Consenting Lender Base Treatment Pool definition

Consenting Lender Base Treatment Pool means: (i) $96,053,481.87 in Cash and (ii) the Consenting Base Treatment Distributable Shares.
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Consenting Lender Base Treatment Pool means: (i) $96.1 million in Cash and (ii) the Consenting Base Treatment Distributable Shares. “Non-Consenting Credit Facility Claims” means Credit Facility Claims held by Non-Consenting Lenders. “RCF Base Treatment Distributable Shares” means 23.0% of the New Valaris Equity.3 “RCF Base Treatment Pool” means an allocation of RCF Base Treatment Distributable Shares equal to the aggregate of the RCF Base Treatment Distributable Shares minus the Consenting Base Treatment Distributable Shares. “RCF New Money Participation Treatment” means: (i) 5.3% of the New Valaris Equity,4 (ii) 2.4% of the New Secured Notes (and associated Participation Equity offered in the Rights Offering), and (iii) $7.8 million. Pride Bond Claims On the Plan Effective Date, each holder of an allowed Pride Bond Claim shall receive its pro rata share of: (x) 8.808% of the Senior Notes Distributable Pool,5 and (y) an aggregate $1.25 million payment in cash. Ensco International Bond Claims On the Plan Effective Date, each holder of an allowed Ensco International Bond Claim shall receive its pro rata share of: (x) 1.549% of the Senior Notes Distributable Pool, and (y) an aggregate $1 million payment in cash. 3 Subject to dilution on account of the Management Incentive Plan and the New Warrants, as applicable. 4 Subject to dilution on account of the Management Incentive Plan and the New Warrants, as applicable.
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Examples of Consenting Lender Base Treatment Pool in a sentence

  • The waiver and release shall be part of the consideration for the issue of the Securities.

Related to Consenting Lender Base Treatment Pool

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Non-Consenting Lenders has the meaning specified in Section 3.07(d).

  • Refinancing Lender means, at any time, any bank, other financial institution or institutional investor that agrees to provide any portion of any Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.28; provided that each Refinancing Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) shall be subject to the approval of the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) (such approval not to be unreasonably withheld or delayed), in each case to the extent any such consent would be required from the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) under Section 10.4(b) for an assignment of Loans or Commitments to such Refinancing Lender.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Exiting Lender see Section 2.17.7.

  • Impacted Lender means any Lender as to which (a) L/C Issuer has a good faith belief that the Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that controls the Lender has been deemed insolvent or become subject to a bankruptcy or other similar proceeding.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Non-Consenting Lender means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.