
(b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents;
(c) exercise all of its rights and powers under the Second Lien Credit Agreement and the Second Lien Credit Documents, in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated;
(d) consent, and not support any person objecting, to the entry of the Interim Cash Collateral Order and Final Cash Collateral Order; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
Appears in 1 contract
Support of the Plan. (1) Each Consenting Holder agrees that it will (i) Until from and after the occurrence date hereof not agree to, consent to, provide any support to, participate in the formulation of, or vote for any plan of reorganization or liquidation, other than the Plan; (ii) execute and deliver a customary letter, in form and substance reasonably satisfactory to the Company and such Consenting Holder, from the Consenting Holder for distribution to the holders of any impaired claims against or interests in the Company, stating that such Consenting Holder supports and has committed to vote to approve the Plan; and (iii) agree to permit disclosure in the Disclosure Statement and any filings by the Company with the Securities and Exchange Commission of the Outside Datecontents of this Agreement, including, but not limited to, the commitments given in clause (i) of this Section 2(a) and the aggregate Relevant Claims held by all Consenting Holders; provided that the Company shall not disclose the number of shares of Junior Preferred Stock comprising the Relevant Claim of any individual Consenting Holder, except as otherwise required by applicable law.
(2) Each Consenting Holder further agrees that it shall not object to the extent thator otherwise commence any proceeding, and for as long asor take any other action, they shall be prohibited from taking to oppose or alter any of the following actions due to any injunction, order, law or other judicial or legal prohibition, each terms of the Parties agrees to pursue Plan or any other document filed in connection with the confirmation of the Plan (hereinafter a "Reorganization Document") and otherwise support the Transaction, to do all things reasonably necessary to consummate the Transaction, and to:
(a) shall not object totake any action which is inconsistent with, or challenge that would delay approval or confirmation of any of the TransactionDisclosure Statement, or otherwise commence or participate in any proceeding which fails to support the Transaction Plan or any Transaction Document (except to of the extent Reorganization Documents; provided that any Transaction Document is inconsistent with the terms of this Agreement);
(b) not all such Reorganization Documents are customary and otherwise consistent with the material terms of the Plan. Without limiting the generality of the foregoing, no Consenting Holder may directly or indirectly seek, solicit, support, formulate, prosecute support or encourage any other plan, sale, proposal or offer of dissolution, winding up, liquidation, reorganization, merger or restructuring of the Debtor Company or the Property any of its subsidiaries that could reasonably be expected to prevent, delay or impede the consummation restructuring of the Transaction Company as contemplated by the Plan or any Transaction Reorganization Document;
(c) do all things reasonably necessary to consummate the Transaction and not take any other action that is inconsistent with, or that would delay or obstruct the proposed solicitation, confirmation or consummation of, the Transaction or any Transaction Document;
(d) not (x) direct or encourage any person to take any action that is inconsistent with its obligations under this Agreement or that could impede or delay the implementation and consummation of the Transaction, or (y) support, in any way, any person who may take any action that is inconsistent with or would prevent the implementation and consummation of the Transaction; and
(e) cause (x) all documents to which they (or in the case of Equity Parent and the Supporting Second Lien Lenders, the New Borrower) are to be a party and which are reasonably necessary to effectuate the Plan, including the Final Transaction Documents, to be duly executed and delivered, and (y) all conditions precedent to the effectiveness of the New Secured Loan Documents to be satisfied (to the extent they are within the applicable Party’s reasonable control).
(ii) In addition to the provisions contained in section 3.2(i), the Debtor agrees to use commercially reasonable efforts to timely obtain all regulatory, judicial and third party approvals (excluding approvals by any third-party creditor other than a counter-party to a contract to be assigned in connection with the Transaction) that will be required to consummate the Transaction.
(iii) In addition to the provisions contained in section 3.2(i), each First Lien Lender agrees, for itself only and not on behalf of any other member of the Senior Group, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any First Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to:
(a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its First Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote);
(b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents;
(c) the use of cash collateral by the Debtors pursuant to the terms of the Interim Cash Collateral Order and Final Cash Collateral Order;
(d) exercise all of its rights and powers under the Amended and Restated Intercreditor Agreement, dated July 6, 2007 (the “Intercreditor Agreement”), in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated, including, without limitation, enforcing the restrictions and/or prohibitions on any Second Lien Lenders, including any who are not Supporting Second Lien Lenders, that are contesting (or supporting any other person in contesting) any aspect of the Transaction; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
(iv) In addition to the provisions contained in section 3.2(i), each Supporting Second Lien Lender agrees, for itself only and not on behalf of any other member of the Supporting Second Lien Lenders, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any Second Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to:
(a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its Second Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote);
(b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents;
(c) exercise all of its rights and powers under the Second Lien Credit Agreement and the Second Lien Credit Documents, in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated;
(d) consent, and not support any person objecting, to the entry of the Interim Cash Collateral Order and Final Cash Collateral Order; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
Appears in 1 contract
Sources: Lock Up, Voting and Consent Agreement (Gray Communications Systems Inc /Ga/)
Support of the Plan. (i) Until it and its Affiliates will not (A) object, directly or indirectly, to the occurrence confirmation of the Outside DatePlan, except subject to the extent that, its receipt of a Disclosure Statement and for as long as, they shall be prohibited from taking any other solicitation materials in respect of the following actions due to any injunctionPlan that is approved by the Bankruptcy Court, order, law or other judicial or legal prohibition, each as containing “adequate information” under section 1125 of the Parties agrees to pursue and otherwise support the TransactionBankruptcy Code (as may be amended, to do all things reasonably necessary to consummate the Transaction, and to:
(a) not object to, modified or challenge the Transaction, or otherwise commence or participate changed in any proceeding which fails to support the Transaction or any Transaction Document (except to the extent that any Transaction Document is inconsistent accordance with the terms of this Agreement);
, (bB) not object, directly or indirectly, to the approval of the Disclosure Statement (as may be amended, modified or changed in accordance with this Agreement), (C) vote for or support any plan of reorganization other than, subject to its receipt of a Disclosure Statement and other solicitation materials in respect of the Plan that is approved by the Bankruptcy Court, the Plan (as such Plan may be amended, modified or changed in accordance with this Agreement), (D) directly or indirectly seek, solicit, support, formulate, prosecute or encourage support any other plan, sale, proposal or offer of dissolution, winding up, liquidation, reorganization, merger merger, or restructuring of the Debtor or the Property that could reasonably be expected to prevent, delay or impede the consummation of the Transaction Company or any Transaction Document;
of its Subsidiaries other than as provided in the Plan (c) do all things reasonably necessary to consummate the Transaction and not take any other action that is inconsistent withas such Plan may be amended, modified or that would delay or obstruct the proposed solicitation, confirmation or consummation of, the Transaction or any Transaction Document;
(d) not (x) direct or encourage any person to take any action that is inconsistent changed in accordance with its obligations under this Agreement or that could impede or delay the implementation and consummation of the TransactionAgreement), or (yE) support, subject to its receipt of a Disclosure Statement and other solicitation materials in any way, any person who may take any action respect of the Plan that is inconsistent with or would prevent approved by the implementation and consummation of the Transaction; and
(e) cause (x) all documents to which they (or in the case of Equity Parent and the Supporting Second Lien LendersBankruptcy Court, the New Borrower) are to be a party and which are reasonably necessary to effectuate the Plan, including the Final Transaction Documents, to be duly executed and delivered, and (y) all conditions precedent object to the effectiveness solicitation of the New Secured Loan Documents to be satisfied (consents to the extent they are within the applicable Party’s reasonable controlPlan (each as may be amended, modified or changed in accordance with this Agreement).;
(ii) In addition it will, and it will cause its Affiliates to, (A) subject to the provisions contained its receipt of a Disclosure Statement and other solicitation materials in section 3.2(i), the Debtor agrees to use commercially reasonable efforts to timely obtain all regulatory, judicial and third party approvals (excluding approvals by any third-party creditor other than a counter-party to a contract to be assigned in connection with the Transaction) that will be required to consummate the Transaction.
(iii) In addition to the provisions contained in section 3.2(i), each First Lien Lender agrees, for itself only and not on behalf of any other member respect of the Senior Group, Plan that so long as it is approved by the legal owner, beneficial owner and/or the investment adviser or manager of any First Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to:
(a) within five (5) Business Days of the commencement of the SolicitationBankruptcy Court, vote or cause to be voted its First Lien Secured Claims to accept the Plan (as such Plan may be amended, modified or changed in accordance with this Agreement), and not revoke or withdraw its vote)(B) reasonably cooperate with the TSN Debtors in respect of the pursuit and support of the transactions contemplated by this Agreement and the Plan;
(biii) vote against for so long as this Agreement remains in effect, it and in no way otherwiseits Affiliates will not sell, transfer, assign, pledge or otherwise dispose of, directly or indirectly, support any restructuringof its debt or Claims, reorganization or liquidation of the Debtor (or any plan option thereon or proposal in respect of the sameany right or interest (voting or otherwise) that is inconsistent with the Transaction and the Transaction Documents;
(c) the use of cash collateral by the Debtors pursuant to the terms of the Interim Cash Collateral Order and Final Cash Collateral Order;
(d) exercise all of its rights and powers under the Amended and Restated Intercreditor Agreement, dated July 6, 2007 (the “Intercreditor Agreement”), in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated, including, without limitation, enforcing the restrictions and/or prohibitions on any Second Lien Lenders, including any who are not Supporting Second Lien Lenders, that are contesting (or supporting any other person in contesting) any aspect of the Transactiontherein; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
(iv) In addition to the provisions contained in section 3.2(i), each Supporting Second Lien Lender agrees, for itself only and not on behalf of any other member of the Supporting Second Lien Lenders, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any Second Lien Secured Claims (except to the extent thatit or its Affiliates acquire additional Claims, such Plan Sponsor and for as long as, it its Affiliates agree that such Claims are and shall be prohibited from taking any of the following actions due subject to any injunction, order, law or other judicial or legal prohibitionthis Section 7(a), to:
(a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its Second Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote);
(b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents;
(c) exercise all of its rights and powers under the Second Lien Credit Agreement and the Second Lien Credit Documents, in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated;
(d) consent, and not support any person objecting, to the entry of the Interim Cash Collateral Order and Final Cash Collateral Order; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
Appears in 1 contract
Support of the Plan. (i) Until it and its Affiliates will not (A) object, directly or indirectly, to the occurrence confirmation of the Outside DatePlan, except subject to the extent that, its receipt of a Disclosure Statement and for as long as, they shall be prohibited from taking any other solicitation materials in respect of the following actions due to any injunctionPlan that is approved by the Bankruptcy Court, order, law or other judicial or legal prohibition, each as containing “adequate information” under section 1125 of the Parties agrees to pursue and otherwise support the TransactionBankruptcy Code (as may be amended, to do all things reasonably necessary to consummate the Transaction, and to:
(a) not object to, modified or challenge the Transaction, or otherwise commence or participate changed in any proceeding which fails to support the Transaction or any Transaction Document (except to the extent that any Transaction Document is inconsistent accordance with the terms of this Agreement);
, (bB) not object, directly or indirectly, to the approval of the Disclosure Statement (as may be amended, modified or changed in accordance with this Agreement), (C) vote for or support any plan of reorganization other than, subject to its receipt of a Disclosure Statement and other solicitation materials in respect of the Plan that is approved by the Bankruptcy Court, the Plan (as such Plan may be amended, modified or changed in accordance with this Agreement), (D) directly or indirectly seek, solicit, support, formulate, prosecute or encourage support any other plan, sale, proposal or offer of dissolution, winding up, liquidation, reorganization, merger merger, or restructuring of the Debtor or the Property that could reasonably be expected to prevent, delay or impede the consummation of the Transaction Company or any Transaction Document;
of its Subsidiaries other than as provided in the Plan (c) do all things reasonably necessary to consummate the Transaction and not take any other action that is inconsistent withas such Plan may be amended, modified or that would delay or obstruct the proposed solicitation, confirmation or consummation of, the Transaction or any Transaction Document;
(d) not (x) direct or encourage any person to take any action that is inconsistent changed in accordance with its obligations under this Agreement or that could impede or delay the implementation and consummation of the TransactionAgreement), or (yE) support, subject to its receipt of a Disclosure Statement and other solicitation materials in any way, any person who may take any action respect of the Plan that is inconsistent with or would prevent approved by the implementation and consummation of the Transaction; and
(e) cause (x) all documents to which they (or in the case of Equity Parent and the Supporting Second Lien LendersBankruptcy Court, the New Borrower) are to be a party and which are reasonably necessary to effectuate the Plan, including the Final Transaction Documents, to be duly executed and delivered, and (y) all conditions precedent object to the effectiveness solicitation of the New Secured Loan Documents to be satisfied (consents to the extent they are within the applicable Party’s reasonable controlPlan (each as may be amended, modified or changed in accordance with this Agreement).;
(ii) In addition it will, and it will cause its Affiliates to, (A) subject to the provisions contained its receipt of a Disclosure Statement and other solicitation materials in section 3.2(i), the Debtor agrees to use commercially reasonable efforts to timely obtain all regulatory, judicial and third party approvals (excluding approvals by any third-party creditor other than a counter-party to a contract to be assigned in connection with the Transaction) that will be required to consummate the Transaction.
(iii) In addition to the provisions contained in section 3.2(i), each First Lien Lender agrees, for itself only and not on behalf of any other member respect of the Senior Group, Plan that so long as it is approved by the legal owner, beneficial owner and/or the investment adviser or manager of any First Lien Secured Claims (except to the extent that, and for as long as, it shall be prohibited from taking any of the following actions due to any injunction, order, law or other judicial or legal prohibition), to:
(a) within five (5) Business Days of the commencement of the SolicitationBankruptcy Court, vote or cause to be voted its First Lien Secured Claims to accept the Plan (as such Plan may be amended, modified or changed in accordance with this Agreement), and not revoke or withdraw its vote)(B) reasonably cooperate with the TSN Debtors in respect of the pursuit and support of the transactions contemplated by this Agreement and the Plan;
(biii) vote against for so long as this Agreement remains in effect, it and in no way otherwiseits Affiliates will not sell, transfer, assign, pledge or otherwise dispose of, directly or indirectly, support any restructuringof its debt or Claims, reorganization or liquidation of the Debtor (or any plan option thereon or proposal in respect of the sameany right or interest (voting or otherwise) that is inconsistent with the Transaction and the Transaction Documents;
(c) the use of cash collateral by the Debtors pursuant to the terms of the Interim Cash Collateral Order and Final Cash Collateral Order;
(d) exercise all of its rights and powers under the Amended and Restated Intercreditor Agreement, dated July 6, 2007 (the “Intercreditor Agreement”), in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated, including, without limitation, enforcing the restrictions and/or prohibitions on any Second Lien Lenders, including any who are not Supporting Second Lien Lenders, that are contesting (or supporting any other person in contesting) any aspect of the Transactiontherein; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
(iv) In addition to the provisions contained in section 3.2(i), each Supporting Second Lien Lender agrees, for itself only and not on behalf of any other member of the Supporting Second Lien Lenders, that so long as it is the legal owner, beneficial owner and/or the investment adviser or manager of any Second Lien Secured Claims (except to the extent thatit or its Affiliates acquire additional Claims, the Plan Sponsorsuch Backstop Party and for as long as, it its Affiliates agree that such Claims are and shall be prohibited from taking any of the following actions due subject to any injunction, order, law or other judicial or legal prohibitionthis Section 6(a), to:
(a) within five (5) Business Days of the commencement of the Solicitation, vote or cause to be voted its Second Lien Secured Claims to accept the Plan (and not revoke or withdraw its vote);
(b) vote against and in no way otherwise, directly or indirectly, support any restructuring, reorganization or liquidation of the Debtor (or any plan or proposal in respect of the same) that is inconsistent with the Transaction and the Transaction Documents;
(c) exercise all of its rights and powers under the Second Lien Credit Agreement and the Second Lien Credit Documents, in all commercially reasonable respects, to cause the Transactions contemplated hereby to be consummated;
(d) consent, and not support any person objecting, to the entry of the Interim Cash Collateral Order and Final Cash Collateral Order; and
(e) not seek or otherwise support the appointment of a trustee or examiner or to dismiss the Prepackaged Case or to convert the Prepackaged Case to a case under chapter 7 of the Bankruptcy Code.
Appears in 1 contract