Examples of Crossholder Ad Hoc Group in a sentence
Evans (jdevans@jonesday.com) with a copy to (solely in the case of Consenting Creditors that are members of the Crossholder Ad Hoc Group): Milbank LLP55 Hudson Yards New York, New York 10001Attention: Samuel A.
In accordance with Bankruptcy Rule 2019 and based upon information provided to Counsel by each member of the Crossholder Ad Hoc Group, attached hereto as Exhibit A is a list of the names,addresses, nature, and amount of all disclosable economic interests of each present member of the Crossholder Ad Hoc Group in relation to the Debtors.
In addition, neither the Crossholder Ad Hoc Group nor any member of the Crossholder Ad Hoc Group represents or purports to represent any other entities in connection with the Debtors’ chapter 11 cases and does not assume any fiduciary or other duties to any other creditor or person.
The DIP Term Facility is backstopped by certain members of the Crossholder Ad Hoc Group and open for participation to all Prepetition Term Facility lenders.
The Debtors and their advisors engaged in discussions with (a) the agent to the Prepetition ABL Revolving Credit Facility (the “ Revolver Agent”), (b) the Crossholder Ad Hoc Group, and (c) an ad hoc group of Prepetition FILO Term Loan lenders (the “FILO Ad Hoc Group”), regarding extensions of the springing maturities and a comprehensive capital structure transaction to address both liquidity and leverage.
Critical to securing such significant contributions and obtaining the support of the Crossholder Ad Hoc Group are the consensual release provisions outlined in the Plan, which are the product of good faith arm’s- length negotiations, consistent with the law in this district, and should be approved.
The Crossholder Ad Hoc Group ultimately agreed to provide a $200 million DIP Term Facility, which provides $100 million new money and refinances $100 million of the Prepetition Term Facility upon entry of the Final Order (the “ Term Roll-Up”).
The Proposed Action is a Major Federal Action Affecting the Environment Which Requires An Environmental Impact Statement.By failing to adequately evaluate the impacts of its Proposed Action in an environmental impact statement (or environmental assessment), DOE violates NEPA.
However, in discussions with the Debtors, the Crossholder Ad Hoc Group and FILO Ad Hoc Group insisted that they would not consent to any priming of their security interests as part of a third-party DIP financing.
In support of this Joinder, the Crossholder Ad Hoc Group respectfully states as follows: 1.