Acceptable Reorganization Plan means the Debtors’ Fifth Amended Joint Chapter 11 Plan of Reorganization of Frontier Communications Corporation and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code, filed August 21, 2020 and confirmed on August 27, 2020, in the form attached to the Confirmation Order, together with any amendments, supplements, or modifications thereto after the Closing Date that are not, taken together, materially adverse to the Lenders, provided that any such amendment, supplement or modification solely to permit the Staggered Emergence shall be deemed not to be materially adverse to the Lenders.
Acceptable Reorganization Plan means a Reorganization Plan that provides for the termination of the Commitments and the payment in full in cash of the Obligations under the Loan Documents (other than contingent indemnification obligations not yet due and payable) on the Consummation Date of such Reorganization Plan.
Acceptable Reorganization Plan means a Reorganization Plan for all Debtors that provides for the payment in full (other than contingent indemnification obligations not yet due and payable) of the obligations under the Prepetition Revolving Credit Facility in cash (and the cash collateralization, other backstop of, or other arrangement with respect to outstanding letters of credit issued thereunder or in a manner otherwise satisfactory to each applicable issuing bank) to the extent such payment has not occurred prior to the consummation date and the termination of the commitments under the Prepetition Revolving Credit Facility.
Examples of Acceptable Reorganization Plan in a sentence
The “Initial Settlement Payments” (as defined in the Acceptable Reorganization Plan) shall have been made.
More Definitions of Acceptable Reorganization Plan
Acceptable Reorganization Plan means a Chapter 11 Plan that either (1) subject to the consent of the Majority DIP Lenders, provides for the termination of the DIP Commitments and the payment in full in cash of the DIP Obligations (other than contingent indemnification obligations not yet due and payable) on the Consummation Date) or (2) is proposed by the Borrower and approved by its board of directors for each of the Debtors and provides for (i) the termination of the DIP Commitments and (ii) (a) if no Equity Conversion Elections have been made, the payment in full in cash of the DIP Obligations (other than contingent indemnification obligations not yet due and payable) and (b) if any Equity Conversion Elections have been made, (x) the payment in full in cash of all Tranche 1 Obligations and all Tranche 2 Obligations in respect of which an Equity Conversion Election has not been made, subject to the provisions of Schedule 2.12 (other than contingent indemnification obligations not yet due and payable) and (y) in respect of all Tranche 2 Obligations in respect of which an Equity Conversion Election has been made, subject to the provisions of Schedule 2.12, the satisfaction, in full, of the obligation to issue Voluntary Conversion Shares in respect of such Tranche 2 Obligations, all in accordance with Section 2.12, on the Consummation Date of such Chapter 11 Plan.
Acceptable Reorganization Plan means a Reorganization Plan for all Debtors that provides for the payment in full (other than contingent indemnification obligations not yet due and payable) of the obligations under the Prepetition Revolving Credit Facility (as defined in the Offering Circular) in cash (and the cash collateralization, other backstop of, or other arrangement with respect to outstanding letters of credit issued thereunder or in a manner otherwise satisfactory to each applicable issuing bank) to the extent such payment has not occurred prior to the consummation date and the termination of the commitments under the Prepetition Revolving Credit Facility.
Acceptable Reorganization Plan means a Reorganization Plan that (x) sets forth the proposed (i) treatment of all claims in respect of the UK Pension Scheme, (ii) treatment of each class of claims and interests (including the proposed terms of any indebtedness or debt or equity securities to be issued in respect thereof and including the proposed equity split), (iii) corporate governance arrangements (including in respect of the selection of officers and directors) of the Borrower post-emegence and (iv) post-emergence capital structure of the Borrower and its Subsidiaries and (y) provides for the termination of the Commitments and the payment in full in cash of the Obligations under the Loan Documents (other than contingent indemnification obligations not yet due and payable) on the Consummation Date of such Reorganization Plan.
Acceptable Reorganization Plan means a Reorganization Plan that provides for (i) a repayment in cash on the Consummation Date of a principal amount of New Money Loans equal to $200,000,000 less the aggregate principal amount of New Money Loans repaid (or applied to a credit bid) on or prior to the Consummation Date, (ii) an additional repayment of New Money Loans in cash in an amount equal to 75% of U.S. Liquidity above $200,000,000 on the Effective Date (after giving pro forma effect to the restructuring and all payments contemplated by the Reorganization Plan) and (iii) at the Company’s option, (x) the payment in cash of the then outstanding aggregate principal amount of New Money Loans and/or Junior Loans and/or (y) in accordance with the terms of this Agreement, including without limitation Section 2.22, the conversion on the Consummation Date of the New Money Loans and/or Junior Loans on the Consummation Date to loans under the Exit Facility in accordance with the terms of this Agreement and of the Exit Loan Agreement.
Acceptable Reorganization Plan means a Reorganization Plan that (a) authorizes and implements the sale transactions contemplated under the Sale Agreements, (b) provides for the termination of the Commitments and the payment in full in Cash of the Obligations under the Credit Documents (other than contingent indemnification obligations not yet due and payable) on the effective date of such Reorganization Plan and (c) provides (i) for releases and exculpations reasonably acceptable to Administrative Agent (which, for the avoidance of doubt, will extend to the Credit Facilities and the Prepetition GSAP Facility) and (ii) that the Obligations shall not be discharged pursuant to the terms of such Reorganization Plan or the Confirmation Order.
Acceptable Reorganization Plan means a reorganization plan that (a) provides for the termination of the commitments and the payment in full in cash of the obligations under the DIP Facility Credit Agreement (other than contingent indemnification obligations for which no claims have been asserted) on the consummation date of such reorganization plan and (b) provides for customary releases of the DIP Facility Agent, the DIP Facility Lenders and the L/C Issuer and each of their respective representatives, from any and all claims against the DIP Facility Agent, the DIP Facility Lenders and the DIP L/C Issuer in connection with the DIP Facility Credit Agreement or the cases to the fullest extent permitted by the Bankruptcy Code and applicable law. Defined terms in this footnote that are neither defined in the Plan nor in the Disclosure Statement have the meaning given to them in the DIP Facility Credit Agreement.
Acceptable Reorganization Plan means a Reorganization Plan that provides for the payment in full in cash of the then outstanding aggregate principal amount of First Lien First Out Loans on the Consummation Date and,(i) a repayment in cash on the Consummation Date of a principal amount of New Money Loans equal to $200,000,000 less the aggregate principal amount of New Money Loans repaid (or applied to a credit bid) on or prior to the Consummation Date, (ii) an additional repayment of New Money Loans in cash in an amount equal to 75% of U.S. Liquidity above $200,000,000 on the Effective Date (after giving pro forma effect to the restructuring and all payments contemplated by the Reorganization Plan) and (iii) at the Company’s option, (x) the payment in cash of the then outstanding aggregate principal amount of First Lien Last OutNew Money Loans and/or Junior Loans and/or (y) in accordance with the terms of this Agreement, including without limitation Section 2.22, the conversion on the Consummation Date of the First Lien Last OutNew Money Loans and/or Junior Loans on the Consummation Date to loans under the Exit Facility in accordance with the terms of this Agreement and of the Exit Loan Agreement.