Controlling Claimholders definition
Controlling Claimholders means (i) at any time when the Credit Agreement Collateral Agent is the Applicable Collateral Agent, the Credit Agreement Claimholders and (ii) at any other time, the Series of First Lien Claimholders whose Collateral Agent is the Applicable Collateral Agent.
Controlling Claimholders means Senior Creditor Group Representatives representing a Majority in Interest of the Senior Creditors.
Controlling Claimholders means (i) at any time when the Revolving Agent is the Controlling Representative, the Revolving Claimholders and (ii) at any other time, the Term Loan Claimholders whose Representative is the Controlling Representative.
Examples of Controlling Claimholders in a sentence
No Non-Controlling Representative, Non-Controlling Claimholder or Collateral Agent that is not the Applicable Collateral Agent will contest, protest or object to any foreclosure proceeding or action brought by the Applicable Collateral Agent, the Applicable Representative or the Controlling Claimholders or any other exercise by the Applicable Collateral Agent, the Applicable Representative or the Controlling Claimholders of any rights and remedies relating to the Shared Collateral.
More Definitions of Controlling Claimholders
Controlling Claimholders means, with respect to any Shared Collateral, the Series of First Lien Claimholders whose Collateral Agent is the Applicable Collateral Agent for such Shared Collateral.
Controlling Claimholders means (a) prior to the Discharge of First Lien Obligations, the First Lien Claimholders, (b) following the Discharge of First Lien Obligations but prior to the Discharge of Second Lien Obligations, the Second Lien Claimholders, (c) following the Discharge of First Lien Obligations and the Discharge of Second Lien Obligations but prior to the Discharge of Third Lien DFH Obligations, the Third Lien DFH Claimholder with respect to the Third Lien DFH Collateral and (d) following the Discharge of First Lien Obligations and the Discharge of Second Lien Obligations but prior to the Discharge of Third L▇▇▇ ▇▇▇ Obligations, the Third L▇▇▇ ▇▇▇ Claimholder with respect to the Third L▇▇▇ ▇▇▇ Collateral.
Controlling Claimholders means (a) prior to the Discharge of First Lien Obligations, the First Lien Claimholders; (b) following the Discharge of First Lien Obligations but prior to the Discharge of Second Lien Obligations, the Second Lien Claimholders; and (c) following the Discharge of First Lien Obligations and the Discharge of Second Lien Obligations but prior to the Discharge of Third Lien Obligations, the Third Lien Claimholders.
Controlling Claimholders means, with respect to any Common Collateral, the First Lien Claimholders whose Representative is the Applicable Representative for such Common Collateral.
Controlling Claimholders means, at any time, the Series of First Lien Claimholders whose First Lien Agent is the Applicable Agent at such time.