Examples of Bridge Lenders in a sentence
Notwithstanding anything to the contrary, the Deficiency Claims of the Senior Secured Lenders and the Bridge Lenders against Non-Schedule III Obligor Debtors may only be satisfied out of the Excess Recoveries (if at all).
Additionally, as required by the Lender Litigation Settlement, on the Effective Date the Bridge Lenders shall assign to the Debtors all of their rights, remedies, claims and interests under the Intercreditor Agreement with respect to the holders of the 2015 Notes and the 2015 Notes Claims.
The vote of the Bridge Lenders on the Plan shall be deemed to be a direction to the administrative agent under the Bridge Loan Agreement to direct the security agent under the Intercreditor Agreement to effectuate the transactions contemplated in Section 5.4 hereof and to instruct the collateral agent under the Bridge Loan Agreement to effectuate the transactions contemplated under the Lender Litigation Settlement.
The Confirmation Order shall authorize and approve the Settlement in all respects and shall not modify the Settlement in any way or sever any component of the Settlement and all distributions to the Senior Lenders and to the Bridge Lenders shall be made in accordance with Section 7.3 of this Plan.
The Creditors’ Committee also sought to equitably subordinate various claims against the Debtors held by the Senior Secured Lenders, and the Bridge Lenders, the lead arrangers,58 LeverageSource XI S.à.r.l., Access Holdings and AI International S.à.r.l. (“AI”) to below the level of general unsecured claims, and sought to avoid certain allegedly unperfected liens in favor of Citibank, N.A. as collateral agent for the banks that financed the 2007 Merger.