Consenting Debtholders definition

Consenting Debtholders means the Holders of Claims that are party to the Restructuring Support Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Consenting Debtholders means, collectively, the Consenting Secured Debtholders and the Consenting Unsecured Debtholders;

Consenting Debtholders means, collectively, the Consenting Secured Debtholders and the Consenting Unsecured Debtholders. Consenting Secured Debtholders “Consenting Secured Debtholders” means, collectively, the Secured Debtholders that have executed and remain, at the relevant time, subject to the Support Agreement or a Joinder Agreement thereto. Consenting Unsecured Debtholders “Consenting Unsecured Debtholders” means, collectively, the Unsecured Debtholders that have executed and remain, at the relevant time, subject to the Support Agreement or a Joinder Agreement thereto. Court “Court” means the Ontario Court or the Bankruptcy Court, as applicable. Debt “Debt” means, collectively, the Secured Debt and the Unsecured Debt. Debt Documents “Debt Documents” means, collectively, the Secured Debt Documents and the Unsecured Debt Documents. Debtholders “Debtholders” means, collectively, the Secured Debtholders and the Unsecured Debtholders. Early Consent Date “Early Consent Date” means June 6, 2018, or such later date as Concordia may determine. Early Consenting Secured Debtholder “Early Consenting Secured Debtholder” means a Secured Debtholder that (i) executes the Support Agreement or a Joinder Agreement prior to the Early Consent Date and complies with all of its obligations under the Support Agreement in all material respects (including for certainty, and without limitation, voting in favour of the Plan prior to the voting deadline), other than a beneficial Noteholder, or (ii) votes in favour of the Plan prior to the Early Consent Date, or (iii) otherwise supports the Plan in a manner satisfactory to Concordia and the Majority Initial Consenting Debtholders. Early Consenting Unsecured Debtholder “Early Consenting Unsecured Debtholder” means an Unsecured Debtholder that (i) executes the Support Agreement or a Joinder

Examples of Consenting Debtholders in a sentence

The Applicants and the Majority Initial Consenting Debtholders may at any time and from time to time waive the fulfillment or satisfaction, in whole or in part, of the conditions set out herein, to the extent and on such terms as such parties may agree, each acting reasonably, provided however that the condition set out in Sections 8.1(a), 8.1(b), 8.1(c) and 8.1(d) cannot be waived.
No prior history, pattern or practice of sharing confidences among or between the Consenting Debtholders shall in any way affect or negate this understanding and agreement.
The Recapitalization Transaction to be implemented pursuant to the CCAA Plan may be modified as agreed by the Company and the Majority Initial Consenting Debtholders.
In connection with any such approval, agreement, consent, waiver, request or other action of the Majority Initial Consenting Debtholders, the Majority Initial Consenting Secured Debtholders, or the Majority Initial Consenting Unsecured Debtholders, each Party may, through its Advisors, confirm such approval, agreement, consent, waiver, request or other action.
All public announcements made in respect of the Recapitalization Transaction shall be made solely by the Company, provided that such public announcements shall be in form and substance acceptable to the Majority Initial Consenting Debtholders and the Company, each acting reasonably.
The Consenting Debtholders shall be entitled to rely on written confirmation from Goodmans LLP (which may include email) that the Company has agreed, waived, consented to or approved a particular matter pursuant to this Support Agreement.
IMPLEMENTATION OF RECAPITALIZATION TRANSACTION Implementation Subject to the terms of the Support Agreement and this Term Sheet, the Recapitalization Transaction shall be implemented pursuant to the Plan in the CBCA Proceedings, and, as may be determined by Concordia and the Majority Initial Consenting Debtholders, each acting reasonably, recognized pursuant to recognition proceedings in applicable jurisdictions.
In connection with an approval, agreement, consent or waiver of the Majority Initial Consenting Debtholders, the Majority Initial Consenting Secured Debtholders, or the Majority Initial Consenting Unsecured Debtholders hereunder, Concordia will solicit such approval, agreement, consent or waiver independently from each Party or its Advisors.
With respect to the aggregate principal amount and type of Claims set forth below its name on the signature page hereof, the Joining Party hereby makes the representations and warranties of the Consenting Debtholders set forth in Section 4 of the Restructuring Support Agreement to each other Party to the Restructuring Support Agreement.
Concordia shall have the right, subject to the prior written consent of the Majority Initial Consenting Debtholders, to release other parties pursuant to the Releases, provided that any such additional Releases provide the Company with value, as acceptable to Concordia and the Majority Initial Consenting Debtholders, each acting reasonably.

More Definitions of Consenting Debtholders

Consenting Debtholders has the meaning specified in the Lock-Up Agreement.

Consenting Debtholders means the Debtholders that have executed and remain, at the relevant time, subject to the Support Agreement or a joinder agreement thereto. “Court” means the Ontario Superior Court of Justice (Commercial List). “Data Protection Laws” means all applicable laws, rules and regulations of any applicable jurisdiction from time to time relating to data protection, including but not limited to the Data Protection ▇▇▇ ▇▇▇▇ and the General Data Protection Regulation (EU) 2016/679. “Defaulting Private Placement Parties” means, collectively, the Non-Funding Private Placement Parties (other than any Objecting Private Placement Parties or Non-Investing Private Placement Parties) and the Breaching Private Placement Parties, as applicable. “Designated Offshore Securities Market” has the meaning given to that term in Rule 902 of Regulation S. “Effective Date” means the date of implementation of the Plan. “Effective Time” has the meaning given to such term in the Plan.

Consenting Debtholders means, collectively, the Consenting Secured Debtholders and the Consenting Unsecured Debtholders. “Consenting Secured Debtholders” means the Secured Debtholders that have executed and remain, at the relevant time, subject to this Support Agreement or a Joinder Agreement hereto. “Consenting Unsecured Debtholders” means the Unsecured Debtholders that have executed and remain, at the relevant time, subject to this Support Agreement or a Joinder Agreement hereto. “Contracts” means all agreements, contracts, leases (whether for real or personal property), purchase orders, undertakings, covenants not to compete, employment agreements, confidentiality agreements, licenses, instruments, obligations and commitments to which a Person is a party or by which a Person or any of its assets are bound or affected, whether written or oral. “Court” means the Ontario Court or the Bankruptcy Court, as applicable. “Definitive Documents” means all definitive agreements, court materials and other material documents in connection with the Recapitalization Transaction and the CBCA Proceedings

Consenting Debtholders means the Debtholders that have executed and remain, at the relevant time, subject to the Support Agreement or a joinder agreement thereto.

Consenting Debtholders means those holders of the Notes and other Indebtedness of the Company and/or its Subsidiaries parties to the Restructuring Support Agreement as “Consenting Debtholders” thereunder; provided, that the Consenting Debtholders shall include, as a minimum, the holders of two-thirds of the aggregate principal amount of Notes outstanding from time to time.

Consenting Debtholders means the Holders of Claims that are party to the