Examples of Consenting Prepetition Lenders in a sentence
WHEREAS, because of certain events occurring in New York City on and after September 11, 2001, the Sponsors, the Administrative Agent and the Consenting Prepetition Lenders desire to extend the term of the Lockup Agreement.
It is hereby acknowledged by the Parties hereto that no consideration shall be due or paid to the Sponsors or the Consenting Prepetition Lenders for their agreement to act in accordance with the terms and conditions of this Agreement.
The foregoing shall not prohibit the disclosure of the approximate aggregate holdings of Relevant Claims by the Consenting Prepetition Lenders as a group or the Sponsors as a group.
This Agreement shall in no way be construed to preclude the Sponsors or the Consenting Prepetition Lenders from acquiring or holding additional claims under the Credit Agreement, the Indenture or Subordinated Notes or any other claims against the Company or its affiliates (any such other claims, "Other Claims"), or equity interests in the Company or its affiliates.
In accordance with Section 1125 of the Bankruptcy Code, the acceptances of the Sponsors and the Consenting Prepetition Lenders will not be solicited until such Parties have received the disclosure statement and related ballot(s), after approval by the Bankruptcy Court.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Sponsors, the Administrative Agent, and the Consenting Prepetition Lenders hereby agree as follows: 1.
Neither Sponsor shall have or acquire any liability or responsibility for the other Sponsor's performance or non-performance under this Agreement, and no Consenting Prepetition Lender shall have or acquire any liability or responsibility for any other Consenting Prepetition Lender's performance or non-performance under this Agreement.
Nothing in this Agreement shall be construed as prohibiting the Company or any of the Consenting Prepetition Lenders from contesting whether any such termination is in accordance with its terms or to seek enforcement of any rights under this Agreement that arose or existed before a Termination Date.
Corporate Governance The terms and conditions of the new corporate governance documents of the reorganized Company (including the bylaws and certificates of incorporation or similar documents, among other governance documents) shall be acceptable to the Required Consenting Noteholders and reasonably acceptable to the Required Consenting Prepetition Lenders.
Absent the prior consent of the Required Consenting Noteholders and the Required Consenting Prepetition Lenders (which consent shall not be unreasonably withheld), the Chaparral Parties shall not seek approval of any additional incentive or retention plans for employees during the Chapter 11 Cases other than the Management Incentive Plan.