Common use of Unsolicited Proposals Clause in Contracts

Unsolicited Proposals. Notwithstanding subparagraph (i), GCX may consider an unsolicited Third Party Plan if and only if the Court finds that (A) the Third Party Plan would provide for a material increase in the aggregate value of the consideration being paid for all of the GCX Business and Assets compared to the Plan, (B) the Third Party Plan is fully-financed and the third party is otherwise capable of performing its obligations thereunder, and (C) GCX may consider the Third Party Plan.

Appears in 2 contracts

Sources: Support Agreement (Amc Entertainment Inc), Letter of Intent (Amc Entertainment Inc)