Restructuring Support Agreement and Prepetition First Lien Amendment Sample Clauses

Restructuring Support Agreement and Prepetition First Lien Amendment. After good faith, arm’s length negotiations, MACH Gen, certain holders of Equity Interests in the Borrower, the First Lien Lenders, and certain Second Lien Lenders (owning at least two- thirds in dollar amount of the Second Lien Prepetition Obligations) entered into that certain Restructuring Support Agreement, dated as of January 15, 2014 (as may be amended, supplemented, restated, or modified from time to time in accordance with the terms thereof, the “RSA”), in which the parties thereto agreed, inter alia, to engage in various transactions to restructure MACH Gen’s obligations under the Financing Documents and its capital structure pursuant to the Prepackaged Plan (as defined in the DIP Credit Agreement). In connection with the RSA and as a necessary condition thereto, the First Lien Lenders and the First Lien Agent entered into the Prepetition First Lien Amendment and, pursuant to the terms thereof, inter alia, provided additional funding, which was necessary for the MACH Gen Entities to preserve their business operations and to consummate the transactions contemplated by the RSA.
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Related to Restructuring Support Agreement and Prepetition First Lien Amendment

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