Crossover Group definition

Crossover Group means that certain ad hoc group of certain Holders of First Lien Senior Secured Notes Claims and Second Lien Term Loan Claims represented by the Crossover Group Advisors.
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Crossover Group means that certain ad hoc group comprising certain unaffiliated Consenting First Lien Creditors and Consenting Second Lien Creditors represented by Akin Gump and Houlihan Lokey and listed on the signature pages to the Restructuring Support Agreement.
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Crossover Group means, collectively, the holders of, or investment advisors, sub-advisors, or managers of holders of, the First Lien Term Loans, Second Lien Term Loans, Second Lien Notes, and Unsecured Notes represented by Xxxx Xxxxxxxx LLP and PJT Partners LP.
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Examples of Crossover Group in a sentence

  • Unless otherwise provided for under the Plan, on the Effective Date, at the option of the applicable Debtor in consultation with the Ad Hoc First Lien Term Loan Group, the Ad Hoc Crossover Group, and the Ad Hoc 2025 Noteholder Group, Intercompany Claims shall be either: (i) Reinstated; or (ii) set off, settled, distributed, contributed, merged, canceled, or released.

  • Unless otherwise provided for under the Plan, on the Effective Date, at the option of the applicable Debtor in consultation with the Ad Hoc First Lien Term Loan Group, the Ad Hoc Crossover Group, and the Ad Hoc 2025 Noteholder Group, Intercompany Interests shall be either: (i) Reinstated; or (ii) set off, settled, distributed, contributed, merged, canceled, or released.

  • The Required Consenting Jackson Crossover Group Members and the Debtors shall negotiate the terms of the definitive Management Incentive Plan documentation in good faith prior to the Effective Date; provided that the requirement that the Management Incentive Plan documentation be completed prior to the Effective Date may be waived by written agreement between the Required Consenting Jackson Crossover Group Members and the Debtors.

  • Ad Hoc Crossover Group The ad hoc group comprising certain holders of the Company’s funded debt represented by Milbank LLP and Xxxxxxx Xxxxxxxx Partners LP and listed on the signature pages to the Restructuring Support Agreement (the “Ad Hoc Crossover Group” and, together with the Ad Hoc First Lien Group, the “Ad Hoc Groups”).

  • The Debtors and members of the First Lien Ad Hoc Group and the Crossover Group executed the Restructuring Support Agreement on April 2, 2019.

  • When the Crossover Group formed in February of 2018, it held approximately 77% of the Unsecured Notes.

  • As set forth more fully therein, the Ad Hoc Crossover Group and Second Lien Notes Trustee asserted the First Amended Plan was patently unconfirmable for a number of reasons, including that the First Amended Plan: (i) was not proposed in good faith; (ii) was not fair and equitable to the Second Lien Notes Claims; (iii) discriminated unfairly against the Second Lien Notes Claims; and (iv) disregarded substantial diminution in value claims on account of the Second Lien Notes.

  • In the Supplemental Order Regarding Assigned Mediation [Docket No. 1286], the parties to the mediation included: (i) the Debtors, (ii) the Committee,(iii) the Ad Hoc First Lien Group, (iv) the Ad Hoc Crossover Group, (v) PBGC, and (vi) the Second Lien Notes Trustee (collectively, the “Mediation Parties”).

  • Notwithstanding anything to the contrary in the Plan (including this Section VII.F), the reserve established for Guarantee Claims that have not been released or disallowed by a Final Order shall be established in such amount assuming that such Guarantee Claims are Allowed in full, or as otherwise agreed between the Debtors or Reorganized Debtors, as applicable, and the Required Consenting Jackson Crossover Group Members.

  • On September 13, 2017, the Bankruptcy Court ordered the Debtors, the Committee, the Ad Hoc First Lien Group, the Ad Hoc Crossover Group, and the Second Lien Notes Trustee to participate in non- binding mediation in an effort to resolve the Ad Hoc Crossover Group’s stated objections to the First Amended Plan (the “Mediation”), with United States Bankruptcy Judge, Hon.


More Definitions of Crossover Group

Crossover Group means the ad hoc group of crossover holders of First Lien Notes and Unsecured Notes represented by Davis Polk & Wardwell LLP, Haynes and Boone, LLP, and Houlihan Lokey Capital Inc.
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Crossover Group or groups (as described in the definition of the Class A-S Crossover Amount), and will be added to the amounts distributable as principal on the Class A Certificates related to the "loss group" (as described in the definition of the Class A-S Crossover Amount); provided that if the losses described in clause (A) (1) of the definition of Class A-S Crossover Amount were allocated to two Class A-S Components, then the Class A-S Crossover Amount will be subtracted on a pro rata basis from the amounts distributable as principal on the Class A Certificates related to the two crossover groups, allocated in proportion to the respective amounts of the losses so allocated to each of those Class A-S Components.
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Crossover Group means that ad hoc group of holders of Credit Agreement Claims and Notes Claims represented by the Crossover Group Representatives.
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Crossover Group means the ad hoc group of crossover holders of First Lien Notes and Unsecured Notes represented by Xxxxx Xxxx & Xxxxxxxx LLP, Xxxxxx and Xxxxx, LLP, and Xxxxxxxx Xxxxx Capital Inc.
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Crossover Group means that certain ad hoc group of holders of First Lien Senior Secured Notes Claims and Second Lien Term Loan Claims (each as defined below), represented by Xxxxxxxx & Xxxxxxxx LLC, as counsel, and Xxxxxxxx Xxxxx, Inc., as financial advisor. Management Incentive Plan The Plan will provide for the establishment of a customary management equity incentive plan (the “Management Incentive Plan”), designed, implemented, and determined by New Board, under which no less than 10% of the New Common Stock outstanding on the Effective Date (on a fully diluted and fully distributed basis, treating the Management Incentive Plan as fully allocated) will be reserved for grants made from time to time to the management or officers of Reorganized LCI. The Plan will provide that grants of at least 30% of the New Common Stock reserved under the Management Incentive Plan will be allocated within 60 days of the Plan Effective Date. The Consenting Stakeholders further agree that the employment agreement for the Debtors’ CEO shall be amended on the Plan Effective Date to provide the Debtors’ CEO with the right to leave for “good reason” pursuant to the terms of such agreement in the event the terms and conditions (including allocation) of the award to the Debtors’ CEO under the MIP are not reasonably acceptable to the Debtors’ CEO. The Consenting Stakeholders further agree that the employment agreements for the Named Executive Officers shall be amended on the Plan Effective Date to provide the Named Executive Officers with the right to leave for “good reason” pursuant to the terms of such agreements, in which case they will be entitled to 75% of their applicable severance, in the event the award to such Named Executive Officer under the Management Incentive Plan (i) is not on substantially similar terms and conditions (but not allocation) as the award reasonably acceptable to the Debtors’ CEO or (ii) provides for an allocation to such Named Executive Officer that is materially less than the award that the Debtors’ CEO reasonably recommended to the New Board in writing. Indemnification Obligations The Plan will provide for the assumption of all indemnification provisions currently in place (whether in the by-laws, certificates of incorporation, board resolutions, indemnification agreements, or employment contracts) for the current and former directors, managers, and officers of the Company and any affiliates, which assumption shall be irrevocable and shall survive the Plan Effecti...
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Related to Crossover Group

  • MNE Group means any Group that (i) includes two or more enterprises the tax residences of which are in different jurisdictions, or includes an enterprise that is resident for tax purposes in one jurisdiction and is subject to tax with respect to the business carried out through a permanent establishment in another jurisdiction, and (ii) is not an Excluded MNE Group;

  • DBS Group means DBS Bank Ltd, its subsidiaries, affiliates, branches and related companies.

  • Related Group For Loan Group 1, Group 1 and for Loan Group 2, Group 2.

  • Top Paid Group means the top 20 percent of Employees who performed services for the Employer during the applicable year, ranked according to the amount of "415 Compensation" (determined for this purpose in accordance with Section 1.26) received from the Employer during such year. All Affiliated Employers shall be taken into account as a single employer, and Leased Employees within the meaning of Code Sections 414(n)(2) and 414(o)(2) shall be considered Employees unless such Leased Employees are covered by a plan described in Code Section 414(n)(5) and are not covered in any qualified plan maintained by the Employer. Employees who are non-resident aliens and who received no earned income (within the meaning of Code Section 911(d)(2)) from the Employer constituting United States source income within the meaning of Code Section 861(a)(3) shall not be treated as Employees. Additionally, for the purpose of determining the number of active Employees in any year, the following additional Employees shall also be excluded; however, such Employees shall still be considered for the purpose of identifying the particular Employees in the Top Paid Group:

  • Mortgage Group Either of Group One or Group Two.

  • User Group means (a) you; (b) any entity or individual that Stripe reasonably determines is associated with you; and (c) each of your and their Affiliates; that has entered into an agreement with Stripe (or an Affiliate of Stripe) under which Stripe or its Affiliate provides services.

  • Founding Companies has the meaning set forth in the third recital of this Agreement.

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • Group the Company and its subsidiaries

  • Xxxx Group means collectively Xxxx Capital Fund V, L.P., Xxxx Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and Xxxxxxxx Street Partners.

  • SAP Group means SAP Parent and any of its Associated Companies.

  • Sponsor Group means the Sponsors and the Sponsor Related Parties.

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • Service Group means any one or more (as the context may require) of the service groups described in this Schedule;

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Non-Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Client Group means Client, any corporate body of which Client is a subsidiary (as defined by s. 1159 of the Companies Act 2006), any other subsidiary of such corporate body and any subsidiary of Client;

  • Comparator Group is defined as the following nine U.S. based carriers including, AirTran Airways, Inc., Alaska Air Group, Inc., AMR Corporation, Continental Airlines, Inc., Delta Air Lines Inc., JetBlue Airways Corporation, Southwest Airlines Co., US Airways Group, Inc. and UAL Corporation.

  • Minority Group means any of the following racial or ethnic groups:

  • Provider Group means a medical group, independent

  • Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Parent Group has the meaning set forth in Section 8.03(c).

  • Deep poverty pocket means a population census tract having a

  • Performing Non-Cash Pay Mezzanine Investments means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

  • Advisory Group means the environmental flows

  • Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.