Examples of Consenting Second Lien Lenders in a sentence
The Plan incorporates and reflects the following compromise and settlement by and among the Debtors, the Creditors’ Committee, the Consenting First Lien Lenders, and the Consenting Second Lien Lenders (the “ Global Settlement”).
In addition, the Debtors may, with the consent of the Required Consenting First Lien Lenders and the Required Consenting Second Lien Lenders, request that the Bankruptcy Court implement restrictions on trading of Claims and Equity Interests that might adversely affect the FCC Approval Process.
As reflected in the Restructuring Support Agreement dated December 23, 2011, the Restructuring is supported by the Company, the Consenting First Lien Lenders, the First Lien Agent, the Second Lien Agent, the Consenting Second Lien Lenders, the Consenting Noteholders, Aquilex HoldCo L.P. (the “Parent”) and the Ontario Teachers’ Pension Plan Board, in its capacity as a holder of 98.5% of the equity interests in Aquilex Holdco L.P., the parent of Acquisition Sub (“Ontario”).
The Consenting Noteholders, the First Lien Agent, the Consenting First Lien Lenders, the Second Lien Agent and the Consenting Second Lien Lenders acknowledge the terms of these engagements as in effect as of the date hereof, including any transaction fees contained therein, and will support the structure and the amount of such transaction fees and will waive any objection thereto.
The Borrower and Holdings hereby agree that if, at any time during the PIK Period, any Unrestricted Subsidiary incurs any Indebtedness (any such Indebtedness, “New Unrestricted Subsidiary Debt”), the Borrower shall be required to first offer the Consenting Second Lien Lenders a bona fide opportunity to provide such New Unrestricted Subsidiary Debt, with all of the material terms of such New Unrestricted Subsidiary Debt to be set forth in writing (the “New Unrestricted Subsidiary Debt Offer”).