Consenting First Lien Creditors definition

Consenting First Lien Creditors means the lenders that are Holders of First Lien Credit Agreement Claims that are parties to the Restructuring Support Agreement.
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Consenting First Lien Creditors means “Consenting Creditors” (as defined in the Restructuring Support Agreement).
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Consenting First Lien Creditors has the meaning set forth in the preamble to this Agreement.
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Examples of Consenting First Lien Creditors in a sentence

  • On May 11, 2016, the Debtors entered into the Restructuring Support Agreement, under which, among other things, the Consenting First Lien Creditors agreed to a new exit facility with an initial $425 million borrowing base, and the Consenting Second Lien Creditors agreed to convert all of their prepetition debt to equity.

  • Mr. Bolster explained that Executive Order 58 further defines the Commission’s activities related to mandates.

  • Uniti will pay to the subsidiary or subsidiaries of Windstream designated by the mutual agreement of the Debtors, the Required Consenting First Lien Creditors, and the Requisite Backstop Parties$490,109,111 in 20 equal consecutive quarterly installments beginning on the 5th business day of the first month following the Effective Date.

  • In the event that the Debtors or the Reorganized Debtors, as applicable, object to all or any portion of the amounts requested to be reimbursed in a Distribution Agent’s invoice, the Debtors (with the consent of the Required Consenting First Lien Creditors) or the Reorganized Debtors, as applicable, and such Distribution Agent shall endeavor, in good faith, to reach mutual agreement on the amount of the appropriate payment of such disputed fees and/or expenses.

  • Uniti shall have paid the APA Purchase Price (as defined below) and the IRU Purchase Price (as defined below) to the Windstream Entity or Entities designated by the mutual agreement of the Debtors, the Required Consenting First Lien Creditors, and the Requisite Backstop Parties (as defined in the Backstop Commitment Agreement).Dismissal of Litigation; Withdrawal of Proofs of Claim.

  • On May 11, 2016, the Debtors and a group of (a) Consenting First Lien Creditors holding approximately 98 percent of the outstanding principal amount under the First Lien Credit Agreement; (b) Consenting Second Lien Creditors holding approximately 79 percent of the outstanding principal amount of the Second Lien Notes; and (c) Consenting Unsecured Creditors holding approximately 55 percent of the outstanding principal amount of the Unsecured Senior Notes entered into the Restructuring Support Agreement.

  • The Reorganized DNI Board on the Effective Date shall be comprised of seven (7) directors, which shall include Reorganized DNI’s Chief Executive Officer, and six (6) independent directors selected by the Required Consenting First Lien Creditors, provided, that the Required Consenting First Lien Creditors shall select the new directors in good faith consultation with Reorganized DNI’s Chief Executive Officer.

  • The First Lien Credit Agreement Agent and the Consenting First Lien Creditors hereby agree, subject to the terms of this Agreement, to waive until May 31, 2016 (the “Waiver Termination Date”) (a) the requirement to implement, and XxxxXxxxx’x alleged failure to implement, a cure option under Section 2.05(c) of the First Lien Credit Agreement by the Deadline Date, (b) the Going Concern Event of Default, (c) the Financial Covenant Events of Default and (d) the RSA Events of Default.

  • Registration rights, if any, to be provided to the Backstop Parties and the Required Consenting First Lien Creditors will be set forth in the Governance Term Sheet.

  • Tax Matters The Debtors and the Required Consenting Creditors shall cooperate in good faith to structure the Restructuring Transactions and related transactions in a tax-efficient manner for the Debtors and the Consenting First Lien Creditors to the extent practicable; provided that such structure shall be acceptable to the Company Parties and the Required Consenting First Lien Creditors.


More Definitions of Consenting First Lien Creditors

Consenting First Lien Creditors has the meaning set forth in the Restructuring Support Agreement.
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Consenting First Lien Creditors means the holders of, or investment advisors, sub-advisors, or managers of discretionary accounts that hold First Lien Claims that have executed and delivered counterpart signature pages to the Plan Support Agreement, a joinder thereto, or a Transfer Agreement to counsel to the Company Parties.
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Consenting First Lien Creditors means, collectively, the Consenting 2023 Stub First Lien Term Loan Creditors, the Initial Consenting First Lien Creditors and the Additional Consenting First Lien Creditors.
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Consenting First Lien Creditors means collectively, the creditors that have executed the Restructuring Support Agreement, each of which is a Holder of, or an investment advisor, sub-advisor, or manager of discretionary accounts that hold, First Lien Notes Claims.​​
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Related to Consenting First Lien Creditors

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Original Closing Date, among Holdings, the Borrower, as borrower, the lenders party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent, as such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.