Examples of Consenting First Lien Lenders in a sentence
The initial board of directors of Reorganized TER will consist of five (5) members, comprised of individuals to be designated by the Consenting First Lien Lenders.
Likewise, the DIP Lenders, Initial Consenting First Lien Lenders, Avenue Capital, Black Diamond and Trilogy have made substantial contributions to the success of the Plan including DIP financing, exit financing, and funding of the Global Settlement with the Committee.
If, however, the Consenting First Lien Lenders terminate the Forbearance Agreement prior to the Confirmation Date or the First Lien Lenders cease to forbear from exercising remedies against non-Debtor guarantors under the Holding First Lien Secured Term Loan prior to the Confirmation Date or fail to vote in favor of the Plan in accordance with section 1126(c) of the Bankruptcy Code, then the Debtors reserve the right to seek Reinstatement of the Holding First Lien Secured Term Loan Claims.
Stop Work Order In addition to the penalties listed in Section 116.702 above, if construction activities are conducted contrary to the provisions of this code or approved final stormwater management plans, the City Engineer may order the work stopped, by notice, in writing, served on any person engaged in the doing or causing of such work to be done.
With the additional runway afforded by the Forbearance Agreements and a revised business plan in place, the Debtors re-engaged in substantive discussions with the Consenting Noteholders and Consenting First Lien Lenders as well as several other key stakeholders, regarding a potential balance sheet restructuring.