Consenting Equity Holders definition
Examples of Consenting Equity Holders in a sentence
Notwithstanding the foregoing, if this Support Agreement is modified in a manner materially adverse to the Consenting Equity Holders, any Consenting Equity Holder may terminate this Support Agreement as to itself only, pursuant to Section 2.2(c) hereof.
With respect to the aggregate principal amount of Notes and/or Equity held by the Joining Party upon consummation of the sale, assignment, transfer, hypothecation or other disposition of such Notes or Equity, listed on the signature page hereto, the Joining Party hereby makes the representations and warranties of the Consenting Noteholders or Consenting Equity Holders, as applicable, to the Company set forth in Section 5 of the Support Agreement.
The obligations of the Parties and the effectiveness hereof are subject to the execution and delivery of signature pages for this Support Agreement by each of the Company, Consenting Equity Holders holding no less that 66% of the aggregate shares of Preferred Stock, and Consenting Noteholders holding no less than 66% of the principal amount of the Notes (the date upon which such condition is satisfied, the “Effective Date”).
Other Terms The agreements governing the Equityholder Warrants shall contain terms and conditions consistent with this Term Sheet and, to the extent that such agreements contain terms and conditions that are not expressly contemplated by this Term Sheet, otherwise reasonably acceptable to the Debtors, the Required Consenting Creditors and the Consenting Equity Holders.
Any amendment to the Prepackaged Plan shall be reasonably acceptable to (i) the Company, the Plan Sponsor, and the Consenting Creditor, each in its sole discretion, (ii) solely with respect to amendments affecting the rights and obligations of the Consenting Equity Holders, the Requisite Consenting Equity Holders, the Consenting Creditor, and the Plan Sponsor.