Common use of No Second Priority Debt Party (whether in the capacity of a secured Clause in Contracts

No Second Priority Debt Party (whether in the capacity of a secured. creditor or an unsecured creditor) shall propose, vote in favor of, or otherwise directly or indirectly support any plan of reorganization or other dispositive restructuring plan that is inconsistent with the priorities or other provisions of this Agreement, other than with the prior written consent of the Designated Senior Representative or to the extent any such plan is proposed or supported by the number of Senior Secured Debt Parties required under Section 1126(c) of the Bankruptcy Code.

Appears in 1 contract

Samples: Credit Agreement (Apria, Inc.)

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No Second Priority Debt Party (whether in the capacity of a secured. creditor or an unsecured creditor) shall propose, vote in favor of, or otherwise directly or indirectly support any plan of reorganization reorganization, plan of arrangement, proposal or other similar dispositive restructuring plan that is inconsistent with the priorities or other provisions of this Agreement, other than with the prior written consent of the Designated Senior Representative or to the extent any such plan is proposed or supported by the number of Senior Secured Class Debt Parties required under Section 1126(c1126(d) of the Bankruptcy CodeCode or any similar provision of any other Bankruptcy Law.

Appears in 1 contract

Samples: Intercreditor Agreement (Canada Goose Holdings Inc.)

No Second Priority Debt Party (whether in the capacity of a secured. creditor or an unsecured creditor) shall propose, vote in favor of, or otherwise directly or indirectly support any plan of reorganization reorganization, plan of liquidation, agreement for composition, or other dispositive type of plan of arrangement or restructuring plan that is inconsistent with the priorities or other provisions of this Agreement, other than with the prior written consent of the Designated Senior Representative or to the extent any such plan is proposed or supported by the number of Senior Secured Debt Parties required under Section 1126(c) of the Bankruptcy CodeCode or any similar provision of any other Bankruptcy Law.

Appears in 1 contract

Samples: Intercreditor Agreement (Carvana Co.)

No Second Priority Debt Party (whether in the capacity of a secured. creditor or an unsecured creditor) shall propose, vote in favor of, or otherwise directly or indirectly support any plan of reorganization or other dispositive restructuring plan that is inconsistent with the priorities or other provisions of this Agreement, other than with the prior written consent of the Designated Senior Representative or to the extent any such plan is proposed or supported by the number of Senior Secured Debt Parties required under Section 1126(c1126(d) of the Bankruptcy Code.

Appears in 1 contract

Samples: Credit Agreement (Hilton Grand Vacations Inc.)

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No Second Priority Debt Party (whether in the capacity of a secured. creditor or an unsecured creditor) shall propose, vote in favor of, or otherwise directly or indirectly support any plan of reorganization or other similar dispositive restructuring plan that is inconsistent with the priorities or other provisions of this Agreement, other than with the prior written consent of the Designated Senior Representative or to the extent any such plan is proposed or supported by the number of Senior Secured Debt Parties required under Section 1126(c) of the Bankruptcy Code.

Appears in 1 contract

Samples: Pledge Agreement (Liberty Global PLC)

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