Consenting Secured Lenders definition

Consenting Secured Lenders means those certain Holders of Loan Claims holding more than 66.6% of the aggregate amount of all outstanding Loan Claims.
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Consenting Secured Lenders means the Consenting Secured TL Lenders (as defined in the Restructuring Support Agreement).
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Consenting Secured Lenders means the Prepetition Secured Lenders that are signatories to the RSA holding approximately ninety-three percent (93%) in principal amount outstanding of the Prepetition Secured Claims, in their capacity as such.
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Examples of Consenting Secured Lenders in a sentence

  • It creates a new repository that contains exactly the same changes as the source repository.

  • Upon the occurrence of the Effective Date, the Reorganized Debtors shall be permitted to close all of the Chapter 11 Cases except for one of the Chapter 11 Cases as determined by the Reorganized Debtors and the Required Consenting Secured Lenders, and all contested matters relating to each of the Debtors, including objections to Claims, shall be administered and heard in such Chapter 11 Case.

  • Within five (5) Business Days after the Effective Date, the Debtors shall file on the docket of the Bankruptcy Court a Notice of Effective Date stating that (i) all conditions to the occurrence of the Effective Date have been satisfied or waived with the consent of the Requisite Majority Consenting Secured Lenders; (ii) the Effective Date has occurred and specifying the date thereof for all purposes under this Plan; and (iii) setting forth the name, address and telephone number for the Reorganized Debtors.

  • On or before the Effective Date, the Reorganized Debtors shall and are authorized to procure the New D&O Tail Coverage, unless otherwise agreed between the Debtors and the Required Consenting Secured Lenders.

  • The maximum total aggregate amount of the New Common Interests of Reorganized ENXP LLC that may be distributed to management under the Management Incentive Plan may not be increased absent the consent of the Requisite Supermajority Consenting Secured Lenders.

  • The Plan defines Released Persons as the Debtors, Reorganized Debtors, Consenting Secured Lenders, the Consenting Noteholders, the DIP Lenders, the Creditors Committee and its respective members in their capacity as such, and any of their Related Persons (each solely in its capacity as such); provided, that the Released Persons shall not include any Excluded Party.

  • On the Effective Date, the Organizational Documents of the Debtors shall be deemed amended and restated in substantially the form set forth in the Plan Supplement, and in form and substance acceptable to the Requisite Supermajority Consenting Secured Lenders, in consultation with the Debtors, without any further action by the directors or stockholders of the Debtors or the Reorganized Debtors.

  • On the Effective Date, at the option of the Debtors, and the Consenting Secured Lenders, each Intercompany Claim shall be either (A) Reinstated or (B) cancelled, released and discharged without any distribution on account of such Claims.

  • Impaired No (deemed not to accept) 0% 5 Intercompany ClaimsOn the Effective Date, at the option of the Debtors and the Consenting Secured Lenders, each Intercompany Claim shall be Reinstated or cancelled and released without any distributionon account of such claims.

  • The New Board shall initially consist of five (5) members, consisting of the Chief Executive Officer of New Sheridan and other members appointed by the Required Consenting Secured Lenders.

Related to Consenting Secured Lenders

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

  • Secured Lender means a lender under a Secured Lender’s Security Agreement.

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

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

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

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

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

  • Requisite Lenders means Lenders having (a) more than 66 2/3% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Loans.

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

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the aggregate Revolving Credit Exposures and unused Commitments at such time.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • 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.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • 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.

  • 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.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than sixty six and two thirds per cent (66 2/3%) of the aggregate of all the Commitments.

  • Supermajority Lenders means Lenders having (a) 66.67% or more of the Commitments of all Lenders, or (b) if the Commitments have been terminated, 66.67% or more of the aggregate outstanding amount of the Revolving Credit Advances.

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

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

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

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

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