Consenting Secured Noteholders definition
Examples of Consenting Secured Noteholders in a sentence
The order(s) approving the use of cash collateral and any Convertible Junior DIP Facility shall provide for the prompt payment of all Consenting Revolving Credit Agreement Lender Expenses and Consenting Secured Noteholder Restructuring Expenses upon the Debtors’ receipt of summary invoices or receipts by the advisors to the Company, the Revolving Credit Agreement Agent and the Consenting Secured Noteholders.
Notwithstanding anything to the contrary herein or in the Plan, any and all consent rights of the Consenting Revolving Credit Agreement Lenders, Consenting Secured Noteholders, or TRA Holder set forth in the RSA and this Term Sheet with respect to the definitive documents, including, but not limited to, any amendments, restatements, supplements, or other modifications to such documents, will be incorporated into the Plan by reference and fully enforceable as if stated in full in the Plan.
Non-voting Allowed Amount of Claims $[•] Upon the effective date of the Plan (the “Effective Date”), each holder of an allowed administrative expense, priority tax claim, or other priority claim will receive from its respective Debtor (i) payment in full, in cash, or (ii) such other treatment as is consistent with the provisions of section 1129(a)(9) of the Bankruptcy Code and acceptable to the Consenting Secured Noteholders.
As soon as reasonably practicable thereafter, the Consenting Secured Noteholders shall exercise the Purchase Option described in the Purchase Notice in accordance with the terms of the Intercreditor Agreement.
The Consenting Secured Noteholders hereby authorize and direct the Secured Note Agent to execute and deliver this Agreement.
The Debtors may extend or obtain a waiver of a Milestone with the express prior written consent of the Requisite Majority Consenting Secured Noteholders.