Examples of Ad Hoc Crossover Group in a sentence
Unless otherwise provided for under the Plan, on the Effective Date, at the option of the applicable Debtor in consultation with the Ad Hoc First Lien Term Loan Group, the Ad Hoc Crossover Group, and the Ad Hoc 2025 Noteholder Group, Intercompany Interests shall be either: (i) Reinstated; or (ii) set off, settled, distributed, contributed, merged, canceled, or released.
Unless otherwise provided for under the Plan, on the Effective Date, at the option of the applicable Debtor in consultation with the Ad Hoc First Lien Term Loan Group, the Ad Hoc Crossover Group, and the Ad Hoc 2025 Noteholder Group, Intercompany Claims shall be either: (i) Reinstated; or (ii) set off, settled, distributed, contributed, merged, canceled, or released.
On September 13, 2017, the Bankruptcy Court ordered the Debtors, the Committee, the Ad Hoc First Lien Group, the Ad Hoc Crossover Group, and the Second Lien Notes Trustee to participate in non- binding mediation in an effort to resolve the Ad Hoc Crossover Group’s stated objections to the First Amended Plan (the “Mediation”), with United States Bankruptcy Judge, Hon.
Subsequent to the filing of the First Amended Plan on August 7, 2017, the Debtors received certain objections from the Ad Hoc Crossover Group to the Disclosure Statement [Docket No. 955] (including a joinder from the Second Lien Notes Trustee [Docket No. 957]) and the First Lien Plan Support Agreement [Docket No. 973] (collectively, the “Crossover Objections”).
As set forth more fully therein, the Ad Hoc Crossover Group and Second Lien Notes Trustee asserted the First Amended Plan was patently unconfirmable for a number of reasons, including that the First Amended Plan: (i) was not proposed in good faith; (ii) was not fair and equitable to the Second Lien Notes Claims; (iii) discriminated unfairly against the Second Lien Notes Claims; and (iv) disregarded substantial diminution in value claims on account of the Second Lien Notes.
In the Supplemental Order Regarding Assigned Mediation [Docket No. 1286], the parties to the mediation included: (i) the Debtors, (ii) the Committee,(iii) the Ad Hoc First Lien Group, (iv) the Ad Hoc Crossover Group, (v) PBGC, and (vi) the Second Lien Notes Trustee (collectively, the “Mediation Parties”).
Ad Hoc Crossover Group The ad hoc group comprising certain holders of the Company’s funded debt represented by Milbank LLP and Xxxxxxx Xxxxxxxx Partners LP and listed on the signature pages to the Restructuring Support Agreement (the “Ad Hoc Crossover Group” and, together with the Ad Hoc First Lien Group, the “Ad Hoc Groups”).
Xxxxxx E-mail Address: xxxxxx.xxxxxx@xx.xxx If to any member of the Ad Hoc Crossover Group or Backstop Parties, to the address set forth beneath such lender’s signature block, with a copy to: Akin Gump Xxxxxxx Xxxxx & Xxxx LLP One Bryant Park Bank of America Xxxxx Xxx Xxxx, XX 00000-0000 Attn: Xxxxxxx Xxxxxx E-mail Address: xxxxxxx@xxxxxxxx.xxx; Akin Gump Xxxxxxx Xxxxx & Xxxx LLP Xxxxxx X.
Unless provided for under the Chapter 11 Plan , on the Effective Date, at the option of the applicable Debtor in consultation with the Ad Hoc First Lien Term Loan Group, the Ad Hoc Crossover Group and the Ad Hoc 2025 Noteholder Group, the Intercompany Interests shall be either (i) Reinstated; or (ii) set off, settled distributed, contributed, merged, cancelled or released.
Specifically, the Ad Hoc First Lien Term Loan Group, the Ad Hoc Crossover Group and the Ad Hoc 2025 Noteholder Group (in addition to the MDT II) have all executed the Restructuring Support Agreement.