Consenting Crossholder Claim definition

Consenting Crossholder Claim means any First Lien Credit Facility Claim held by a Consenting Crossholder as of March 1, 2021.
Sample 1Sample 2Sample 3
Consenting Crossholder Claim means any First Lien Credit Facility Claim held by a Consenting Crossholder as of March 1, 2021. “Consenting Non-Crossholders” means Consenting Noteholders who are not Consenting Crossholders.
Sample 1

Examples of Consenting Crossholder Claim in a sentence

  • See “—Accrued Interest and OID,” below.A U.S. Holder of an Allowed Consenting Crossholder Claim or Allowed Senior Unsecured Notes Claims will have a tax basis in the notes received equal to their issue price and a tax basis in the New Common Stock received equal to such stock’s fair market value.

  • The Debtors intend to similarly treat such right to purchase New Convertible Notes as separate from the satisfaction of the holders’ Claims for U.S. federal income tax purposes.The receipt of New Common Stock, new notes and cash by a U.S. Holder in exchange for its Allowed Consenting Crossholder Claim or Allowed Senior Unsecured Notes Claim should be treated as a taxable exchange.

  • Bank Lender First Lien Credit Facility Claim means any First Lien Credit Facility Claim that is not a Consenting Crossholder Claim.

Related to Consenting Crossholder Claim

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Non-U.S. Holder means a Holder that is not treated as a United States person for U.S. federal income tax purposes as defined under Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended from time to time.