Extract to table

The MSPA provides that the stay shall continue and that no party shall withdraw the underlying application

The MSPA provides that the parties shall take all reasonable actions to maintain the stay in effect for the duration of the standstill period and shall not withdraw the underlying application or take any action that would result in the dismissal of the proceeding

The parties further agree that, in the event the OPUC signals an intent to dismiss the proceeding for lack of prosecution or inactivity, the parties shall cooperate in filing such motions or responses as may be necessary to preserve the proceeding

The MSPA provides that Cascadia shall be responsible for maintaining this policy and shall not allow it to lapse during the standstill period

The Reactivation Notice must identify a source or sources of replacement debt financing on commercially reasonable terms sufficient to fund the debt component of the acquisition

The MSPA does not specify the terms on which replacement financing must be obtained, but the requirement that such financing be on "commercially reasonable terms" provides a meaningful threshold that must be met before the parties can be required to proceed