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

  • 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.

  • 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 the Effective Date, at the option of the Debtors, in consultation with 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.

  • As stated above, the Debtors intend to file the Chapter 11 Cases to implement a prepackaged chapter 11 plan of reorganization that provides for a comprehensive balance sheet restructuring of their funded debt obligations with the consent of the Consenting Secured Lenders.

  • Upon the occurrence of the Effective Date, the Plan Administrator shall be permitted to close all of the Chapter 11 Cases except for one of the Chapter 11 Cases as determined by the Plan Administrator, 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 the Chapter 11 Case of Sheridan.

  • On the Effective Date, the Intercompany Equity Interests shall be cancelled without any distribution on account of such Equity Interests; provided, however, that at the option of the Debtors in consultation with the Consenting Secured Lenders, the Intercompany Equity Interests may be Reinstated for administrative convenience.

  • If an objection to a proposed assumption, assumption and assignment, or Cure Claim is not resolved in favor of the Debtors before the Effective Date, the applicable executory contract may be designated by the Debtors (with the consent of the Requisite Majority Consenting Secured Lenders) or the Reorganized Debtors for rejection within five (5) days of the entry of the order of the Bankruptcy Court resolving the matter against the Debtors.

  • If the Rights Offering is terminated, including by termination of the Backstop Commitment Letter, or the Plan is not confirmed by an order of the Bankruptcy Court by April 26, 2016 (or such later date for Confirmation as agreed by the Requisite Supermajority Consenting Secured Lenders), any payment made by a Participant pursuant to the Rights Offering shall be refunded as soon as practicable thereafter, without interest or deduction.

  • On the Effective Date, or as soon as practicable thereafter, all Intercompany Claims between and among the Debtors shall be Reinstated or compromised by the Reorganized Debtors, as applicable, consistent with the Reorganized Debtors’ business plan, and subject to the consent of the Requisite Majority Consenting Secured Lenders.

Related to Consenting Secured Lenders

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

  • Secured Lender means an individual or organization originating a loan in a real estate or business opportunity transac- tion secured by real estate or by the assets of a business or a busi- ness opportunity.

  • 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 the holders of Subordinated Debt.

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

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • Existing Lenders as defined in the recitals hereto.

  • Required Lenders means, at any time, Lenders having Revolving Exposures, Term Loans and unused Commitments representing more than 50% of the sum of the total Revolving Exposures, outstanding Term Loans 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 has the meaning assigned to such term in Section 2.23(c).

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

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than 662/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 662/3% of the Total Commitments immediately prior to the reduction).

  • Supermajority Lenders means, at any time, Lenders having or holding more than 66 2/3% of the aggregate Revolving Loan Exposure of all Lenders; provided, that (i) the Revolving Loan Exposure of any Defaulting Lender shall be disregarded in the determination of the Supermajority Lenders, and (ii) at any time there are two or more Lenders (who are not Affiliates of one another), “Supermajority Lenders” must include at least two Lenders (who are not Affiliates of one another or Defaulting Lenders).

  • 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 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

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